WEST DANIEL E 4

What Happened
Daniel E. West, a director of Plumas Bancorp (PLBC), exercised stock options on February 4, 2026, resulting in the acquisition of 2,500 common shares at a strike price of $24.40 per share (total cost $61,000). The filing also shows the corresponding derivative position was disposed (the option was converted), reflecting the exercise.

Key Details

• Transaction date: 2026-02-04 (reported on Form 4 filed 2026-02-06).
• Exercise details: Code M (option exercise) — 2,500 shares acquired @ $24.40 each; total $61,000.
• Related derivative row: 2,500 derivative units reported disposed at $0.00 (this reflects the option being converted/exercised).
• Shares owned after transaction: Not specified in the provided extract of the filing.
• Footnote: F1 — options were exercisable in four equal annual installments beginning February 21, 2019.
• Timeliness: Filing appears timely (reported within the typical 2-business-day Form 4 window).

Context
An M-code transaction means an insider exercised options to obtain company shares. Because there is no accompanying sale reported, West appears to have retained the acquired shares rather than immediately selling them (i.e., not a cashless immediate sale). Exercises are routine for insiders with vested options and do not by themselves indicate a change in company outlook, though purchases can be seen as a modest bullish signal since the insider paid cash to acquire stock.