Avidbank director granted 1,500 restricted shares
BIORN KRISTOFER W. reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
Grant/Award: 1,500 shares
Grant/Award
3 txns
Insider
BIORN KRISTOFER W.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,500 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,000 shares (Direct);
Common Stock — 34,982 shares (Indirect, See Footnote 2);
Common Stock — 26,033 shares (Indirect, See Footnote 1)
Footnotes (4)
- F1. Restricted stock granted pursuant to the issuer's 2022 Equity Incentive Plan, as amended, subject to a one year annual vesting schedule
- F2. N/A
- F3. 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.
- F4. 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.
Key Figures
Restricted stock grant: 1,500 shares
Direct holdings after grant: 3,000 shares
Biorn Family Trust holdings: 26,033 shares
+2 more
5 metrics
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
Key Terms
Restricted stock, 2022 Equity Incentive Plan, vesting schedule, Biorn Family Trust, +2 more
6 terms
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
