Galli Joseph S 4

What Happened
Joseph S. Galli, a director of BV Financial, sold a total of 11,202 shares in open-market/private sales on June 11 and June 12, 2026, for aggregate proceeds of approximately $222,198. The filing reports a weighted-average price and the individual trade prices in the filing ranged roughly between $19.80 and $20.23 per share (the filing states the weighted-average price and that sales occurred at multiple prices within that range). These transactions are sales (not purchases) and are typically treated as liquidity events rather than affirmative bullish buys.

Key Details

• Transaction dates: June 11–12, 2026. Report filed: June 15, 2026 (timely per Form 4 rules).
• Shares sold: 11,202 shares; total proceeds ≈ $222,198.
• Price range reported (per footnote): $19.80 to $20.23; the filing shows a weighted-average price and commits to provide a per-price breakdown on request (Footnote F1).
• Shares owned after the transaction: not specified in the provided excerpt of the filing — see the full Form 4 for post-sale holdings.
• Footnotes of note:
  • F1: Weighted-average price reported; seller will provide full breakdown of quantities at each sale price on request.
  • F2/F3: Filing notes that holdings include restricted stock and stock options that vest 25% per year beginning September 6, 2025.

Context

• These were disposals (code S) rather than purchases or option exercises. The filing does not indicate an exercise-and-sell (cashless exercise) scenario.
• Sales by directors are common for diversification or liquidity; the filing itself does not explain motivation. For full holdings, vesting schedules, or details on whether any trades were made under a 10b5-1 plan, consult the complete Form 4 and company disclosures.