BV Financial director sells 5,000 BVFL shares
BV Financial, Inc. director Joseph S. Galli reported open-market sales of a total of 5,000 shares of common stock held indirectly through an IRA at prices around $20 per share.
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Form Type
4
Rhea-AI Filing Summary
BV Financial, Inc. director Joseph S. Galli reported open-market sales of a total of 5,000 shares of common stock held indirectly through an IRA at prices around $20 per share. After these sales, he continues to own 80,309 common shares directly and 12,100 shares through a retirement plan.
Galli also holds stock options covering 36,746 shares of common stock with an exercise price of $14.25 per share that expire on September 6, 2034. According to the filing, these options and included restricted stock vest in 25% annual installments beginning on September 6, 2025.
Insider Trade Summary
Net Seller: 5,000 shares
Net Sell
13 txns
Insider
Galli Joseph S
Role
Director
Sold
5,000 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,601 | $20.00 | $92K |
| Sale | Common Stock | 30 | $20.01 | $600.30 |
| Sale | Common Stock | 9 | $20.02 | $180.18 |
| Sale | Common Stock | 118 | $20.03 | $2K |
| Sale | Common Stock | 118 | $20.04 | $2K |
| Sale | Common Stock | 2 | $20.05 | $40.10 |
| Sale | Common Stock | 6 | $20.06 | $120.36 |
| Sale | Common Stock | 104 | $20.07 | $2K |
| Sale | Common Stock | 11 | $20.08 | $220.88 |
| Sale | Common Stock | 1 | $20.09 | $20.09 |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 36,341 shares (Indirect, By IRA);
Stock Options — 36,746 contracts (Direct);
Common Stock — 80,309 shares (Direct);
Common Stock — 12,100 shares (Indirect, By Retirement Plan)
Footnotes (2)
- F1. Includes shares of restricted stock which vest at a rate of 25% per year commencing on September 6, 2025.
- F2. Stock Options vest at a rate of 25% per year commencing on September 6, 2025.
Key Figures
Shares sold: 5,000 shares
Direct holdings after: 80,309 shares
Retirement plan holdings: 12,100 shares
+3 more
6 metrics
Shares sold
5,000 shares
Total open-market sales of common stock via IRA
Direct holdings after
80,309 shares
Common stock held directly by Joseph S. Galli
Retirement plan holdings
12,100 shares
Common stock held indirectly through a retirement plan
Option exercise price
$14.25/share
Stock options on common stock held by Galli
Option underlying shares
36,746 shares
Underlying common shares for outstanding stock options
Option expiration
September 6, 2034
Expiration date of reported stock options
Key Terms
Stock Options, restricted stock, IRA, Retirement Plan, +1 more
5 terms
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"
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
"nature_of_ownership": "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
"nature_of_ownership": "By Retirement Plan""
open-market sale financial
"transaction_action": "open-market sale""
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BV Financial (BVFL) report for Joseph S. Galli?
BV Financial reported that director Joseph S. Galli sold a total of 5,000 shares of common stock in open-market transactions. The shares were held indirectly through an IRA, and the sales occurred at prices around $20 per share.
What stock options does Joseph S. Galli have in BV Financial (BVFL)?
Joseph S. Galli holds stock options on 36,746 shares of BV Financial common stock with an exercise price of $14.25 per share. These options expire on September 6, 2034 and vest in 25% annual installments starting September 6, 2025.
Were Joseph S. Galli’s BV Financial (BVFL) transactions open-market sales?
Yes. The Form 4 shows multiple transactions coded “S”, described as sales in open market or private transactions. In total, 5,000 shares of BV Financial common stock were sold from an IRA account associated with Galli.
How are Joseph S. Galli’s indirect BV Financial (BVFL) holdings structured?
Joseph S. Galli reports indirect ownership of BV Financial shares in two ways: 12,100 shares held through a retirement plan and additional shares held through an IRA. The reported 5,000-share sale relates specifically to the IRA-held common stock.
When do Joseph S. Galli’s BV Financial (BVFL) restricted stock and options vest?
The filing notes that certain restricted stock and related stock options for Joseph S. Galli vest at a rate of 25% per year. Vesting begins on September 6, 2025, spreading the vesting schedule over four years from that start date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
