Belstock Richard L 4

What Happened

• Richard L. Belstock, EVP and CFO of Plumas Bancorp (PLBC), reported exercising stock options on 2026-03-10. The filing shows he acquired 2,500 shares by exercising options at $31.00 per share (total cost $77,500).
• The same filing also lists 2,500 shares as disposed at $0.00 (also coded as an option exercise/derivative transaction). The filing does not state the reason for the $0.00 disposition; such entries commonly reflect share surrender for tax withholding or net-settlement related to the option exercise, but the form gives no explicit explanation.

Key Details

• Transaction date: 2026-03-10
• Acquired: 2,500 shares at $31.00 each (total $77,500)
• Disposed: 2,500 shares at $0.00 (derivative)
• Transaction code: M (option exercise/conversion)
• Footnote F1: "An increase of 81 from previous report on Form 4." (filing text; context not further specified)
• Footnote F2: Options are exercisable in five equal annual installments beginning August 16, 2023 (vesting schedule)
• Filing date equals the reported transaction date (2026-03-10), so the Form 4 appears timely

Context

• This was an options exercise (derivative conversion). The reported acquisition of shares is a purchase of common stock via option exercise. The simultaneous $0.00 disposition likely indicates shares were surrendered to cover taxes or exercise costs or a net settlement, but the filing does not specify which.
• Exercises and any resulting share surrenders are routine insider transactions and do not, by themselves, indicate the insider’s view of the company’s prospects.