SEC filing confirms director's open-market stock purchase increased his direct stake by nearly 319 percent.
CVB Financial Corp director Mike Maddox purchased 10,000 shares of the company's common stock on August 31, 2026, in an open-market transaction valued at approximately $220,300, according to a Form 4 filing with the U.S. Securities and Exchange Commission. The purchase raised Maddox's direct ownership stake to 13,138 shares of the NASDAQ-listed bank holding company, which trades under the ticker CVBF.
Transaction Details and SEC Filing
The Form 4 filing shows Maddox bought the shares at an average price of $22.03 each, using transaction code "P" to denote a purchase for his direct account. The SEC record lists no derivative securities or indirect holdings involved in the trade. According to insider-tracking service InsiderSignal.ai, the purchase represented a 318.67% increase in Maddox's stake in CVB Financial, suggesting his prior direct holdings totaled roughly 3,138 shares before the transaction. Multiple financial data providers, including StockTitan, MarketBeat, Investing.com and GuruFocus, independently reported identical figures for shares purchased, price, total value and post-trade ownership, all tracing back to the same underlying SEC record.
GuruFocus, an investment research platform, described the purchase as an "open-market purchase" reflecting what it characterized as a "clear accumulation strategy," noting that Maddox had purchased 10,000 shares and sold none over the trailing twelve months, making this his only reported insider transaction in that period.
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Stock Performance and Broader Insider Activity
Investing.com reported that CVBF shares had gained roughly 22% year-to-date at the time of the purchase and were trading near a 52-week high of $23.41, meaning Maddox bought shares close to their recent peak rather than at a discount. MarketBeat's insider trading tracker for CVB Financial also lists other recent insider purchases at the company, including transactions by Brien Raymond V O III and George A. Borba Jr., indicating Maddox's purchase occurred amid broader insider buying activity at the firm over the past two years.
No statements from Maddox or CVB Financial Corp regarding the rationale for the purchase were included in the SEC filing or subsequent market coverage. The transaction remains classified as routine insider buying, with no regulatory concerns noted by any reporting source.
