Boigon Aaron M. 4

What Happened Aaron M. Boigon, Executive Vice President and Chief Information Officer of Plumas Bancorp (PLBC), exercised stock options on 2026-04-30. The filing shows 2,500 shares acquired at an exercise price of $21.45 (total cost $53,625) and 2,500 shares reported as disposed with $0.00 consideration. The primary action was an option exercise (derivative transaction, code M); the $0 disposition typically reflects shares surrendered to the company to cover option costs or tax withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-04-30 (Period of Report: 2026-04-30; Filing accession: 0001437749-26-014133)
• Acquired: 2,500 shares at $21.45 per share (total $53,625)
• Disposed: 2,500 shares at $0.00 (derivative transaction) — suggests surrender/net settlement or tax withholding, not a market sale
• Footnote: F1 — options are exercisable in four equal annual installments beginning 10/21/2020 (indicates vesting schedule)
• Shares owned after transaction: not specified in the provided excerpt
• Filing timeliness: filed on the transaction date (no late filing indicated in this excerpt)

Context This was an exercise of previously granted options (code M). When a filing shows both acquired shares and an equal number disposed at $0.00, it commonly represents a net or share-surrender settlement to cover exercise costs or tax obligations rather than a sale for cash. Such transactions are routine for option exercises and do not by themselves indicate a change in an insider’s market view.