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Avidbank (AVBH) director receives 1,500-share restricted stock award under 2022 plan

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

Rhea-AI Filing Summary

VERISSIMO MARC J reported acquisition or exercise transactions in this Form 4 filing.

Avidbank Holdings, Inc. director Marc J. Verissimo received a grant of 1,500 shares of common stock. The award was made at a stated price of $0.00 per share and increases his direct holdings to 19,444 shares after the transaction. The footnotes state that this is restricted stock granted under the company’s 2022 Equity Incentive Plan, subject to a one year annual vesting schedule, meaning the shares vest over time rather than all at once.

Positive

  • None.

Negative

  • None.
Insider VERISSIMO MARC J
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,500 $0.00 --
Holdings After Transaction: Common Stock — 19,444 shares (Direct, null)
Footnotes (1)
  1. Restricted stock granted pursuant to the issuer's 2022 Equity Incentive Plan, as amended, subject to a one year annual vesting schedule N/A
Restricted stock grant 1,500 shares Common stock award to director Marc J. Verissimo
Grant price $0.00 per share Stated price for restricted stock award
Holdings after transaction 19,444 shares Direct common stock held after grant
Vesting schedule One year annual vesting Restricted stock under 2022 Equity Incentive Plan
Restricted stock financial
"Restricted stock granted pursuant to the issuer's 2022 Equity Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2022 Equity Incentive Plan financial
"granted pursuant to the issuer's 2022 Equity Incentive Plan, as amended"
vesting schedule financial
"subject to a one year annual vesting schedule"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
Grant, award, or other acquisition regulatory
"transaction code description: Grant, award, or other acquisition"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
VERISSIMO MARC J
(Last)(First)(Middle)
1732 N 1ST STREET
6TH FLOOR
(Street)
SAN JOSE CALIFORNIA 95112
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Avidbank Holdings, Inc. [ AVBH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock(1)05/19/2026A1,500A$0(2)19,444D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted stock granted pursuant to the issuer's 2022 Equity Incentive Plan, as amended, subject to a one year annual vesting schedule
2. N/A
Remarks:
/s/Shawn Zeagler, Attorney-in-fact for Marc J Verissimo05/21/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Avidbank (AVBH) report for Marc J. Verissimo?

Avidbank reported that director Marc J. Verissimo received a grant of 1,500 shares of common stock. The Form 4 shows this was an acquisition as a grant or award, not an open-market purchase or sale.

At what price were the 1,500 Avidbank (AVBH) shares granted to the director?

The 1,500 shares of Avidbank common stock were granted at a stated price of $0.00 per share. This indicates a restricted stock award given as compensation rather than a market transaction at a trading price.

How many Avidbank (AVBH) shares does Marc J. Verissimo hold after this grant?

After the 1,500-share restricted stock grant, Marc J. Verissimo directly holds 19,444 shares of Avidbank common stock. This total reflects his position immediately following the reported acquisition on the Form 4.

What plan governs the restricted stock granted to the Avidbank (AVBH) director?

The restricted stock was granted under Avidbank’s 2022 Equity Incentive Plan, as amended. According to the footnote, the award is subject to a one year annual vesting schedule, meaning the shares vest over a defined period.

Is the Avidbank (AVBH) Form 4 transaction a purchase or a compensation grant?

The transaction is a compensation grant, not a market purchase. The Form 4 identifies the code as “A” for grant, award, or other acquisition, and footnotes describe it as restricted stock under the 2022 Equity Incentive Plan.