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Director Kristofer Biorn (AVBH) receives 1,500 restricted Avidbank shares under 2022 plan

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

Rhea-AI Filing Summary

BIORN KRISTOFER W. reported acquisition or exercise transactions in this Form 4 filing.

Avidbank Holdings, Inc. director Kristofer W. Biorn reported an award of 1,500 shares of common stock as restricted stock granted at a price of $0.00 per share. These shares were granted under the company’s 2022 Equity Incentive Plan and are subject to a one-year annual vesting schedule.

Following this grant, Biorn holds 3,000 shares of common stock directly. He also has indirect holdings of 26,033 shares through the Biorn Family Trust, where he and his spouse serve as trustees, and 34,982 shares through the Crist Biorn Shepherd & Roskoph 401(k) Profit Sharing Plan FBO Kristofer Biorn, where he has sole voting and dispositive power.

Positive

  • None.

Negative

  • None.
Insider BIORN KRISTOFER W.
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,500 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 3,000 shares (Direct, null); Common Stock — 34,982 shares (Indirect, See Footnote 2)
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 Shares held by the Biorn Family Trust of which the Reporting Person and his spouse are the trustees and may be deemed to share voting and dispositive power over such shares. Shares held by the Crist Biorn Shepherd & Roskoph 401(k) Profit Sharing Plan FBO Kristofer Biorn. Reporting Person has sole voting and dispositive power with respect to such shares.
Restricted stock grant 1,500 shares Common Stock award at $0.00 per share
Direct holdings after grant 3,000 shares Common Stock held directly by Kristofer W. Biorn
Biorn Family Trust holdings 26,033 shares Common Stock held by Biorn Family Trust
401(k) plan holdings 34,982 shares Common Stock held by Crist Biorn Shepherd & Roskoph 401(k) Profit Sharing Plan FBO Kristofer Biorn
Vesting period One year Annual vesting schedule for restricted stock
Restricted stock financial
"Restricted stock granted pursuant to the issuer's 2022 Equity Incentive Plan, as amended, subject to a one year annual vesting schedule"
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
"Restricted stock granted pursuant to the issuer's 2022 Equity Incentive Plan, as amended, subject to a one year annual vesting schedule"
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.
Biorn Family Trust financial
"Shares held by the Biorn Family Trust of which the Reporting Person and his spouse are the trustees"
401(k) Profit Sharing Plan financial
"Shares held by the Crist Biorn Shepherd & Roskoph 401(k) Profit Sharing Plan FBO Kristofer Biorn"
dispositive power financial
"may be deemed to share voting and dispositive power over such shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
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*
BIORN KRISTOFER W.
(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)3,000D
Common Stock34,982ISee Footnote 2(3)
Common Stock26,033ISee Footnote 1(4)
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
3. Shares held by the Biorn Family Trust of which the Reporting Person and his spouse are the trustees and may be deemed to share voting and dispositive power over such shares.
4. Shares held by the Crist Biorn Shepherd & Roskoph 401(k) Profit Sharing Plan FBO Kristofer Biorn. Reporting Person has sole voting and dispositive power with respect to such shares.
Remarks:
/s/Shawn Zeagler, Attorney-in-fact for Kristofer W Biorn05/21/2026
** 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 did Avidbank Holdings (AVBH) director Kristofer Biorn report in this Form 4?

Kristofer W. Biorn reported receiving 1,500 shares of Avidbank common stock as a restricted stock grant. The award was made at $0.00 per share and increased his direct holdings to 3,000 shares after the transaction.

How do the new restricted shares for AVBH’s Biorn vest?

The 1,500 restricted shares granted to Kristofer W. Biorn vest under a one-year annual vesting schedule. This means the stock is subject to time-based restrictions before it becomes fully owned and freely transferable by the director.

What are Kristofer Biorn’s total direct holdings in Avidbank (AVBH) after this filing?

After the reported restricted stock grant, Kristofer W. Biorn directly holds 3,000 shares of Avidbank common stock. This figure reflects his direct ownership only and excludes shares held indirectly through trusts or retirement plans mentioned in the filing.

What indirect Avidbank (AVBH) holdings are associated with Kristofer Biorn?

Indirectly, 26,033 shares are held by the Biorn Family Trust, where Biorn and his spouse share voting and dispositive power, and 34,982 shares are held by the Crist Biorn Shepherd & Roskoph 401(k) Profit Sharing Plan FBO Kristofer Biorn, over which he has sole voting and dispositive power.

Was the AVBH restricted stock grant to Biorn an open-market purchase?

No, the 1,500 shares reported were granted as restricted stock under Avidbank’s 2022 Equity Incentive Plan at $0.00 per share. This reflects a compensation-related award rather than an open-market purchase or sale of existing shares.

Which equity plan governed the AVBH restricted stock grant to Kristofer Biorn?

The restricted stock grant to Kristofer W. Biorn was made under Avidbank Holdings’ 2022 Equity Incentive Plan, as amended. This plan provides the framework for equity-based compensation awards such as restricted stock to directors and other eligible participants.