Nunes Wiiliam D 4

What Happened Nunes Wiiliam D, EVP & Chief Marketing Officer of Oak Valley Bancorp (OVLY), acquired 400 shares on 2025-12-31 through the company 401(k) purchase plan and on 2026-02-27 surrendered 123 shares to satisfy tax withholding related to restricted stock that vested. Prices for the transactions are not reported (listed as N/A); the 123-share disposition was a tax withholding, not an open-market sale.

Key Details

• Transactions reported: 400 shares acquired (12/31/2025, acquisition via 401k plan); 123 shares disposed (02/27/2026) to satisfy tax liability.
• Report filed: 2026-03-03 (appears later than the typical 2-business-day Form 4 window for the 02/27/2026 transaction).
• Prices: Not disclosed in the filing (N/A).
• Footnotes: F1 — shares acquired via company 401(k); purchases may occur under a 10b5-1 purchase plan with varying dates/prices. F2 — adjustment for 401(k) profit sharing in 2025. F3 — 123 shares surrendered to satisfy tax on restricted stock issued 02/28/2025 that vested 02/27/2026.
• Shares owned after these transactions: Not specified in the provided filing details.

Context The 400-share activity is a routine employee 401(k)/purchase-plan acquisition (a purchase/bullish signal is generally more informative than a sale). The 123-share disposition was tax withholding on vested restricted stock (a non-discretionary, administrative transaction), not a market sale signaling intent. The late filing date may delay public visibility of these routine, compensation-related transactions.