Riverview Bancorp (RVSB) major holder sells 15,000 shares via Haredale

Rhea-AI Filing Summary

Nierenberg Investment Management Company, LLC, a ten percent owner of Riverview Bancorp Inc., reported three open-market sales of common stock indirectly held through Haredale Ltd. On July 22, 23 and 24, 2026, Haredale Ltd. sold 5,000 shares on each date at prices of $5.25, $5.27 and $5.29 per share, respectively, totaling 15,000 shares. Footnotes explain that the shares are owned by investment funds for which Nierenberg is general partner or investment manager, and each reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.

Insider Trade Summary

Net Seller: 15,000 shares

Net Sell 3 txns

Insider Nierenberg Investment Management Company, LLC

Role 10% Owner

Sold 15,000 shs ($79K)

Type	Security	Shares	Price	Value
Sale	Common Stock F2, F1	5,000	$5.29	$26K
Sale	Common Stock F2, F1	5,000	$5.27	$26K
Sale	Common Stock F2, F1	5,000	$5.25	$26K

Holdings After Transaction: Common Stock — 79,388 shares (Indirect, By: Haredale Ltd.)

Footnotes (2)

1. F1. Nierenberg Investment Management Company ("NIMCO") is the sole general partner of The D3 Family Fund, LP and The D3 Family Bulldog Fund, LP, and the sole investment manager of Haredale Ltd. (collectively, the "Funds"). Damon Benedict is the president of NIMCO. By virtue of these relationships, each of the Reporting Persons may be deemed to beneficially own the securities owned directly by the Funds.
2. F2. Each of the reporting persons disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest therein.

Key Figures

Total shares sold: 15,000 shares Shares sold per day: 5,000 shares Sale price 2026-07-22: $5.25 per share +2 more

5 metrics

Total shares sold 15,000 shares Aggregate common shares sold by Haredale Ltd. on July 22–24, 2026

Shares sold per day 5,000 shares Common shares sold on each of July 22, 23 and 24, 2026

Sale price 2026-07-22 $5.25 per share Price for 5,000 common shares sold indirectly via Haredale Ltd.

Sale price 2026-07-23 $5.27 per share Price for 5,000 common shares sold indirectly via Haredale Ltd.

Sale price 2026-07-24 $5.29 per share Price for 5,000 common shares sold indirectly via Haredale Ltd.

Key Terms

ten percent owner, indirect ownership, pecuniary interest

3 terms

ten percent owner financial

"Describes Nierenberg Investment Management Company, LLC as a ten percent owner."

indirect ownership financial

"Each sale was reported as indirect ownership with nature of ownership by Haredale Ltd."

pecuniary interest financial

"Footnotes state they disclaim beneficial ownership except to the extent of pecuniary interest."

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/24/2026 - 06:32 PM Accepted by SEC EDGAR 07/24/2026 - 06:32 PM Learn about SEC filing dates

FAQ

What stock transactions did Nierenberg Investment Management report for Riverview Bancorp (RVSB)?

Nierenberg Investment Management, through Haredale Ltd., reported three open-market sales of Riverview Bancorp common stock. Each sale was for 5,000 shares on July 22, 23 and 24, 2026 at prices of $5.25, $5.27 and $5.29 per share, totaling 15,000 shares.

Who actually held the Riverview Bancorp (RVSB) shares sold in this Form 4?

The 15,000 Riverview Bancorp shares sold were held indirectly through Haredale Ltd.. Footnotes state Nierenberg Investment Management is the sole investment manager of Haredale and related funds, which directly own the securities reported in the transactions.

Were the reported Riverview Bancorp (RVSB) trades by Nierenberg direct or indirect holdings?

All three transactions were reported as indirect ownership, with nature of ownership described as "By: Haredale Ltd.". This means the sales involved shares held by Haredale Ltd., an entity managed by Nierenberg, rather than shares held directly in Nierenberg’s own name.

How much Riverview Bancorp (RVSB) stock was sold on each date and at what prices?

On July 22, 23 and 24, 2026, Haredale Ltd. sold 5,000 shares of Riverview Bancorp common stock each day. The reported sale prices were $5.25, $5.27 and $5.29 per share, respectively, in open-market or private transactions.

Does Nierenberg Investment Management claim full beneficial ownership of the RVSB shares involved?

The footnotes state that each reporting person may be deemed to beneficially own the securities held by the funds but disclaims beneficial ownership of these securities except to the extent of the reporting person’s pecuniary interest in them.

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

X

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^*

Nierenberg Investment Management Company, LLC

(Last) (First) (Middle)

19605 NE 8TH ST

(Street)

CAMAS WASHINGTON 98607

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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(2)	07/22/2026		S		5,000	D	$5.25	89,388	I	By: Haredale Ltd.(1)
Common Stock(2)	07/23/2026		S		5,000	D	$5.27	84,388	I	By: Haredale Ltd.(1)
Common Stock(2)	07/24/2026		S		5,000	D	$5.29	79,388	I	By: Haredale Ltd.(1)

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. Nierenberg Investment Management Company ("NIMCO") is the sole general partner of The D3 Family Fund, LP and The D3 Family Bulldog Fund, LP, and the sole investment manager of Haredale Ltd. (collectively, the "Funds"). Damon Benedict is the president of NIMCO. By virtue of these relationships, each of the Reporting Persons may be deemed to beneficially own the securities owned directly by the Funds.

2. Each of the reporting persons disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest therein.

	NIERENBERG INVESTMENT MANAGEMENT COMPANY, LLC By: /s/ Damon Benedict Name: Damon Benedict Title: President	07/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)