BV Financial (BVFL) director Galli sells 3,060 IRA-held shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BV Financial, Inc. director Joseph S. Galli reported open-market sales of a total of 3,060 shares of common stock held in an IRA on June 5, 2026, at prices between $19.81 and $20.04 per share.
Following these transactions, the IRA held 24,460 BV Financial shares, alongside 12,100 shares held through a retirement plan and 80,309 shares held directly. Galli also holds stock options on 36,746 shares of common stock with a $14.25 exercise price, expiring on September 6, 2034, which vest 25% per year beginning September 6, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,060 shares ($60,987)
Net Sell
15 txns
Insider
Galli Joseph S
Role
null
Sold
3,060 shs ($61K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 100 | $19.81 | $2K |
| Sale | Common Stock | 420 | $19.815 | $8K |
| Sale | Common Stock | 400 | $19.825 | $8K |
| Sale | Common Stock | 16 | $19.83 | $317.28 |
| Sale | Common Stock | 200 | $19.85 | $4K |
| Sale | Common Stock | 100 | $19.86 | $2K |
| Sale | Common Stock | 100 | $19.87 | $2K |
| Sale | Common Stock | 100 | $19.88 | $2K |
| Sale | Common Stock | 7 | $20.005 | $140.04 |
| Sale | Common Stock | 1,287 | $20.01 | $26K |
| Sale | Common Stock | 111 | $20.03 | $2K |
| Sale | Common Stock | 219 | $20.04 | $4K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 24,460 shares (Indirect, By IRA);
Stock Options — 36,746 shares (Direct, null);
Common Stock — 80,309 shares (Direct, null)
Footnotes (1)
- Includes shares of restricted stock which vest at a rate of 25% per year commencing on September 6, 2025. Stock Options vest at a rate of 25% per year commencing on September 6, 2025.
Key Figures
Shares sold: 3,060 shares
Sale price range: $19.81–$20.04 per share
IRA holdings after sales: 24,460 shares
+5 more
8 metrics
Shares sold
3,060 shares
Total open-market sales of BV Financial common stock on June 5, 2026
Sale price range
$19.81–$20.04 per share
Prices for BV Financial common stock sales on June 5, 2026
IRA holdings after sales
24,460 shares
BV Financial common stock held indirectly by IRA after transactions
Direct common stock holdings
80,309 shares
BV Financial common stock held directly after reported date
Retirement plan holdings
12,100 shares
BV Financial common stock held via retirement plan
Stock option exercise price
$14.25 per share
Exercise price for options on BV Financial common stock
Underlying option shares
36,746 shares
Common shares underlying stock options expiring September 6, 2034
Option expiration date
September 6, 2034
Expiry of BV Financial stock options held by Galli
Key Terms
open-market sale, restricted stock, Stock Options, IRA, +2 more
6 terms
open-market sale financial
"Sale in open market or private transaction"
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.
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.
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.
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""
vesting financial
"vest at a rate of 25% per year commencing on September 6, 2025."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did BVFL director Joseph S. Galli report in this Form 4 filing?
Director Joseph S. Galli reported selling 3,060 BV Financial common shares from an IRA in multiple open-market transactions on June 5, 2026. Reported sale prices ranged from $19.81 to $20.04 per share, with updated post-transaction share balances disclosed for each account.
Does this BVFL Form 4 include information on restricted stock vesting?
Yes. The Form 4 notes that Galli’s holdings include restricted BV Financial shares that vest 25% per year beginning September 6, 2025. This schedule gradually converts restricted stock into fully vested shares according to the company’s disclosed vesting terms.