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BV Financial (BVFL) director sells 5,000 shares but keeps large stake

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

BV Financial, Inc. director Joseph S. Galli reported open-market sales of 5,000 shares of common stock on June 10, 2026 through an IRA. The sales were broken into multiple small trades at prices around $19.75–$19.99 per share, leaving 15,026 shares held indirectly via the IRA.

He also holds 80,309 shares directly and 12,100 shares through a retirement plan as of that date. In addition, he has stock options tied to 36,746 shares of common stock with a $14.25 exercise price expiring on September 6, 2034. Both restricted stock and these options vest at 25% per year starting September 6, 2025.

Positive

  • None.

Negative

  • None.

Insights

Director Galli made modest open-market sales while retaining a sizable equity and option position.

Director Joseph S. Galli sold a total of 5,000 BV Financial common shares on June 10, 2026 via an IRA in a series of small open-market trades around $19.8 per share. These are straightforward sale transactions, not option exercises or tax withholdings.

After the trades, he continues to hold 80,309 shares directly, 12,100 through a retirement plan, and 15,026 via the IRA, plus stock options on 36,746 shares at a $14.25 exercise price expiring in 2034. The options and restricted stock vest at 25% per year beginning September 6, 2025, indicating ongoing incentive alignment. Given the scale relative to his remaining holdings, this appears as a routine portfolio adjustment rather than a thesis-changing move.

Insider Galli Joseph S
Role Director
Sold 5,000 shs ($99K)
Type Security Shares Price Value
Sale Common Stock 1,176 $19.75 $23K
Sale Common Stock 284 $19.76 $6K
Sale Common Stock 24 $19.765 $474.36
Sale Common Stock 316 $19.77 $6K
Sale Common Stock 242 $19.80 $5K
Sale Common Stock 404 $19.85 $8K
Sale Common Stock 36 $19.855 $714.78
Sale Common Stock 1,068 $19.87 $21K
Sale Common Stock 44 $19.90 $875.60
Sale Common Stock 1,349 $19.95 $27K
Sale Common Stock 39 $19.98 $779.22
Sale Common Stock 18 $19.985 $359.73
holding Stock Options -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 11,202 shares (Indirect, By IRA); Stock Options — 36,746 shares (Direct); Common Stock — 80,309 shares (Direct); Common Stock — 12,100 shares (Indirect, By Retirement Plan)
Footnotes (2)
  1. F1. Includes shares of restricted stock which vest at a rate of 25% per year commencing on September 6, 2025.
  2. F2. Stock Options vest at a rate of 25% per year commencing on September 6, 2025.
Shares sold 5,000 shares Open-market sales of BV Financial common stock on June 10, 2026
Sample sale price $19.985/share One of several open-market sale prices on June 10, 2026
Direct share holdings 80,309 shares Common stock held directly by Galli after transactions
Retirement plan holdings 12,100 shares Common stock held indirectly via retirement plan
IRA holdings 15,026 shares Common stock held indirectly via IRA after reported sales
Option exercise price $14.25/share Exercise price of stock options on 36,746 underlying shares
Underlying option shares 36,746 shares Common shares underlying stock options expiring September 6, 2034
Option expiration September 6, 2034 Expiration date of Galli’s reported stock options
Stock Options financial
"Stock Options vest at a rate of 25% per year commencing on September 6, 2025."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
restricted stock financial
"Includes shares of restricted stock which vest at a rate of 25% per year commencing on September 6, 2025."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
IRA financial
"Common Stock transaction held indirect with nature of ownership listed as By IRA."
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
retirement plan financial
"Common Stock transaction marked indirect with nature of ownership By Retirement Plan."
open-market sale financial
"Transaction action described as open-market sale for Common Stock with code S."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

What did BV Financial (BVFL) director Joseph S. Galli do in this Form 4?
Director Joseph S. Galli reported selling 5,000 shares of BV Financial common stock on June 10, 2026 via an IRA. These were multiple small open-market sales around $19.8 per share, while he retained significant direct, retirement-plan, and option-based holdings.

How many BVFL shares did Joseph S. Galli sell and at what prices?
Galli sold a total of 5,000 BV Financial common shares in open-market trades. Individual trades ranged from $19.75 to $19.99 per share on June 10, 2026, reflecting incremental selling rather than a single large block transaction.

How many BV Financial shares does Joseph S. Galli still own after these sales?
After the reported sales, Galli holds 80,309 BV Financial shares directly, 12,100 shares through a retirement plan, and 15,026 shares indirectly via an IRA. These positions show he remains a sizable shareholder despite the 5,000-share disposition.

What stock options on BVFL does Joseph S. Galli hold according to this filing?
Galli holds stock options linked to 36,746 BV Financial common shares with a $14.25 exercise price. These options expire on September 6, 2034 and vest at 25% per year starting September 6, 2025, aligning his compensation with long-term company performance.

How does the reported 5,000-share sale compare to Galli’s remaining BVFL equity exposure?
The 5,000-share sale is small relative to his remaining positions. He continues to own over 80,000 shares directly, additional shares via retirement-related accounts, and substantial option-based exposure, indicating continued alignment with shareholder outcomes.

Were the BV Financial share transactions in this Form 4 open-market sales or something else?
All reported dispositions with transaction code “S” are open-market or private sales of BV Financial common stock. The filing does not show option exercises, gifts, or tax-withholding events; it records straightforward cash sales from an IRA account.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Galli Joseph S
(Last)(First)(Middle)
7114 NORTH POINT ROAD
(Street)
BALTIMORE MARYLAND 21219
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
BV Financial, Inc. [ BVFL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026S1,176D$19.7515,026IBy IRA
Common Stock06/10/2026S284D$19.7614,742IBy IRA
Common Stock06/10/2026S24D$19.76514,718IBy IRA
Common Stock06/10/2026S316D$19.7714,402IBy IRA
Common Stock06/10/2026S242D$19.814,160IBy IRA
Common Stock06/10/2026S404D$19.8513,756IBy IRA
Common Stock06/10/2026S36D$19.85513,720IBy IRA
Common Stock06/10/2026S1,068D$19.8712,652IBy IRA
Common Stock06/10/2026S44D$19.912,608IBy IRA
Common Stock06/10/2026S1,349D$19.9511,259IBy IRA
Common Stock06/10/2026S39D$19.9811,220IBy IRA
Common Stock06/10/2026S18D$19.98511,202IBy IRA
Common Stock80,309(1)D
Common Stock12,100IBy Retirement Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options$14.2509/06/202509/06/2034Common Stock36,746(2)36,746(2)D
Explanation of Responses:
1. Includes shares of restricted stock which vest at a rate of 25% per year commencing on September 6, 2025.
2. Stock Options vest at a rate of 25% per year commencing on September 6, 2025.
/s/ Zachary A. Davis, pursuant to Power-of-Attorney06/11/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR