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Director at Plumas Bancorp (PLBC) granted 4,200 stock options vesting from 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Plumas Bancorp director Daniel E. West received a new stock option award. On March 1, 2026, he was granted options to buy 4,200 shares of Plumas Bancorp common stock at an exercise price of $0.00 per share.

These options will vest in four equal annual installments beginning on March 1, 2027, meaning the award becomes exercisable gradually over four years rather than all at once.

Positive

  • None.

Negative

  • None.
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*
WEST DANIEL E

(Last) (First) (Middle)
4001 HIGHWAY 89

(Street)
GRAEAGLE CA 96103

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
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
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 $50.3 03/01/2026 A 4,200 (1) 03/01/2034 Common stock 4,200 $0 4,200 D
Explanation of Responses:
1. Stock options will vest in four equal annual installments beginning on March 1, 2027.
/s/ Daniel E. West 03/01/2026
** 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 insider transaction did PLUMAS BANCORP (PLBC) report for Daniel E. West?

Plumas Bancorp reported that director Daniel E. West received an option grant for 4,200 shares of common stock. The award was recorded on March 1, 2026, as a grant or other acquisition rather than an open-market purchase or sale.

How many stock options did Daniel E. West acquire in the latest PLBC Form 4?

Daniel E. West acquired options to buy 4,200 shares of Plumas Bancorp common stock. The Form 4 shows this as a single derivative transaction, with 4,200 options held directly following the grant on March 1, 2026.

What is the exercise price and vesting schedule of Daniel E. West’s PLBC options?

The options granted to Daniel E. West have an exercise price of $0.00 per share. According to the footnote, they vest in four equal annual installments beginning on March 1, 2027, spreading vesting over four years.

Is the recent PLBC insider transaction a buy or a grant of options?

The recent PLBC insider transaction is a grant of stock options, not an open-market share purchase. The Form 4 classifies it as a grant, award, or other acquisition of a derivative security representing rights to acquire common stock.

What ownership type is reported for Daniel E. West’s PLBC stock options?

The Form 4 lists Daniel E. West’s 4,200 stock options as held with direct ownership. The transaction is coded with ownership type "direct," indicating they are attributed directly to him rather than through an indirect entity or trust.
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