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