Form 4: Avidbank CFO Reports Routine Stock Vesting Transaction

Avidbank Holdings' EVP and CFO, Patrick Timothy Oakes, reported a disposal of 295 common shares related to the vesting of restricted stock.

Summary

• Patrick Timothy Oakes, Executive Vice President and Chief Financial Officer of Avidbank Holdings, Inc. (AVBH), reported a transaction on February 23, 2026.
• The transaction involved the disposal of 295 shares of common stock.
• These shares were withheld upon the vesting of restricted common stock to cover tax obligations.
• The shares were disposed of at a price of $29.67 per share, which was the closing price of the issuer's common stock on the transaction date.
• Following this transaction, Patrick Timothy Oakes beneficially owns 39,062 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a routine, non-discretionary insider transaction related to tax withholding upon restricted stock vesting, which is a common occurrence and typically does not indicate a change in company fundamentals or insider sentiment.

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 the withholding of shares upon restricted stock vesting to cover tax liabilities is a standard and routine event for executives receiving equity compensation, common across various industries.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in the insider's investment thesis or company performance.

Key Dates

Keywords

Avidbank Holdings, AVBH, Form 4, Insider Transaction, Stock Vesting, CFO, Patrick Timothy Oakes, Restricted Stock