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Avidbank (AVBH) EVP DeMarco has 124 restricted shares withheld to issuer

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

Rhea-AI Filing Summary

Avidbank Holdings, Inc. executive Victor Francesco E. DeMarco, EVP and Chief Legal Counsel, reported a disposition of 124 shares of common stock at $29.67 per share on February 23, 2026. According to footnotes, these shares were withheld upon vesting of restricted stock based on the closing price. After this tax-related withholding, he directly holds 16,598 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*
DEMARCO VICTOR FRANCESCO E.

(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 Legal Counsel, Secy
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 124(1) D $29.67(2) 16,598 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 Victor Francesco E. DeMarco 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 did Avidbank Holdings (AVBH) insider Victor DeMarco report on this Form 4?

Victor Francesco E. DeMarco reported a disposition of 124 shares of Avidbank Holdings common stock. The shares were withheld by the issuer upon vesting of restricted stock, using the closing price on February 23, 2026, rather than sold in an open-market transaction.

Was the AVBH insider transaction a market sale of shares?

No, the transaction was not an open-market sale. Footnotes state the 124 shares were withheld upon vesting of restricted common stock, based on Avidbank’s February 23, 2026 closing price, indicating a tax-withholding type disposition back to the issuer instead of a discretionary share sale.

At what price were the 124 Avidbank (AVBH) shares withheld?

The 124 common shares were withheld at $29.67 per share. Footnotes clarify this amount reflects the closing price of Avidbank Holdings’ common stock on February 23, 2026, which was used to determine the value of the shares withheld upon vesting of restricted stock.

How many Avidbank (AVBH) shares does Victor DeMarco hold after this transaction?

After the transaction, Victor Francesco E. DeMarco directly holds 16,598 Avidbank common shares. This figure reflects his ownership following the issuer’s withholding of 124 shares on February 23, 2026, in connection with the vesting of restricted common stock awards.

What is the role of Victor DeMarco at Avidbank Holdings (AVBH)?

Victor Francesco E. DeMarco serves as Executive Vice President, Chief Legal Counsel, and Secretary at Avidbank Holdings, Inc. His Form 4 filing reports changes in his direct ownership of Avidbank common stock, including tax-related dispositions tied to restricted stock vesting.

Why were Avidbank (AVBH) shares withheld from Victor DeMarco’s vesting award?

The filing notes shares were withheld upon vesting of restricted common stock based on Avidbank’s closing price on February 23, 2026. Such withholdings typically satisfy tax obligations by returning a portion of vested shares to the issuer instead of requiring a separate cash payment.
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