Oak Valley Bancorp — Director's Dealing 2024

Mar 8, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Oak Valley Bancorp (OVLY)
CIK: 0001431567
Period of Report: 2023-12-31

Reporting Person: Stephens Gary (EVP Commercial Banking)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-31	Common Stock	I	1027	—	Acquired	28918	Direct
2024-02-28	Common Stock	A	5000	—	Acquired	33918	Direct
2024-02-28	Common Stock	A	1262	—	Acquired	35180	Direct
2024-02-28	Common Stock	F	97	—	Disposed	35083	Direct
2024-02-28	Common Stock	F	119	—	Disposed	34964	Direct
2024-02-28	Common Stock	F	107	—	Disposed	34857	Direct
2024-02-28	Common Stock	F	88	—	Disposed	34769	Direct

Footnotes

F1: Adjustment to holdings for shares acquired through 401k profit sharing plan in 2023.

F2: Shares acquired through company 401k plan. Purchase transactions occur under 10b5-1 purchase plan with various dates and pricing.

F3: 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.

F4: The restricted stock will vest 20% annually on the following dates:

2/28/2025
2/28/2026
2/28/2027
2/28/2028
2/28/2029

F5: Award of restricted stock to executive employee pursuant to Stock Incentive Plan.

F6: Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2020 vested 2/28/2024

F7: Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2021 vested 2/28/2024

F8: Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2022 vested 2/28/2024

F9: Shares surrendered to satisfy tax liability on restricted stock issued 2/28/2023 vested 2/28/2024