Christopher Courtney - Dec 31, 2022 Form 4 Insider Report for Oak Valley Bancorp (OVLY)

Role
CEO, Director
Signature
/s/ Christopher M Courtney
Stock symbol
OVLY
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
4
Date filed
3/17/2023, 12:17 PM
Previous filing
Mar 22, 2022
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVLY Common Stock Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities +2.33K +1.09% 216K Dec 31, 2022 Direct F1, F2
transaction OVLY Common Stock Award +3.72K +1.72% 220K Feb 28, 2023 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Adjustment to holdings for shares acquired through 401k profit sharing plan in 2022.
F2 Shares acquired through company 401k plan. Purchase transactions occur under 10b5-1 purchase plan with various dates and pricing.
F3 Award of restricted stock to executive employee pursuant to Stock Incentive Plan.
F4 The restricted stock will vest 20% annually on the following dates: 2/28/2024 2/28/2025 2/28/2026 2/28/2027 2/28/2028
F5 Each restricted stock share that is unvested is subject to certain restrictions on disposition as well as certain forfeiture rights, which will lapse upon vesting.