Martin S. Friedman - Oct 27, 2022 Form 3 Insider Report for RIVERVIEW BANCORP INC (RVSB)

Role: 10%+ Owner
Signature: Martin Friedman
Stock symbol: RVSB
Transactions as of: Oct 27, 2022
Transactions value $: $0
Form type: 3
Date filed: 11/1/2022, 10:39 AM
Previous filing: Jun 27, 2022
Next filing: Aug 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	RVSB	Common Stock						$1.94M	Oct 27, 2022	Direct	F1, F2
holding	RVSB	Common Stock						$237K	Oct 27, 2022	See footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	Martin S. Friedman (the "Reporting Person") is the managing member of FJ Capital Management LLC ("FJ Capital"), which is the managing member of and investment adviser to Financial Opportunity Fund LLC ("FOF") and sub-investment adviser to Bridge Equities XI, LLC ("Bridge"), each of which beneficially owns 1,936,721 and 236,848 shares (collectively, the "Shares") of the common stock of Riverview Bancorp, Inc. (the "Issuer"), respectively. On October 28, 2022, the Issuer filed its second quarter earnings release. Upon review of the release, FJ Capital discovered that the Issuer had completed a stock repurchase which resulted in FJ Capital's beneficial ownership of the shares of the Issuer exceeding the 10% beneficial ownership threshold for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16").
F2	The Reporting Person, in his capacity as Managing Member of FJ Capital, has voting and dispositive power of the Shares held by FOF and voting power of the Shares held by Bridge. As such, the Reporting Person may be deemed to be a beneficial owner of the Shares reported herein. The Reporting Person disclaims beneficial ownership of the Shares reported herein and this report shall not be deemed an admission of beneficial ownership of such Shares by the Reporting Person for purposes of Section 16 or for any other purpose.

Content

Martin S. Friedman (the "Reporting Person") is the managing member of FJ Capital Management LLC ("FJ Capital"), which is the managing member of and investment adviser to Financial Opportunity Fund LLC ("FOF") and sub-investment adviser to Bridge Equities XI, LLC ("Bridge"), each of which beneficially owns 1,936,721 and 236,848 shares (collectively, the "Shares") of the common stock of Riverview Bancorp, Inc. (the "Issuer"), respectively. On October 28, 2022, the Issuer filed its second quarter earnings release. Upon review of the release, FJ Capital discovered that the Issuer had completed a stock repurchase which resulted in FJ Capital's beneficial ownership of the shares of the Issuer exceeding the 10% beneficial ownership threshold for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16").

The Reporting Person, in his capacity as Managing Member of FJ Capital, has voting and dispositive power of the Shares held by FOF and voting power of the Shares held by Bridge. As such, the Reporting Person may be deemed to be a beneficial owner of the Shares reported herein. The Reporting Person disclaims beneficial ownership of the Shares reported herein and this report shall not be deemed an admission of beneficial ownership of such Shares by the Reporting Person for purposes of Section 16 or for any other purpose.