Avidbank (AVBH) Form 4/A: Restricted Stock Withheld by CEO
Rhea-AI Filing Summary
Mark Daniel Mordell, President & CEO and a director of Avidbank Holdings, Inc. (AVBH), amended a Form 4 to report a disposition of common stock on 09/20/2025. The filing shows 1,216 shares were disposed (transaction code F), with shares withheld upon vesting of restricted stock based on the issuer's closing price of $26.23 on September 19, 2025. After the reported transaction, the filing lists 228,693 shares beneficially owned directly. The signature on the amendment is by an attorney-in-fact dated 09/23/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: An amended Form 4 records a routine withholding of shares to satisfy tax/vesting obligations by the CEO/director, leaving substantial direct ownership.
The report documents a disposition of 1,216 shares via withholding upon restricted stock vesting, using transaction code F, with the per-share reference price equal to the prior trading day's close of $26.23. The filing confirms continued direct beneficial ownership of 228,693 shares, and it is signed by an attorney-in-fact. This appears to be an administrative action related to compensation vesting rather than an active open-market sale, and the amendment corrects or clarifies the original Form 4.
TL;DR: The transaction is a typical vesting-related withholding reported on an amended Form 4, showing no new derivative activity.
The Form 4/A lists only a non-derivative disposition tied to restricted stock vesting; there are no entries in the derivative table. The use of an amendment suggests the original filing was updated for accuracy. From an insider-trading disclosure perspective, the filing provides the necessary details: date, code, number of shares, reference price, and post-transaction holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,216 | $26.23 | $32K |
Footnotes (1)
- Shares withheld upon vesting of restricted common stock based on closing price of issuer's common stock on September 19, 2025. Closing price of issuer's common stock on September 19, 2025.