Plumas Bancorp Insider Adds 3,600 Shares via Option Exercise – Form 4

Rhea-AI Filing Summary

Plumas Bancorp (PLBC) Form 4 filing – Insider Transaction Summary

Executive Vice President & Chief Credit Officer Jeffrey T. Moore reported the exercise of employee stock options on 26 June 2025 (transaction code M). He converted 3,600 options at an exercise price of $21.45 into an equal number of common shares. The shares are held indirectly in The Jeffrey & Cornelia Moore 2003 Trust, raising the trust’s stake to 8,400 PLBC shares.

Following the transaction, Moore still holds 1,200 unexercised options directly. No open-market purchase or sale occurred; therefore, cash proceeds to the insider were not disclosed. The option grant, originally issued on 21 Oct 2017, vests in four equal annual tranches beginning 21 Oct 2020 and expires 21 Oct 2027.

There were no derivative disposals, no sales of common stock, and no other securities reported. The filing represents a routine insider option exercise that slightly increases direct equity alignment between the officer and shareholders.

Insights

Financial Analyst

TL;DR: EVP exercises 3,600 options at $21.45, boosting indirect holdings to 8,400 shares; neutral cash impact, modest signal of insider confidence.

The M-code exercise converts options into shares without open-market buying or selling. While it increases Moore’s equity stake, the absence of a market purchase limits positive signaling value. The 3,600 shares represent a small portion of PLBC’s 5.8 million basic shares (latest 10-Q), so dilution is immaterial. Routine option vesting and remaining 1,200 options suggest future similar filings. Overall impact on valuation or liquidity is minimal, but ongoing insider accumulation can be interpreted as moderate confidence in long-term prospects.

Corporate Governance Expert

TL;DR: Standard Rule 16(a) disclosure; aligns management and shareholder interests, no red flags detected, governance outlook unchanged.

The filing complies with Section 16 reporting timelines and fully discloses indirect ownership via family trust. No 10b5-1 plan was cited, implying discretionary exercise. Lack of concurrent sales removes potential conflict signals. From a governance standpoint, an executive increasing ownership is typically viewed as shareholder-friendly. However, given the modest size and option-driven nature, the effect on broader governance assessments is neutral.

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
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^*

Moore Jeffrey T.

(Last) (First) (Middle)

2293 BALD HILL ROAD

(Street)

AUBURN CA 95603

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PLUMAS BANCORP [ PLBC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2025

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

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	06/26/2025		M		3,600	A	$21.45	8,400	I	The Jeffrey & Cornelia Moore 2003 Trust

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
Option to buy common stock	$21.45	06/26/2025		M			3,600	(1)	10/21/2027	Common stock	3,600	$0	1,200	D

Explanation of Responses:

1. Exercisable in four (4) equal annual installments beginning October 21, 2020.

	/s/ Jeffrey T. Moore	06/26/2025
	** 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

How many PLBC shares did EVP Jeffrey T. Moore acquire on 26 June 2025?

He acquired 3,600 common shares through option exercise.

What was the option exercise price disclosed in the PLBC Form 4?

The options were exercised at $21.45 per share.

What is Jeffrey T. Moore’s total indirect ownership after the transaction?

Following the exercise, the trust holds 8,400 PLBC shares.

Does the filing report any sale of PLBC shares?

No. The Form 4 shows no disposals or open-market sales; only an option exercise.

When do the remaining 1,200 options held by Moore expire?

The remaining options expire on 21 October 2027.