Galli Joseph S 4

What Happened

Joseph S. Galli, a director of BV Financial, sold a total of 5,000 shares of BV Financial common stock in multiple open‑market dispositions on June 10, 2026. The lots ranged from 18 to 1,349 shares at prices between $19.75 and $19.98, producing aggregate proceeds of about $99,234 (average price ≈ $19.85). These were sales (transaction code S) — dispositions that are often routine and do not necessarily signal a change in insider sentiment.

Key Details

• Transaction date: June 10, 2026 (filed June 11, 2026 — filing appears timely).
• Lots/prices: multiple open‑market sales totaling 5,000 shares at prices of $19.75–$19.98; total proceeds ≈ $99,234 (avg ≈ $19.85).
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes of the filing:
  • F1: Includes restricted stock that vests 25% per year beginning Sept 6, 2025.
  • F2: Stock options vest 25% per year beginning Sept 6, 2025.
• No 10b5‑1 plan, tax‑withholding sale, or late‑filing indication was reported in the supplied details.

Context

• Sales by directors can reflect routine portfolio management (diversification, liquidity, tax planning) rather than a view on company fundamentals; purchases generally carry more explicit bullish signal for investors.
• The footnotes indicate some of Galli’s holdings include restricted shares and unvested options with annual vesting—these are common compensation features and affect when additional shares become available to the insider.