Form 4: Avidbank COO Gina Thoma Granted 1,000 Restricted Shares

Avidbank Holdings, Inc. EVP and COO Gina N. Thoma was granted 1,000 shares of restricted common stock, vesting in three years.

Summary

• Gina N. Thoma, Executive Vice President and Chief Operating Officer of Avidbank Holdings, Inc. (AVBH), acquired 1,000 shares of Common Stock.
• The transaction date for this acquisition was September 30, 2025.
• The shares were acquired at a price of $0 per share, indicating a grant rather than a purchase.
• The grant consists of restricted stock issued 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, Gina N. Thoma beneficially owns 31,882 shares of Common Stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a key executive is generally a positive signal for management alignment and retention, though it represents a routine compensation event rather than a significant new development.

Positives

• The grant of 1,000 restricted shares to EVP, COO Gina N. Thoma aligns her interests with those of the company's shareholders.
• This equity grant is part of the company's 2022 Equity Incentive Plan, demonstrating ongoing efforts to incentivize and retain key executives.

Future Outlook

The restricted stock grant is subject to a three-year cliff vesting schedule, indicating a long-term incentive for the EVP, COO and a commitment to her continued service.

Industry Context

The grant of restricted stock to a key executive is a common practice in the financial services industry, including community banking, used to align management incentives with long-term shareholder value and to retain talent.

Comparison to Industry Standards

• Restricted stock grants with multi-year vesting schedules are a standard component of executive compensation packages across various industries, including banking, designed to promote long-term retention and performance.
• The specific size of this grant (1,000 shares) for an EVP, COO role would typically be evaluated against peer companies of similar size and market capitalization within the regional banking sector to assess its competitiveness, though such comparative data is not provided in this filing.

Stakeholder Impact

• Shareholders: Potential positive impact through enhanced executive alignment with long-term company performance and improved retention of key management.
• Employees: This is a standard executive compensation practice and does not directly impact the broader employee base.

Next Steps

• The 1,000 restricted shares granted to Gina N. Thoma will vest on September 30, 2028, assuming continued employment.

Key Dates

Recommendation

This Form 4 reports a routine restricted stock grant to a key executive, which is a standard compensation practice. It does not provide new information that would significantly alter the investment thesis for Avidbank Holdings, Inc., thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Avidbank, AVBH, Gina Thoma, insider transaction, Form 4, restricted stock, equity grant, executive compensation