4/A: Avidbank CFO Reports Routine Stock Vesting Tax Withholding
Insider Transaction Report
Avidbank Holdings' EVP and CFO, Patrick Timothy Oakes, reported the withholding of 828 common shares for tax obligations related to restricted stock vesting.
Summary
- Patrick Timothy Oakes, EVP and CFO of Avidbank Holdings, Inc. (AVBH), reported a change in beneficial ownership.
- On September 20, 2025, 828 shares of common stock were disposed of.
- These shares were withheld to cover tax obligations upon the vesting of restricted common stock.
- The shares were valued at $26.23 each, based on the closing price on September 19, 2025.
- Following this transaction, Oakes beneficially owns 33,778 shares of Avidbank Holdings, Inc. common stock.
Sentiment
Score: 5
Explanation: The transaction is a routine tax withholding event related to executive compensation, which is neutral in its impact on the company's operational or financial performance.
Future Outlook
The filing details a future transaction scheduled for September 20, 2025, where 828 shares will be withheld for tax purposes upon the vesting of restricted common stock. This indicates a planned compensation event for the EVP, CFO.
Industry Context
This routine insider transaction, specifically tax withholding upon restricted stock vesting, is a common occurrence across all industries for executives receiving equity compensation. It does not reflect broader industry trends or competitive dynamics.
Stakeholder Impact
- Minimal impact on shareholders as it represents a routine compensation-related tax event for an executive.
- No direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 09/19/2025 | Closing price used for share valuation ($26.23). |
| 09/20/2025 | Date of common stock disposition due to tax withholding. |
| 09/22/2025 | Date of original filing (amended by this Form 4/A). |
| 09/23/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Avidbank Holdings, AVBH, Patrick Timothy Oakes, CFO, Insider Transaction, Form 4, Stock Vesting, Tax Withholding, Beneficial Ownership
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