Foster Michael Kevin 4

What Happened

Michael Kevin Foster (listed as Foster, Michael Kevin), a director of Plumas Bancorp (PLBC), made an open-market purchase of 470 common shares on May 11, 2026. The shares were acquired at $51.25 per share for a total reported value of $24,088. This was a straightforward purchase (transaction code P), which is typically considered a more informative action than routine sales.

Key Details

• Transaction date: 2026-05-11 (reported on Form 4 filed 2026-05-12)
• Transaction type: Open-market purchase (code P)
• Shares purchased: 470 shares at $51.25 per share
• Total value: $24,088 (reported)
• Shares owned after transaction: Not specified in the provided filing details
• Filing timeliness: Form 4 filed the next day (appears timely under standard reporting rules)
• No footnotes, 10b5-1 plan, option exercise, gift, or tax-withholding indications were reported in the supplied data

Context

This was a direct purchase of stock by a company director, not an option exercise or award. Purchases by insiders can be interpreted by some investors as a positive signal, but they should be considered alongside other information about the company and broader market conditions.