Form 4: Avidbank Executive Sells Shares for Tax Withholding

Avidbank Holdings executive Victor DeMarco sold 158 shares of common stock at $29.545 per share following the vesting of restricted stock.

Summary

• Victor Francesco E. DeMarco, EVP, Chief Legal Counsel, and Secretary of Avidbank Holdings, Inc. (AVBH), reported a transaction on February 24, 2026.
• The transaction involved the disposal of 158 shares of Avidbank Holdings, Inc. common stock.
• The shares were sold at a price of $29.545 per share.
• The disposal was due to shares being withheld upon the vesting of restricted common stock to cover tax obligations.
• Following this transaction, Victor Francesco E. DeMarco beneficially owns 16,440 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale of shares was for tax withholding purposes related to restricted stock vesting, a common and expected part of executive compensation.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into executive stock ownership changes. This specific transaction, a sale for tax withholding upon restricted stock vesting, is a common occurrence and generally not indicative of a change in management's long-term view of the company.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a routine sale for tax withholding purposes related to executive compensation.

Key Dates

Recommendation

The filing details a routine insider transaction where an executive sold a small number of shares to cover tax obligations upon the vesting of restricted stock. This is a non-discretionary sale and does not reflect a change in the executive's or the company's fundamental outlook, thus not warranting a change in investment recommendation based solely on this filing.

Keywords

Avidbank Holdings, AVBH, Form 4, Insider Transaction, Stock Sale, Restricted Stock, Executive Compensation