Avidia Bancorp Insider Purchase: 2,500 Shares Acquired by EVP
Rhea-AI Filing Summary
Avidia Bancorp insider purchase recorded on Form 4. Barry H. Jensen, EVP and Chief Administrative Officer and director, purchased 2,500 shares of Avidia Bancorp (AVBC) on 08/22/2025 at $14.945 per share. After the purchase he beneficially owns 17,500 shares directly and 100 shares indirectly through an LLC. The filing was signed by Victor L. Cangelosi pursuant to power of attorney on 08/26/2025.
Positive
- Insider purchase reported indicating an executive increased personal holdings by 2,500 shares
- Complete disclosure with transaction date, price ($14.945), and resulting ownership reported
Negative
- None.
Insights
TL;DR: Insider executive bought 2,500 shares at $14.945, modestly increasing direct ownership to 17,500 shares.
The transaction is a routine Section 16 filing documenting a small open-market purchase by an executive who is also a director. The purchase size (2,500 shares) and post-transaction direct holding (17,500 shares) are modest relative to typical institutional positions and likely do not materially change insider alignment with shareholders. The unit price of $14.945 is disclosed; no derivative activity or additional cash consideration beyond the per-share price is reported. The filing includes a power-of-attorney signature dated 08/26/2025.
TL;DR: Disclosure is complete for the reported non-derivative purchase and shows direct and indirect holdings.
The Form 4 properly reports the reporting person's relationship to the issuer (EVP and Chief Administrative Officer and director), transaction code, number of shares acquired, price, and resulting beneficial ownership split between direct and indirect holdings. There is no amendment indicated and no derivative securities reported, suggesting a straightforward open-market purchase without an associated plan disclosed on this form.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,500 | $14.945 | $37K |
| holding | Common Stock | -- | -- | -- |