Charmaine Lightheart - 01 Jan 2025 Form 3 Insider Report for RIVERVIEW BANCORP INC (RVSB)

Role: EVP/CRDEO
Signature: /s/ Charmaine Lightheart
Issuer symbol: RVSB
Transactions as of: 01 Jan 2025
Net transactions value: $0
Form type: 3
Filing time: 10 Jan 2025, 17:34:19 UTC
Next filing: 03 Jun 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	RVSB	Common Stock						6,474	01 Jan 2025	Direct	F1, F2
holding	RVSB	Common Stock						88	01 Jan 2025	Shares held by the ESOP

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reporting Person was granted an award of performance based restricted stock covering a target of 1,374 shares. Pursuant to time-based vesting requirements, 50% of this award is scheduled to vest on November 9, 2025 and 50% on November 9, 2026, subject to continued service requirements through such date. In addition, the number of shares subject to the restricted stock may be decreased down to 0, based on whether the Company attains specified levels of the Company's total Earnings Per Share over the period of April 1, 2023 through March 31, 2024. Also, the Reporting Person has 152 shares held directly.
F2	In addition, the Reporting Person was granted a second award of performance based restricted stock covering a target of 4,948 shares. Pursuant to time-based vesting requirements, 50% of this award is scheduled to vest on July 10, 2026 and 50% on July 10, 2027, subject to continued service requirements through such date. In addition, the number of shares subject to the restricted stock may be decreased down to 0, based on whether the Company attains specified levels of the Company's total Earnings Per Share over the period of April 1, 2024 through March 31, 2025.

Content

Reporting Person was granted an award of performance based restricted stock covering a target of 1,374 shares. Pursuant to time-based vesting requirements, 50% of this award is scheduled to vest on November 9, 2025 and 50% on November 9, 2026, subject to continued service requirements through such date. In addition, the number of shares subject to the restricted stock may be decreased down to 0, based on whether the Company attains specified levels of the Company's total Earnings Per Share over the period of April 1, 2023 through March 31, 2024. Also, the Reporting Person has 152 shares held directly.

In addition, the Reporting Person was granted a second award of performance based restricted stock covering a target of 4,948 shares. Pursuant to time-based vesting requirements, 50% of this award is scheduled to vest on July 10, 2026 and 50% on July 10, 2027, subject to continued service requirements through such date. In addition, the number of shares subject to the restricted stock may be decreased down to 0, based on whether the Company attains specified levels of the Company's total Earnings Per Share over the period of April 1, 2024 through March 31, 2025.