AVBH Form 4/A: CFO 828 Shares Withheld at $26.23 — Ownership Update
Avidbank Holdings, Inc. (AVBH): This amended Form 4 reports that Patrick Timothy Oakes, EVP and CFO, had 828 shares withheld upon vesting of restricted common stock on 09/20/2025.
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Rhea-AI Filing Summary
Avidbank Holdings, Inc. (AVBH): This amended Form 4 reports that Patrick Timothy Oakes, EVP and CFO, had 828 shares withheld upon vesting of restricted common stock on 09/20/2025. The shares were withheld at a closing price of $26.23 (closing price on 09/19/2025), leaving 33,778 shares beneficially owned directly after the transaction. The filing is signed by an attorney-in-fact on behalf of Mr. Oakes on 09/23/2025.
Insights
TL;DR: Routine tax-withholding on vested restricted shares; no material change to ownership stake.
The report documents a common administrative action: 828 restricted shares were withheld to satisfy tax obligations at a closing price of $26.23, reducing the executive's holdings to 33,778 shares. This does not indicate a voluntary sale or trading strategy and is not a cash liquidity event that materially alters insider ownership percentage or control.
TL;DR: Standard compliance disclosure for share withholding upon vesting; governance practices appear routine.
The Form 4/A correctly discloses the withholding of vested restricted stock and identifies the reporting person as EVP and CFO. Filing was executed by an attorney-in-fact and amended on 09/22/2025, with signature dated 09/23/2025. The disclosure aligns with Section 16 reporting obligations and reflects customary executive compensation settlement procedures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 828 | $26.23 | $22K |
Footnotes (2)
- F1. Shares withheld upon vesting of restricted common stock based on closing price of issuer's common stock on September 19, 2025.
- F2. Closing price of issuer's common stock on September 19, 2025.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Patrick Timothy Oakes report on Form 4/A for AVBH?
What is Patrick Oakes' role at Avidbank Holdings as listed on the Form 4/A?
When was the Form 4 amendment signed and who signed it?
AI-generated analysis. How Rhea-AI works. Not financial advice.