Leonard Daniel J 4
Research Summary
AI-generated summary
Oak Valley Bancorp (OVLY) Director Daniel J. Leonard Buys 375 Shares
What Happened
Daniel J. Leonard, a director of Oak Valley Bancorp (OVLY), purchased 375 shares on 2026-04-29 at $33.00 per share for a total cost of $12,375. This was a purchase (insider buy), executed under a prearranged trading plan.
Key Details
- Transaction date: 2026-04-29; price: $33.00 per share; shares: 375; total value: $12,375.
- Filing date: 2026-04-30 (filed timely, one day after the transaction).
- Footnotes: Transaction executed pursuant to a 10b5-1(c) plan; plan adoption date 2026-04-28.
- Shares owned after the transaction: not specified in the filing.
Context
- The purchase was made under a 10b5-1 plan, which allows scheduled trades while the insider may be in possession of material nonpublic information; such plans are commonly used to avoid questions about timing.
- Purchases by insiders can be taken as a stronger signal than routine sales, but filings are factual and do not reveal the insider’s motivation.