Gerald Lee Nies, a director of Riverview Bancorp Inc, filed a Form 144 notice on November 2, 2026, disclosing a proposed sale of 70,000 shares of common stock on NASDAQ:RVSB.

Key Highlights

  • Seller: Gerald Lee Nies, identified as a Director of Riverview Bancorp Inc.
  • Shares proposed for sale: 70,000 shares of common stock, with an aggregate market value of $429,800.00.
  • Shares outstanding: 19,953,186 shares of common stock reported as outstanding.
  • Original acquisition: The 70,000 shares were acquired on October 30, 2025, via open market purchase from the issuer, with cash payment on the same date.
  • Broker: Charles Schwab Corp., 3000 Schwab Way, Westlake, TX 76262, listed as the executing broker.
  • No sales in past 3 months: The filing reports nothing to disclose under securities sold during the past three months.
  • Approximate sale date: November 2, 2026, on the NASDAQ exchange.

Details of Nies's Proposed Common Stock Sale at Riverview Bancorp

According to the Form 144 filing, Gerald Lee Nies, a director of Riverview Bancorp Inc (NASDAQ:RVSB), notified the SEC on November 2, 2026, of his intent to sell 70,000 shares of the company's common stock. The filing lists the aggregate market value of the proposed sale at $429,800.00, with 19,953,186 shares of common stock reported as outstanding at the time of the notice.

The filing indicates the 70,000 shares were acquired on October 30, 2025, through an open market purchase from the issuer, paid in full in cash on that same date. The remarks section of the filing states: "Client said shares were open market purchases made in various tranches over the course of the past 15 years (none in the last 12 months, though)." The proposed transaction is to be executed through Charles Schwab Corp., located in Westlake, Texas.

The filing reports no securities of Riverview Bancorp sold by Nies in the three months preceding this notice. The signatory, Gerald Lee Nies, represented by signing the notice that he "does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed," as stated in the filing's attestation language.

What Was Disclosed

Riverview Bancorp director Gerald Lee Nies filed a Form 144 on November 2, 2026, proposing to sell 70,000 common shares with an aggregate market value of $429,800.00, acquired via open market purchase on October 30, 2025, through Charles Schwab Corp. on NASDAQ.