4/A: Avidbank Executive's Stock Vesting Tax Withholding
Insider Transaction Report
Avidbank Holdings EVP Victor DeMarco reported a routine withholding of 439 shares for tax purposes following restricted stock vesting.
Summary
- Victor Francesco E. DeMarco, EVP, Chief Legal Counsel, and Secretary of Avidbank Holdings, Inc. (AVBH), reported a transaction on September 20, 2025.
- The transaction involved the disposition of 439 shares of common stock, which were withheld to cover tax obligations upon the vesting of restricted common stock.
- The shares were valued at $26.23 per share, based on the closing price of the issuer's common stock on September 19, 2025.
- Following this transaction, Victor Francesco E. DeMarco beneficially owns 13,662 shares of Avidbank Holdings, Inc. common stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary insider transaction (tax withholding upon restricted stock vesting) which has a neutral impact on company sentiment.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4/A filing, which reports a past insider transaction.
Industry Context
This Form 4/A reports a routine insider transaction related to restricted stock vesting and tax withholding. It does not provide sufficient information to analyze broader industry trends or competitive positioning within the banking sector.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes related to executive compensation. No direct impact on employees, customers, suppliers, or creditors is indicated.
Key Dates
| Date | Description |
|---|---|
| 09/19/2025 | Closing price of issuer's common stock used for valuation of withheld shares. |
| 09/20/2025 | Date of earliest transaction (shares withheld upon vesting of restricted common stock). |
| 09/22/2025 | Date of original Form 4 filing, which this Form 4/A amends. |
| 09/23/2025 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Avidbank Holdings, AVBH, Insider Transaction, Form 4/A, Restricted Stock, Tax Withholding, Victor DeMarco
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