Avidia Bancorp Insider Report: CEO Acquires 3,436 Shares (AVBC)
Rhea-AI Filing Summary
Robert D. Cozzone, President & CEO and director of Avidia Bancorp (AVBC), reported insider transactions on Form 4. The filing shows an acquisition of 3,436 shares of Avidia common stock on 08/13/2025 at a price of $14.5516 per share, increasing reported beneficial ownership to 6,946 shares held indirectly through a 401(k). The filing also records a separate disposition of 1,000 shares. The report was signed on 08/15/2025 by an authorized agent.
Positive
- Insider purchase disclosed: CEO acquired 3,436 shares at $14.5516, indicating management ownership interest.
- Proper disclosure and signature: Form 4 was signed by an authorized agent on 08/15/2025.
Negative
- None.
Insights
TL;DR: CEO reported a net acquisition of company stock, modest in size but signals management ownership.
The Form 4 discloses a purchase of 3,436 common shares at $14.5516 and a disposition of 1,000 shares, resulting in 6,946 shares beneficially owned indirectly via a 401(k). For an investor-focused securities analyst, this is a routine Section 16 filing showing insider activity by the President & CEO. The absolute sizes are small relative to typical market-capitalization impacts, so this is informational rather than material to valuation models.
TL;DR: Insider transaction is disclosed and properly signed; no governance red flags apparent from this filing.
The report lists the reporting person as both an officer (President & CEO) and a director and shows transactions executed on 08/13/2025 with the Form 4 filed/signed on 08/15/2025 by an authorized attorney-in-fact. The transactions include an acquisition and a separate disposition; the filing includes an indirect ownership disclosure (401(k)). There are no amendments, unusual codes, or unexplained derivative positions noted in the document.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,436 | $14.5516 | $50K |
| holding | Common Stock | -- | -- | -- |