Avidia Bancorp EVP buys 1,220 shares
Avidia Bancorp, Inc. executive Nicolas Karmelek, EVP and Chief Risk Officer, made an open-market purchase of Common Stock.
Rhea-AI Filing Summary
Avidia Bancorp, Inc. executive Nicolas Karmelek, EVP and Chief Risk Officer, made an open-market purchase of Common Stock. He bought 1,220 shares at $20.76 per share, bringing his direct holdings to 7,705 shares.
The filing also shows indirect holdings of 1,096 shares held by an ESOP and 21,871 shares held in a 401(k) plan. A footnote explains that related plan transactions were not required to be reported under Section 16, indicating these entries primarily update his reported indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,220 shares
Net Buy
3 txns
Insider
Karmelek Nicolas
Role
EVP and CRO
Bought
1,220 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,220 | $20.76 | $25K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,705 shares (Direct);
Common Stock — 21,871 shares (Indirect, By 401(k));
Common Stock — 1,096 shares (Indirect, By ESOP)
Footnotes (1)
- F1. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
Key Figures
Shares purchased: 1,220 shares
Purchase price: $20.76 per share
Direct holdings after trade: 7,705 shares
+2 more
5 metrics
Shares purchased
1,220 shares
Open-market purchase of Common Stock on 2026-04-28
Purchase price
$20.76 per share
Price paid for the 1,220 purchased shares
Direct holdings after trade
7,705 shares
Common Stock directly owned by Nicolas Karmelek after purchase
Indirect ESOP holdings
1,096 shares
Common Stock held indirectly by ESOP
Indirect 401(k) holdings
21,871 shares
Common Stock held indirectly by 401(k) plan
Key Terms
open-market purchase, ESOP, 401(k), Section 16
4 terms
open-market purchase financial
"He bought 1,220 shares at $20.76 per share in an open-market purchase."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ESOP financial
"The filing also shows indirect holdings of 1,096 shares held by an ESOP."
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(k) financial
"and 21,871 shares held in a 401(k) plan."
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
Section 16 regulatory
"A footnote explains that related plan transactions were not required to be reported under Section 16."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Avidia Bancorp (AVBC) report for Nicolas Karmelek?
Avidia Bancorp reported that EVP and CRO Nicolas Karmelek bought 1,220 shares of Common Stock. The open-market purchase was at $20.76 per share and increased his direct ownership to 7,705 shares, according to the Form 4 insider filing.
What indirect Avidia Bancorp (AVBC) holdings are reported for Nicolas Karmelek?
The Form 4 shows 1,096 AVBC shares held indirectly through an ESOP and 21,871 shares held indirectly via a 401(k). A footnote notes that related plan transactions were not required to be reported under Section 16, indicating the entries mainly update ownership totals.
Does the Avidia Bancorp (AVBC) Form 4 mention Section 16 reporting details?
Yes. A footnote states the filing reflects transactions not required to be reported under Section 16 of the Securities Exchange Act of 1934. This clarifies that certain ESOP and 401(k) activities are shown only to update Nicolas Karmelek’s reported indirect ownership positions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
