Riverview Bancorp director plans $430K share sale

The remarks describe the shares as open-market purchases in various tranches over the past 15 years, with none in the prior 12 months.

Available on EDGAR 11/02/2026 - 03:10 PM EST Accepted by SEC EDGAR 11/02/2026 - 03:10 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Riverview Bancorp Inc. (RVSB) reports that its director, Gerald Lee Nies, plans to sell 70,000 common shares through Charles Schwab Corp., with an aggregate market value of $429,800 and an approximate sale date of November 2, 2026. The notice lists 19,953,186 common shares outstanding.

Key Figures

Common shares to be sold: 70,000 shares Aggregate market value: $429,800 Common shares outstanding: 19,953,186 shares

3 metrics

Common shares to be sold 70,000 shares Proposed sale

Aggregate market value $429,800 Proposed sale

Common shares outstanding 19,953,186 shares As listed in the notice

Key Terms

Rule 144, Aggregate market value, Shares outstanding

3 terms

Rule 144 regulatory

"definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Aggregate market value financial

"Aggregate market value"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

Shares outstanding financial

"Number of shares or other units outstanding"

Shares outstanding are the total number of a company’s stock units held by all shareholders, including institutional investors and company insiders — think of them as the total number of slices of the company’s ownership pie. Investors use this number to calculate how much of the company each share represents, and it directly affects per-share measures like earnings per share, ownership percentage and valuation; when the slice count changes, an investor’s claim and the company’s per-share metrics change too.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many RVSB shares does Gerald Lee Nies plan to sell?

The notice lists a proposed sale of 70,000 common shares, with an aggregate market value of $429,800 and an approximate sale date of November 2, 2026.

How did Gerald Lee Nies acquire the RVSB shares listed for sale?

The acquisition information lists a 70,000-share open-market purchase from the issuer on October 30, 2025, for cash. The remarks state that the shares were purchased in various tranches over the past 15 years, with none in the prior 12 months.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001474005
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	RIVERVIEW BANCORP INC
SEC File Number	000-22957
Address of Issuer	900 WASHINGTON STREET SUITE 900 VANCOUVER WASHINGTON 98660
Phone	360-693-6650
Name of Person for Whose Account the Securities are To Be Sold	NIES GERALD LEE
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Charles Schwab Corp. 3000 Schwab Way Westlake TX 76262	70000	429800.00	19953186	11/02/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	10/30/2025	Open market purchase	Issuer			70000	10/30/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	Client said shares were open market purchases made in various tranches over the course of the past 15 years (none in the last 12 months, though)
Date of Notice	11/02/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	GERALD LEE NIES
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)