Kaiser Kevin Craig 4

What Happened

• Kevin Craig Kaiser, EVP and Chief Credit Officer of Plumas Bancorp (PLBC), exercised stock options on July 13, 2026. He acquired 1,400 shares at an exercise price of $21.45 per share, for a total cash outlay of $30,030. The filing also shows a related derivative disposition of 1,400 units at $0, reflecting conversion/surrender of the option instrument upon exercise.

Key Details

• Transaction date: 2026-07-13.
• Exercise (Form 4 code M): Acquired 1,400 shares @ $21.45 = $30,030.
• Related derivative entry: Disposed 1,400 @ $0 (represents conversion/surrender of the derivative).
• Footnote F1: Options were exercisable in four equal annual installments beginning October 21, 2020 (vesting schedule).
• Footnote F2: Notes an increase of 61 from the prior report on Form 3.
• Shares owned after the transaction: not specified in the excerpt of this filing.
• Filing timeliness: no late filing flag indicated in the provided data.

Context

• This was an exercise of options (derivative conversion), not an open-market purchase or sale. The presence of a $0 disposal line is typical when the derivative instrument is converted into shares. Exercises can be routine (vesting-driven) and do not necessarily signal a buy/sell market view.