Avidbank (AVBH) Insider Filing: 754 Shares Withheld for Taxes by EVP
Rhea-AI Filing Summary
Gina N. Thoma, EVP and COO of Avidbank Holdings (AVBH), reported a non‑derivative transaction on 09/20/2025. The filing shows 754 shares of common stock were disposed through withholding to satisfy tax obligations upon vesting of restricted stock, using a closing price of $26.23 to calculate the withholding. After the transaction the reporting person beneficially owns 30,882 shares directly. The Form 4/A indicates the report was amended and was submitted by an attorney‑in‑fact on behalf of the reporting person. The filing lists no derivative transactions.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine tax‑withholding of vested restricted stock; no new purchases or sales beyond the withholding, minimal investor impact.
The Form 4/A documents a common administrative action: shares were withheld to satisfy taxes upon vesting of restricted stock, with 754 shares withheld at a $26.23 closing price. This reduces the reporting person's direct share count to 30,882. There are no exercised options, open market trades, or new derivative positions disclosed. For investors, this is a non‑market transaction reflecting compensation mechanics rather than strategic buying or selling.
TL;DR: Administrative withholding on equity compensation; standard disclosure practice with limited governance implications.
The report identifies the reporting person as EVP and COO and shows withholding of shares upon vesting of restricted common stock. The use of an attorney‑in‑fact to file an amended Form 4/A is documented. This type of transaction is routine for executive compensation and does not signal a change in control, insider sentiment, or governance stance. No material governance concerns are evident from the filing alone.