Avidbank (AVBH) Insider Sale: 656 Shares Disposed by EVP Butner
Rhea-AI Filing Summary
Geoffrey Evan Butner, EVP and Chief Credit Officer of Avidbank Holdings, Inc. (AVBH), reported a sale of 656 shares of the issuer's common stock on 09/20/2025, resulting in 32,522 shares beneficially owned after the transaction. The Form 4 was signed by an attorney-in-fact on 09/22/2025. The filing discloses a routine non-derivative disposition and does not include exercise or derivative activity.
Positive
- Reporting compliance: Form 4 filed and signed, showing adherence to Section 16 reporting requirements
- Continued ownership: Reporting person still beneficially owns 32,522 shares, indicating ongoing insider stake
Negative
- Disposition reported: Officer disposed of 656 shares on 09/20/2025, a reduction in insider holdings
Insights
TL;DR Insider sold a small number of shares, leaving material but not controlling ownership.
The 656-share sale represents a minor reduction in the reporting person’s stake, leaving 32,522 shares outstanding as beneficially owned. For most investors this is a routine personal disposition rather than a signal of company-level change. No derivatives or unusual transactions are reported. The transaction date and post-trade holdings are clearly stated, and the Form 4 is properly executed by an attorney-in-fact.
TL;DR Transaction appears routine and compliant with Section 16 reporting requirements.
The filing documents a direct disposition of common stock by an officer and includes signature by an authorized attorney-in-fact. There is no indication of a Rule 10b5-1 plan or other programmed sale in the form, and no derivative instruments are involved. Impact on governance or control is negligible given the size of the sale relative to typical insider holdings.