Oak Valley Bancorp (OVLY) Director Daniel J. Leonard Transfers 186 Shares

What Happened

• Daniel J. Leonard, a director of Oak Valley Bancorp (OVLY), reported a disposition/transfer of 186 shares on 2026-07-29. The filing lists the transaction code J (other acquisition or disposition) and shows no price or dollar value (N/A), consistent with a non-sale transfer.
• The filing’s footnote explains the shares were held in a custodial account for a grandchild and were converted to individual ownership because the child reached adult age. This is a transfer of ownership, not an open-market sale.

Key Details

• Transaction date: 2026-07-29; Form 4 filed: 2026-07-30 (timely filing).
• Transaction code: J (other acquisition or disposition); price and total value: N/A (no cash sale reported).
• Shares involved: 186 transferred.
• Shares owned after transaction: not specified in the public summary of this filing.
• Footnote: Custodial account for grandchild converted to individual ownership as the child is now an adult.
• No indication of a 10b5-1 plan, exercise, tax withholding, or sale-for-cash in this filing.

Context

• Transfers from custodial accounts to the beneficiary upon reaching majority are routine family or administrative actions and do not necessarily reflect the insider’s view on the company’s stock. Retail investors should treat this as an ownership transfer rather than a market-driven sale.