BV Financial (BVFL) director Galli sells 3,404 shares, retains large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BV Financial, Inc. director Joseph S. Galli filed an insider trading report showing an open-market sale of 3,404 shares of common stock held in an IRA at a weighted average price of $19.94, with trades between $19.90 and $20.04.
After this sale, the IRA held 24,674 shares, in addition to 80,309 directly held shares (including restricted stock) and 12,100 shares held through a retirement plan. Galli also holds stock options on 36,746 shares at an exercise price of $14.25 per share, vesting 25% annually beginning September 6, 2025 and expiring September 6, 2034.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,404 shares ($67,876)
Net Sell
4 txns
Insider
Galli Joseph S
Role
null
Sold
3,404 shs ($68K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,404 | $19.94 | $68K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 24,674 shares (Indirect, By IRA);
Stock Options — 36,746 shares (Direct, null);
Common Stock — 80,309 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.90 to $20.04, 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.
Key Figures
Shares sold: 3,404 shares
Weighted average sale price: $19.94 per share
IRA holdings after sale: 24,674 shares
+5 more
8 metrics
Shares sold
3,404 shares
Open-market sale of common stock from IRA
Weighted average sale price
$19.94 per share
Common stock sale; trades between $19.90 and $20.04
IRA holdings after sale
24,674 shares
Common stock held indirectly by IRA after transaction
Direct common shares
80,309 shares
Directly held, including restricted stock, after transaction
Retirement plan shares
12,100 shares
Common stock held indirectly via retirement plan
Stock options underlying shares
36,746 shares
Options on common stock held directly
Option exercise price
$14.25 per share
Stock options on 36,746 shares
Option expiration date
September 6, 2034
Stock options on 36,746 underlying shares
Key Terms
weighted average price, restricted stock, Stock Options, IRA, +1 more
5 terms
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
"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""
FAQ
What insider transaction did BVFL director Joseph S. Galli report?
Joseph S. Galli reported an open-market sale of 3,404 shares of BV Financial, Inc. common stock from an IRA at a weighted average price of $19.94 per share, with individual trades between $19.90 and $20.04.
What stock options on BVFL does Joseph S. Galli hold after the transaction?
Galli holds stock options tied to 36,746 shares of BV Financial common stock with an exercise price of $14.25 per share. These options vest 25% per year starting September 6, 2025 and expire on September 6, 2034.
Does the Form 4 mention restricted stock held by Joseph S. Galli at BVFL?
Yes. A footnote explains that his directly held 80,309 common shares include restricted stock awards that vest at 25% per year beginning on September 6, 2025, providing a schedule for when these awards become fully vested.