Form 4: Avidbank CFO Oakes Granted 1,000 Restricted Shares

Avidbank Holdings, Inc.'s EVP and CFO, Patrick Timothy Oakes, was granted 1,000 shares of restricted common stock.

Summary

• Patrick Timothy Oakes, Executive Vice President and Chief Financial Officer of Avidbank Holdings, Inc. (AVBH), acquired 1,000 shares of common stock.
• The transaction occurred on September 30, 2025, and was a grant of restricted stock.
• The shares were granted at a price of $0 per share, indicating they are part of an equity compensation plan.
• The restricted stock is subject to a three-year cliff vesting schedule, pursuant to the issuer's 2022 Equity Incentive Plan, as amended.
• Following this transaction, Patrick Timothy Oakes beneficially owns 34,778 shares of common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a key executive is generally a positive event as it aligns management's interests with shareholders and aids in executive retention. It is a routine compensation event, not indicative of extraordinary performance or issues, hence a moderately positive score.

Positives

• The grant of restricted stock aligns the interests of the EVP and CFO with those of the shareholders, incentivizing long-term performance.
• Equity compensation is a standard practice for executive retention and motivation within the financial industry.

Negatives

• The issuance of new shares, even restricted, can result in minor dilution for existing shareholders, though this is typical for equity incentive plans.

Future Outlook

The filing indicates a three-year cliff vesting schedule for the granted restricted stock, suggesting a long-term incentive structure for the executive.

Industry Context

Equity incentive plans, including restricted stock grants with vesting schedules, are a common and widely accepted component of executive compensation packages across the banking and financial services industry. These plans are designed to attract, retain, and motivate key executives by aligning their financial interests with the long-term performance and shareholder value creation of the company.

Comparison to Industry Standards

• Equity incentive plans, particularly those with multi-year vesting schedules, are a standard component of executive compensation packages across the banking industry, aligning management interests with shareholder value creation.
• This grant is consistent with typical long-term incentive structures seen in regional banks of similar size and market capitalization to Avidbank Holdings, Inc., such as Pacific Premier Bancorp (PPBI) or Western Alliance Bancorporation (WAL), which frequently utilize restricted stock units or options as part of their executive compensation.

Related Party Transactions

• Grant of restricted stock to an executive officer (EVP, CFO) as a standard component of executive compensation under the company's 2022 Equity Incentive Plan.

Stakeholder Impact

• Shareholders: Potential for increased alignment of executive interests with long-term shareholder value, balanced by minor share dilution.
• Employees (Executive): Provides a long-term incentive and retention mechanism for the EVP and CFO.

Next Steps

• The granted restricted stock will vest after a three-year cliff vesting schedule, as per the 2022 Equity Incentive Plan.

Key Dates

Recommendation

This Form 4 reports a routine equity grant to an executive, which is a standard component of compensation and does not provide new information to alter the fundamental investment thesis for Avidbank Holdings, Inc. Investors should consider broader financial performance and market conditions rather than this specific insider transaction for investment decisions.

Keywords

Avidbank Holdings, AVBH, Patrick Timothy Oakes, Restricted Stock, Equity Grant, Insider Transaction, Form 4, Executive Compensation, CFO