4/A: Oak Valley Bancorp Director H. Randolph Holder Jr. Amends Filing to Clarify Indirect Ownership

H. Randolph Holder Jr., a director of Oak Valley Bancorp, amended a previous SEC filing to clarify that shares are held indirectly through Holder Enterprises LLC.

Summary

• H. Randolph Holder Jr., a director of Oak Valley Bancorp, filed an amendment to a Form 4, originally filed on February 27, 2024.
• The amendment clarifies that the reported common stock is held indirectly through Holder Enterprises LLC, not directly as initially indicated.
• On February 26, 2024, Holder acquired 21 shares of Common Stock at a price of $24.74 per share.
• Following the reported transaction, Holder beneficially owns 141,483 shares indirectly through Holder Enterprises, LLC.
• Holder disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest (33.33% ownership).

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The clarification of ownership structure is a positive sign of transparency.

Management Comments

• Mr. Holder disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest in the securities (i.e., he owns 33.33% of the LLC).

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The clarification of stock ownership provides transparency to shareholders.

Key Dates