Oak Valley Bancorp — Director's Dealing 2023

Mar 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Oak Valley Bancorp (OVLY)
CIK: 0001431567
Period of Report: 2022-12-31

Reporting Person: McCarty Richard A. (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-31	Common Stock	I	1620	—	Acquired	45403	Direct
2023-02-28	Common Stock	A	2628	—	Acquired	48031	Direct
2023-02-28	Common Stock	F	148	—	Disposed	47883	Direct
2023-02-28	Common Stock	F	205	—	Disposed	47678	Direct
2023-02-28	Common Stock	F	172	—	Disposed	47506	Direct
2023-02-28	Common Stock	F	212	—	Disposed	47294	Direct
2023-02-28	Common Stock	F	214	—	Disposed	47080	Direct

Footnotes

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: 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

F4: Award of restricted stock to executive employee pursuant to Stock Incentive Plan.

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.

F6: Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2018 vested 2/28/2023

F7: Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2019 vested 2/28/2023

F8: Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2020 vested 2/28/2023

F9: Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2021 vested 2/28/2023

F10: Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2022 vested 2/28/2023