[Form 4] RIVERVIEW BANCORP INC Insider Trading Activity

Rhea-AI Filing Summary

David Lam, identified as EVP/CFO of Riverview Bancorp Inc. (RVSB), reported a purchase of 1,000 shares on 09/12/2025 at a price of $4.93 per share. After the transaction he beneficially owned 72,134 shares directly and 5,570 shares indirectly through shares held by the ESOP. The filing notes that the reported holdings include 13,501 shares owned in the Riverview 401(k) Plan. The Form 4 was signed by Mr. Lam on 09/16/2025.

Positive

• Insider purchase disclosed: EVP/CFO acquired 1,000 shares at $4.93, which is a clear, timely Form 4 filing
• Transparent ownership reporting: Filing details direct holdings (72,134), indirect ESOP holdings (5,570), and 401(k) inclusion (13,501)

Negative

• Transaction size appears small relative to total reported direct holdings, suggesting limited market or governance impact

Insights

Financial Analyst

TL;DR Insider purchase of 1,000 shares at $4.93 is disclosed; the trade is factual but appears modest relative to total holdings.

The filing documents a purchase transaction by the EVP/CFO, increasing direct holdings to 72,134 shares. The acquisition price of $4.93 is explicitly stated and the disclosure conforms to Section 16 reporting requirements. The magnitude of the buy (1,000 shares) is small compared with the reported direct holdings, suggesting limited immediate market impact. No derivative or option activity is reported.

Corporate Governance Expert

TL;DR Timely Form 4 disclosure shows compliance; the officer reports both direct and ESOP-related indirect ownership.

The Form 4 is properly signed and lists the reporting persons role as EVP/CFO, meeting filing formalities. Indirect ownership through the ESOP and inclusion of 401(k) plan shares are transparently disclosed. There are no amendment flags or complex transactions to indicate governance concerns. The transaction is straightforward and routine from a compliance perspective.

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^*

Lam David

(Last) (First) (Middle)

900 WASHINGTON STREET

SUITE 900

(Street)

VANCOUVER WA 98660

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RIVERVIEW BANCORP INC [ RVSB ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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	09/12/2025		P		1,000	A	$4.93	72,134(1)	D
Common Stock								5,570	I	Shares held by the ESOP

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. Includes 13,501 shares owned in the Riverview 401(k) Plan.

	/s/ David Lam	09/16/2025
	** 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 did RVSB EVP/CFO David Lam report on Form 4?

He reported a purchase of 1,000 shares of Riverview Bancorp (RVSB) on 09/12/2025 at $4.93 per share.

How many RVSB shares does David Lam beneficially own after the transaction?

The filing shows he beneficially owns 72,134 shares directly and 5,570 shares indirectly through the ESOP.

Does the Form 4 disclose retirement plan holdings for David Lam?

Yes. The filing notes it includes 13,501 shares owned in the Riverview 401(k) Plan.

When was the Form 4 signed by the reporting person?

The signature block shows David Lam signed the Form 4 on 09/16/2025.

Were any derivative securities or options reported by David Lam?

No. Table II for derivative securities contains no reported transactions or holdings.

What role does David Lam hold at Riverview Bancorp according to the filing?

He is reported as an Officer with the title EVP/CFO.