Form 4: Oak Valley Bancorp Director Danny Titus Files Form 4 Indicating Cessation of Section 16 Obligations

Oak Valley Bancorp Director Danny L. Titus has filed a Form 4 indicating he is no longer subject to Section 16 reporting obligations, effective June 17, 2025.

Summary

• Danny L. Titus, a Director of Oak Valley Bancorp (OVLY), filed a Form 4 with the U.S. Securities and Exchange Commission.
• The filing indicates that Mr. Titus is no longer subject to Section 16 of the Securities Exchange Act of 1934, which mandates reporting of beneficial ownership changes by company insiders.
• The form was signed and dated on June 17, 2025, which is also listed as the date of the earliest transaction, signifying the effective date of the cessation of reporting obligations.
• No transactions involving the acquisition or disposition of non-derivative or derivative securities were reported in the filing's tables.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing indicating a change in an insider's reporting status, with no direct positive or negative implications for the company's financial performance or outlook.

Future Outlook

The document does not provide forward-looking statements regarding Oak Valley Bancorp's financial performance or strategic direction. It only indicates a change in the reporting person's regulatory obligations, noting that Form 4 or Form 5 obligations may continue under specific circumstances as per Instruction 1(b).

Industry Context

This filing is a routine regulatory compliance document for public companies and their insiders. It reflects a change in an individual's reporting status under U.S. securities law rather than a strategic or operational update for Oak Valley Bancorp. Such filings are common when an insider's ownership stake falls below a certain threshold or their role changes, removing them from Section 16 requirements.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a procedural filing indicating a change in an insider's reporting status rather than a transaction or operational update.
• Regulatory Authorities: Provides updated information on an insider's reporting obligations, ensuring compliance with Section 16 of the Securities Exchange Act of 1934.

Next Steps

• Form 4 or Form 5 obligations for Danny L. Titus may continue under specific circumstances, as per Instruction 1(b) of the SEC regulations.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Insider Trading, Oak Valley Bancorp, OVLY, Danny L. Titus, Director, Section 16