Avidbank Holdings (AVBH) director-linked fund sells 56,882 shares at $27.41
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avidbank Holdings director Mike Rosinus, through investment entity PTMR Capital Partners LP, reported an open-market sale of 56,882 shares of Common Stock at $27.41 per share. After this indirect sale, the filing shows 80 shares held indirectly and 16,680 shares held directly of Avidbank Holdings stock.
The footnote explains that the shares sold were held by PTMR Capital, whose general partners are PTMR GP, LLC and TRF Partners LLC. Rosinus is the sole member of both entities and has sole voting and dispositive power over PTMR Capital’s shares, while disclaiming beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 56,882 shares ($1,559,136)
Net Sell
2 txns
Insider
ROSINUS MIKE
Role
Director
Sold
56,882 shs ($1.56M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 56,882 | $27.41 | $1.56M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 80 shares (Indirect, See Footnote 1);
Common Stock — 16,680 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Avidbank Holdings (AVBH) report for Mike Rosinus?
Avidbank Holdings reported that director Mike Rosinus, via PTMR Capital Partners LP, sold 56,882 shares of Common Stock at $27.41 per share. The transaction was an open-market sale and left 80 shares held indirectly and 16,680 shares held directly.
Was the Avidbank Holdings (AVBH) transaction by Mike Rosinus a buy or sell?
The transaction was a sale of 56,882 shares of Avidbank Holdings Common Stock in an open-market transaction. It is coded as an “S” transaction, which indicates a sale in the open market or a private transaction under SEC Form 4 rules.
What does the transaction code on the Avidbank Holdings (AVBH) Form 4 mean?
The Form 4 uses transaction code “S,” described as a sale in the open market or private transaction. This code confirms that the 56,882 Avidbank Holdings shares associated with PTMR Capital were disposed of through a standard sale rather than a grant, gift, or option exercise.