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BV Financial (BVFL) director sells 11,202 shares in open-market trades

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

Rhea-AI Filing Summary

BV Financial, Inc. director Joseph S. Galli reported open-market sales of a total of 11,202 shares of common stock on June 11–12, 2026, at prices around $19.80–$19.96 per share, within a wider range of $19.80–$20.23 noted as a weighted average.

After these transactions, he holds 80,309 shares directly, 12,100 shares through a retirement plan, and 2,501 shares through an IRA, plus stock options over 36,746 shares with a $14.25 exercise price expiring on September 6, 2034. Related restricted stock and options vest 25% per year starting September 6, 2025.

Positive

  • None.

Negative

  • None.
Insider Galli Joseph S
Role Director
Sold 11,202 shs ($222K)
Type Security Shares Price Value
Sale Common Stock 579 $19.80 $11K
Sale Common Stock 2,014 $19.81 $40K
Sale Common Stock 100 $19.815 $2K
Sale Common Stock 30 $19.84 $595.20
Sale Common Stock 2 $19.855 $39.71
Sale Common Stock 64 $19.875 $1K
Sale Common Stock 291 $19.96 $6K
Sale Common Stock 8,122 $19.84 $161K
holding Stock Options -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 2,501 shares (Indirect, By IRA); Stock Options — 36,746 shares (Direct); Common Stock — 80,309 shares (Direct)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.80 to $20.23, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4. 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.
Common shares sold 11,202 shares Open-market sales on June 11–12, 2026
Sale price range $19.80–$20.23 per share Weighted average price range for reported sales
Direct holdings after transactions 80,309 shares Common stock held directly after June 2026 trades
Retirement plan holdings 12,100 shares Common stock held indirectly by retirement plan
IRA holdings after sales 2,501 shares Common stock held indirectly by IRA after trades
Underlying shares for options 36,746 shares Common stock underlying stock options
Option exercise price $14.25 per share Exercise price of stock options expiring 2034-09-06
Option expiration date 2034-09-06 Expiration of stock options on common stock
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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
""security_title": "Stock Options""
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.
vest at a rate of 25% per year financial
"Stock Options vest at a rate of 25% per year commencing on September 6, 2025."
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.
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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did BV Financial (BVFL) report on this Form 4?

The Form 4 shows director Joseph S. Galli executed open-market sales totaling 11,202 common shares of BV Financial on June 11–12, 2026. These transactions were reported as routine sales of existing holdings, not option exercises or new grants.

At what prices did Joseph S. Galli sell BVFL shares?

The reported sales occurred at prices around $19.80–$19.96 per share, with a disclosed weighted average range from $19.80 to $20.23. The Form 4 notes multiple individual trades within this range that together make up the reported totals.

How many BV Financial shares does Joseph S. Galli hold after these sales?

Following the reported transactions, Joseph S. Galli holds 80,309 shares directly, plus 12,100 shares through a retirement plan and 2,501 shares via an IRA. These figures reflect his remaining equity stake after the 11,202-share sale.

Does Joseph S. Galli still have stock options in BV Financial after the Form 4 trades?

Yes. He holds stock options tied to 36,746 underlying common shares with an exercise price of $14.25 per share. These options expire on September 6, 2034 and vest 25% annually beginning September 6, 2025.

What ownership types are reported for Joseph S. Galli’s BVFL holdings?

The Form 4 lists direct ownership of 80,309 shares, indirect ownership of 12,100 shares through a retirement plan, and indirect ownership of 2,501 shares via an IRA. All reported sales involved the IRA-held common stock.

How is the sale price information presented in this BV Financial Form 4?

The filing reports a weighted average price for the sales, indicating shares were sold in multiple transactions between $19.80 and $20.23. It notes the reporting person can provide detailed trade-by-trade pricing information to interested parties upon request.

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)
06/11/2026		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 Stock06/11/2026S8,122D$19.84(1)3,080IBy IRA
Common Stock06/12/2026S579D$19.82,501IBy IRA
Common Stock06/12/2026S2,014D$19.81487IBy IRA
Common Stock06/12/2026S100D$19.815387IBy IRA
Common Stock06/12/2026S30D$19.84357IBy IRA
Common Stock06/12/2026S2D$19.855355IBy IRA
Common Stock06/12/2026S64D$19.875291IBy IRA
Common Stock06/12/2026S291D$19.960IBy IRA
Common Stock80,309(2)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(3)36,746(3)D
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.80 to $20.23, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
2. Includes shares of restricted stock which vest at a rate of 25% per year commencing on September 6, 2025.
3. Stock Options vest at a rate of 25% per year commencing on September 6, 2025.
/s/ Zachary Davis, pursuant to power of attorney06/15/2026
** 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