Form 4: Avidbank CFO Oakes Granted Restricted Stock

Avidbank Holdings, Inc. EVP and CFO Patrick Timothy Oakes was granted 2,155 shares of restricted common stock under the company's 2022 Equity Incentive Plan.

Summary

• Patrick Timothy Oakes, Executive Vice President and Chief Financial Officer of Avidbank Holdings, Inc., acquired 2,155 shares of common stock.
• The transaction occurred on October 24, 2025.
• The shares were granted as restricted stock under the issuer's 2022 Equity Incentive Plan, as amended.
• The restricted stock is subject to a three-year cliff vesting schedule.
• Following this transaction, Patrick Timothy Oakes beneficially owns 36,933 shares of common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a key executive is a positive for aligning management incentives with shareholder interests, indicating confidence in future performance and executive retention. It is a standard, positive governance practice.

Positives

• The grant of restricted stock aligns the interests of the EVP, CFO with those of shareholders, incentivizing long-term performance.
• Equity compensation is a standard practice for retaining and motivating key executives.

Future Outlook

The three-year cliff vesting schedule for the restricted stock indicates a long-term incentive for the EVP, CFO, aligning his future performance with the company's success over that period.

Industry Context

The grant of restricted stock to a key executive is a common and widely accepted practice in the financial services industry, including banking, to align management's long-term interests with shareholder value creation and to ensure executive retention.

Comparison to Industry Standards

• This type of equity grant is a standard component of executive compensation packages across the financial sector, comparable to practices at regional banks and financial institutions of similar size.
• The use of a multi-year vesting schedule, specifically a three-year cliff vesting, is a common mechanism to promote long-term commitment and performance, mirroring incentive structures seen in companies like SVB Financial Group (prior to its collapse, for its equity incentive plans) or First Republic Bank (historically) for their executive compensation.

Related Party Transactions

• Grant of restricted stock to EVP, CFO Patrick Timothy Oakes, a related party, as part of his compensation under the company's 2022 Equity Incentive Plan.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of executive interests with long-term company performance.
• Employees: No direct impact on general employees mentioned in this filing.
• Management: The EVP, CFO receives additional equity compensation, incentivizing continued service and performance.

Next Steps

• The restricted stock will vest after a three-year period, subject to the terms of the 2022 Equity Incentive Plan.

Key Dates

Recommendation

The grant of restricted stock to the CFO aligns management's long-term interests with those of shareholders, which is a positive for corporate governance and executive retention. However, this single, expected compensation transaction is not significant enough to warrant a change in investment recommendation based solely on this filing, as it does not alter the fundamental outlook or financial performance of the company.

Keywords

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