Oak Valley Bancorp (OVLY) director shifts 186 custodial shares
Rhea-AI Filing Summary
Oak Valley Bancorp director Leonard Daniel J reported an indirect disposition of 186 shares of common stock on 2026-07-29. The shares were held in a custodial account for a grandchild that was converted to the child’s individual ownership after reaching adult age. Following this transfer, he reports 62,412 common shares held indirectly as custodian for grandchildren.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 186 shares
Net Sell
1 txn
Insider
Leonard Daniel J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 186 | -- | -- |
Holdings After Transaction:
Common Stock — 62,412 shares (Indirect, By Self as Custodian for grandchildren)
Footnotes (1)
- F1. Custodial account for grandchild converted to individual ownership, child now of adult age.
Key Figures
Shares transferred: 186 shares
Indirect holdings after transaction: 62,412 shares
Restructuring shares: 186 shares
3 metrics
Shares transferred
186 shares
Indirect disposition on 2026-07-29 classified as Other acquisition or disposition
Indirect holdings after transaction
62,412 shares
Common stock held indirectly "By Self as Custodian for grandchildren" after the transfer
Restructuring shares
186 shares
transactionSummary lists 186 restructuringShares for this code J transaction
Key Terms
Other acquisition or disposition, indirect ownership, custodial account
3 terms
Other acquisition or disposition regulatory
"transaction_code_description": "Other acquisition or disposition""
indirect ownership financial
"direct_or_indirect": "I" indicating indirect ownership type"
custodial account financial
"Custodial account for grandchild converted to individual ownership"
A custodial account is an investment or bank account opened and managed by an adult (the custodian) for the benefit of someone who cannot legally control assets, typically a minor. Think of it as a wallet held by a trusted guardian until the beneficiary reaches a legal age: it lets you save and invest on someone’s behalf, affects who makes decisions and who pays taxes, and determines when control of the assets transfers to the beneficiary—details investors watch for tax consequences, ownership rules, and timing of control.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Oak Valley Bancorp (OVLY) report in this Form 4?
Oak Valley Bancorp director Leonard Daniel J reported transferring 186 common shares on 2026-07-29. These shares moved from a custodial account for a grandchild to that grandchild’s individual ownership, reflecting a change in account status rather than a market purchase or sale.
What are Leonard Daniel J’s reported Oak Valley Bancorp (OVLY) holdings after the transaction?
After the reported transaction, Leonard Daniel J is shown holding 62,412 shares of Oak Valley Bancorp common stock indirectly. The ownership is described as “By Self as Custodian for grandchildren,” indicating ongoing custodial holdings for other grandchildren following this transfer.
Was the Oak Valley Bancorp (OVLY) insider transaction a direct or indirect holding change?
The Form 4 records the transaction as affecting indirect ownership. The shares were held in a custodial account, with the nature of ownership stated as “By Self as Custodian for grandchildren,” and the change reflects conversion to the grandchild’s individual ownership when reaching adulthood.
Was the Oak Valley Bancorp (OVLY) insider trade made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked, indicating the transaction was not designated as being made under a pre-arranged Rule 10b5-1 trading plan. Instead, it is classified as an “Other acquisition or disposition” related to a custodial-to-individual account conversion.