[Form 4/A] Oak Valley Bancorp Amended Insider Trading Activity

Rhea-AI Filing Summary

Erich A. Haidlen, a director of Oak Valley Bancorp (OVLY), acquired 245 common shares via automatic dividend reinvestment on 08/08/2025 in two transactions: 71 shares at $27.2414 and 174 shares at $26.915. Those purchases brought his reported beneficial ownership to 22,700 shares. The Form 4 was later amended to correct the total shares beneficially owned. The transactions were executed through a brokerage dividend reinvestment plan, indicating the shares were purchased as a result of dividend distributions rather than an open-market purchase.

Positive

• Director increased stake by 245 shares via dividend reinvestment, raising beneficial ownership to 22,700 shares
• Amendment corrected the previously reported total shares, improving transparency of insider holdings

Negative

• Amended filing indicates the initial report misstated total beneficial ownership and required correction

Insights

Corporate Governance Expert

TL;DR: Director modestly increased stake via DRIP purchases; amendment corrected prior ownership reporting—routine, neutral governance signal.

The filing shows two dividend reinvestment purchases totaling 245 shares at prices of $27.2414 and $26.915, bringing beneficial ownership to 22,700 shares. The need to amend the Form 4 to correct the previously reported total is a governance item to note: accurate insider reporting is important for transparency. The size of the purchases is small relative to typical institutional holdings, so this is a routine insider activity rather than a material corporate event.

Securities Analyst

TL;DR: 245-share DRIP purchases at roughly $27 each increase insider ownership to 22,700 shares; transaction size appears immaterial to valuation.

The transactions were executed through an automatic dividend reinvestment mechanism, not discretionary open-market buys, which suggests these are passive increases in position tied to dividends. Reported per-share prices were $27.2414 and $26.915. An amended Form 4 corrected the total shares beneficially owned, reinforcing the importance of precise reporting for investor records. Overall, the activity is modest and unlikely to move market perceptions materially.

SEC Form 4

FORM 4

UNITED 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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Haidlen Erich A

(Last) (First) (Middle)

125 NORTH THIRD AVENUE

(Street)

OAKDALE CA 95361

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Oak Valley Bancorp [ OVLY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/12/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/08/2025		P(1)		71	A	$27.2414	22,526(2)	D
Common Stock	08/08/2025		P(1)		174	A	$26.915	22,700	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. shares purchased via automatic dividend reinvestment through brokerage account

2. Form 4 amended to correct total shares beneficially owned reported on 8/12/2025

	/s/ Erich A Haidlen	08/12/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transactions did Erich Haidlen report for OVLY?

He acquired 245 common shares in two dividend reinvestment transactions on 08/08/2025 (71 shares and 174 shares).

At what prices were the OVLY shares purchased?

Prices reported were $27.2414 and $26.915 for the two transactions.

How many OVLY shares does Erich Haidlen beneficially own after these transactions?

22,700 shares beneficially owned following the reported transactions.

How were the OVLY shares acquired?

Shares were purchased via automatic dividend reinvestment through a brokerage account (a DRIP), not through discretionary open-market orders.

Why was the Form 4 amended for OVLY?

The Form 4 was amended to correct the total shares beneficially owned that had been reported previously.