Form 4: Oak Valley Bancorp Director Thomas Haidlen Ceases Section 16 Reporting Obligations
Insider Reporting Status Change
Oak Valley Bancorp Director Thomas A. Haidlen has filed a Form 4 indicating he is no longer subject to Section 16 reporting requirements, effective June 17, 2025.
Summary
- The filing is a U.S. Securities and Exchange Commission (SEC) Form 4, titled 'Statement of Changes in Beneficial Ownership'.
- The reporting person is Thomas A. Haidlen, identified as a Director of Oak Valley Bancorp (Ticker: OVLY).
- The primary purpose of this Form 4 is to indicate that Mr. Haidlen is no longer subject to Section 16 of the Securities Exchange Act of 1934.
- This means that, as of June 17, 2025, Mr. Haidlen will generally no longer be required to file Forms 3, 4, or 5 to report changes in his beneficial ownership of Oak Valley Bancorp securities, though certain obligations under Form 4 or Form 5 may continue as per Instruction 1(b).
- No transactions, such as acquisitions or dispositions of non-derivative or derivative securities, are reported in this specific filing.
Sentiment
Score: 5
Explanation: The filing is an administrative update indicating a director is no longer subject to Section 16 reporting requirements, with no reported transactions or direct financial implications for the company. It is neutral in sentiment.
Future Outlook
NA
Industry Context
This Form 4 filing is an administrative disclosure related to an insider's reporting obligations, which is a standard regulatory requirement for publicly traded companies in the financial industry. It does not provide insights into broader industry trends, competitive dynamics, or the operational performance of Oak Valley Bancorp, but rather reflects a change in an individual's reporting status under SEC regulations.
Stakeholder Impact
- Shareholders: Awareness of a director's change in SEC reporting status regarding their beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 06/17/2025 | Effective date for Thomas A. Haidlen no longer being subject to Section 16 reporting requirements and signature date of the filing. |
Keywords
SEC Form 4, Oak Valley Bancorp, OVLY, Thomas A Haidlen, Director, Section 16, Beneficial Ownership, Insider Reporting
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