Riverview Bancorp (RVSB) grants CEO time- and performance-based stock awards

Rhea-AI Filing Summary

Riverview Bancorp’s president, CEO, and director Nicole Sherman reported receiving new restricted stock awards in the company’s common stock on September 19, 2025. She acquired 8,252 restricted shares at no cost and a performance-based restricted stock award covering a target 24,757 shares, bringing her direct beneficial ownership to 186,699 shares.

The 8,252-share restricted stock award was granted under the 2017 Equity Incentive Plan and vests in three equal installments on August 1, 2026, August 1, 2027, and August 1, 2028. The performance-based award is scheduled to vest 50% on August 1, 2027 and 50% on August 1, 2028, subject to continued service and to Riverview Bancorp achieving specified earnings per share levels for the period from April 1, 2025 through March 31, 2026.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Sherman Nicole

Role President/CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8,252	$0.00	--
Grant/Award	Common Stock	24,757	$0.00	--

Holdings After Transaction: Common Stock — 161,942 shares (Direct)

Footnotes (1)

1. Reflects restricted stock awarded to the Reporting Person pursuant to the 2017 Equity Incentive Plan which vest in three equal installments on August 1, 2026, August 1, 2027, and August 1, 2028. Reporting Person was granted an award of performance based restricted stock covering a target of 24,757 shares (the "Target Restricted Stock Number"). Pursuant to time-based vesting requirements, 50% of this award is scheduled to vest on August 1, 2027, and 50% on August 1, 2028, subject to continued service requirements through such date. In addition, the number of shares subject to the restricted stock may be decreased down to 0% of the Target Restricted Stock Number, based on attainment of specified levels of the Company's total Earnings Per Share over the period of April 1, 2025 through March 31, 2026.

Form 4 Insider Transactions: What Each Field Means →

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^*

Sherman Nicole

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President/CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025

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	09/19/2025		A		8,252(1)	A	$0	161,942	D
Common Stock	09/19/2025		A		24,757(2)	A	$0	186,699	D

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. Reflects restricted stock awarded to the Reporting Person pursuant to the 2017 Equity Incentive Plan which vest in three equal installments on August 1, 2026, August 1, 2027, and August 1, 2028.

2. Reporting Person was granted an award of performance based restricted stock covering a target of 24,757 shares (the "Target Restricted Stock Number"). Pursuant to time-based vesting requirements, 50% of this award is scheduled to vest on August 1, 2027, and 50% on August 1, 2028, subject to continued service requirements through such date. In addition, the number of shares subject to the restricted stock may be decreased down to 0% of the Target Restricted Stock Number, based on attainment of specified levels of the Company's total Earnings Per Share over the period of April 1, 2025 through March 31, 2026.

	/s/ Nicole Sherman	12/08/2025
	** 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 insider transaction did Riverview Bancorp (RVSB) disclose for Nicole Sherman?

Riverview Bancorp reported that Nicole Sherman, its president, CEO, and director, received new restricted stock awards in common stock on September 19, 2025.

How many Riverview Bancorp (RVSB) shares did Nicole Sherman receive in restricted stock awards?

Nicole Sherman acquired 8,252 restricted shares at no cost and a performance-based restricted stock award covering a target 24,757 shares of Riverview Bancorp common stock.

What is Nicole Sherman’s total direct share ownership in Riverview Bancorp (RVSB) after these awards?

Following the reported transactions, Nicole Sherman beneficially owns 186,699 shares of Riverview Bancorp common stock directly.

When do Nicole Sherman’s new time-based restricted Riverview Bancorp (RVSB) shares vest?

The 8,252 restricted shares granted under the 2017 Equity Incentive Plan vest in three equal installments on August 1, 2026, August 1, 2027, and August 1, 2028.

How does the performance-based restricted stock award for Riverview Bancorp (RVSB) vest?

The performance-based award covering a target 24,757 shares is scheduled to vest 50% on August 1, 2027 and 50% on August 1, 2028, subject to continued service and achieving specified earnings per share levels from April 1, 2025 through March 31, 2026.

What performance metric affects Nicole Sherman’s Riverview Bancorp (RVSB) restricted stock award?

The number of shares that ultimately vest under the performance-based restricted stock may decrease down to 0% of the 24,757-share target based on Riverview Bancorp’s total earnings per share over the period April 1, 2025 through March 31, 2026.