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Avidbank (AVBH) CFO Oakes reports 295-share issuer disposition on vesting

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

Rhea-AI Filing Summary

Avidbank Holdings EVP and CFO Patrick Timothy Oakes reported an issuer-related share disposition tied to restricted stock vesting. On February 23, 2026, 295 shares of common stock were withheld upon vesting, using a $29.67 closing share price. After this transaction, he directly owns 39,062 common shares.

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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).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Oakes Patrick Timothy

(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, CFO
3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
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 02/23/2026 D 295(1) D $29.67(2) 39,062 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 February 23, 2026.
2. Closing price of issuer's common stock on February 23, 2026.
Remarks:
/s/Shawn Zeagler, Attorney-in-fact for Patrick Timothy Oakes 02/24/2026
** 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 insider transaction did Avidbank Holdings (AVBH) report for Patrick Timothy Oakes?

Avidbank Holdings reported that EVP and CFO Patrick Timothy Oakes had 295 common shares withheld upon vesting of restricted stock. The shares were valued using the issuer’s February 23, 2026 closing price of $29.67 per share, reflecting an issuer disposition, not an open-market trade.

How many Avidbank (AVBH) shares were involved in Patrick Oakes’ latest Form 4 filing?

The Form 4 shows 295 Avidbank common shares were disposed of in an issuer transaction linked to restricted stock vesting. The withholding used a $29.67 per-share closing price on February 23, 2026, and was reported as a non-derivative disposition to the issuer.

What is Patrick Oakes’ Avidbank (AVBH) share ownership after this Form 4 transaction?

Following the reported disposition, Patrick Timothy Oakes directly holds 39,062 Avidbank common shares. This figure reflects his ownership after 295 restricted shares were withheld upon vesting at a $29.67 closing price on February 23, 2026, as disclosed in the Form 4 filing.

Was the Avidbank (AVBH) Form 4 transaction an open-market sale by Patrick Oakes?

No, the transaction was reported as a disposition to the issuer, not an open-market sale. Footnotes explain that 295 shares were withheld upon vesting of restricted common stock, based on Avidbank’s $29.67 closing price on February 23, 2026.

What price was used to value the shares in Patrick Oakes’ Avidbank (AVBH) Form 4?

The shares were valued at Avidbank’s $29.67 closing price on February 23, 2026. This price was used for the 295 common shares withheld upon vesting of restricted stock and is disclosed in a specific Form 4 footnote for valuation clarity.

What role does Patrick Timothy Oakes hold at Avidbank Holdings (AVBH) in this Form 4?

In the Form 4, Patrick Timothy Oakes is identified as Executive Vice President and Chief Financial Officer. He is not listed as a director or 10% owner, and the reported transaction involves directly held Avidbank common stock tied to restricted share vesting.
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