Oak Valley Bancorp (OVLY) Director Daniel J. Leonard Buys 125 Shares

What Happened Daniel J. Leonard, a director of Oak Valley Bancorp (OVLY), acquired 125 shares in an open-market purchase on 2026-09-28 at $34.03 per share, for a total cost of approximately $4,254. This was a purchase (code P), which is generally viewed as a direct acquisition of stock rather than a sale or derivative transaction.

Key Details

• Transaction date and price: 2026-09-28, 125 shares at $34.03 each.
• Transaction value: ~ $4,254 total.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: Transaction executed under a Section 10b5-1(c) purchase plan (F1); the 10b5-1 plan was adopted 04-28-2026 (F2).
• Filing timeliness: Form filed 2026-09-29 for a 2026-09-28 transaction (appears timely, not marked late).

Context This was a straightforward open-market purchase executed under a pre-established 10b5-1 plan, which allows insiders to buy shares according to a preset schedule and can reduce the appearance of opportunistic timing. Purchases are often more informative to retail investors than routine sales, but the existence of a 10b5-1 plan means the trade followed predetermined instructions rather than necessarily reflecting new private views on the company.