Roland Theresa 4

What Happened

• Theresa Roland, EVP & Chief HR Officer of Oak Valley Bancorp (OVLY), recorded two acquisitions: 630 shares acquired on 2025-12-31 via the company 401(k) plan and a grant of 784 restricted shares on 2026-02-27 under the company’s Stock Incentive Plan. Prices are reported as N/A in the filing.

Key Details

• Transaction dates and types: 12/31/2025 — discretionary acquisition of 630 shares via 401(k) (footnote F1); 02/27/2026 — award of 784 restricted shares (footnote F3).
• Price/Value: Not disclosed (N/A) in the reported transactions.
• Vesting/restrictions: The 784 restricted shares are subject to forfeiture and transfer restrictions while unvested (F4) and vest 20% annually on 2/28 of 2027, 2028, 2029, 2030 and 2031 (F5).
• Other notes: Filing cites an adjustment to holdings for 401(k) profit sharing in 2025 (F2). 401(k) purchases occur under a 10b5-1 purchase plan per the filing (F1).
• Filing date and timeliness: Form 4 filed 2026-03-03 covering transactions through 2026-02-27; Form 4s are generally due within two business days of a reportable transaction — review the full filing for any timeliness designation.

Context

• These are acquisitions tied to compensation/benefit plans (401(k) contributions and a restricted stock award), which are routine for executives and do not alone signal a change in insider sentiment. The restricted shares vest over five years, so value is realized gradually as vesting occurs.