Form 4: Avidbank CEO Mordell Reports Routine Stock Vesting Tax Withholding

Avidbank Holdings, Inc. CEO Mark Daniel Mordell reported the disposition of 845 shares of common stock at $29.545 per share due to tax withholding upon restricted stock vesting.

Summary

• Mark Daniel Mordell, President and CEO of Avidbank Holdings, Inc. (AVBH), reported a transaction involving the company's common stock.
• On February 24, 2026, 845 shares of common stock were disposed of.
• This disposition was due to shares being withheld upon the vesting of restricted common stock to cover tax obligations.
• The shares were valued at the closing price of $29.545 per share on the transaction date.
• Following this transaction, Mark Daniel Mordell beneficially owns 236,387 shares of Avidbank Holdings, Inc. common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is a non-discretionary transaction related to tax obligations upon restricted stock vesting, which is a common occurrence for executives receiving equity compensation.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that insider transaction reports, such as Form 4 filings, are standard disclosures required by the SEC for officers, directors, and significant shareholders. This specific transaction, involving tax withholding upon restricted stock vesting, is a routine event and does not typically reflect a discretionary investment decision by the insider.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and represents a small fraction of the insider's total holdings and the company's outstanding shares.

Key Dates

Keywords

Avidbank Holdings, AVBH, Mark Daniel Mordell, Insider Transaction, Form 4, Stock Vesting, Tax Withholding, Common Stock