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Avidbank (AVBH) Insider Withholds 656 Shares Upon Vesting; Amended Form 4 Filed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

Geoffrey Evan Butner, EVP and Chief Credit Officer of Avidbank Holdings, Inc. (AVBH), filed an amended Form 4 disclosing a transaction on 09/20/2025 in the issuer's common stock. The filing shows 656 shares were disposed (Code F) as shares were withheld upon vesting of restricted common stock, using the closing price of $26.23 on 09/19/2025 to value the withholding. After this transaction he beneficially owned 32,522 shares on a direct basis. The amendment was signed by an attorney-in-fact on 09/23/2025.

Positive

  • Timely compliance: Amended Form 4 filed and properly signed by attorney-in-fact, indicating attention to reporting obligations.
  • Transaction type is routine: Shares withheld upon vesting to satisfy tax obligations rather than an open-market sale.

Negative

  • Reduction in direct holdings: 656 shares were withheld, decreasing beneficial ownership to 32,522 shares.

Insights

TL;DR: Routine tax-withholding on restricted stock; timely amended disclosure shows compliance with Section 16 reporting.

The Form 4/A records a disposition labelled Code F for 656 shares that were withheld upon vesting of restricted common stock and valued at $26.23 (closing price on 09/19/2025). This is a common mechanism to satisfy tax withholding obligations and is not a market sale initiated for liquidity. The filing is amended and signed by an attorney-in-fact, indicating care to correct or clarify the original report and maintain regulatory compliance.

TL;DR: Non-material insider share withholding disclosed; governance processes appear functioning.

The disclosure documents a post-vesting withholding event rather than a discretionary open-market sale. Such withholdings reduce the insider's share count by a modest amount (656 shares), leaving 32,522 shares beneficially owned. The amendment and attorney-in-fact signature suggest the company and reporting person are maintaining accurate insider transaction records, an important governance and disclosure practice.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BUTNER GEOFFREY EVAN

(Last) (First) (Middle)
1732 N 1ST STREET
6TH FLOOR

(Street)
SAN JOSE CA 95112

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Avidbank Holdings, Inc. [ AVBH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Credit Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
09/22/2025
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/20/2025 F 656(1) D $26.23(2) 32,522 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares withheld upon vesting of restricted common stock based on closing price of issuer's common stock on September 19, 2025.
2. Closing price of issuer's common stock on September 19, 2025.
Remarks:
/s/Shawn Zeagler, Attorney-in-fact for Geoffrey Evan Butner 09/23/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Geoffrey Evan Butner report on Form 4/A for AVBH?

The filing reports a disposition of 656 shares on 09/20/2025 due to shares being withheld upon vesting of restricted common stock.

At what price were the withheld shares in the AVBH Form 4/A valued?

The withheld shares were valued using the closing price of $26.23 on 09/19/2025.

How many AVBH shares does the reporting person own after the transaction?

After the reported transaction the reporting person beneficially owned 32,522 shares on a direct basis.

Who signed the amended Form 4 for Geoffrey Evan Butner and when?

The Form 4/A was signed by Shawn Zeagler, Attorney-in-fact for Geoffrey Evan Butner on 09/23/2025.

Does the Form 4/A indicate this was an open-market sale?

No. The filing characterizes the disposition as shares withheld upon vesting, not an open-market sale.
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