Director-linked PTMR Capital trims Avidbank (AVBH) stake with 19,318-share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avidbank Holdings, Inc. director Mike Rosinus reported an indirect open-market sale related to 19,318 shares of Common Stock at $28.28 per share. The shares are held by PTMR Capital Partners LP, over which he has sole voting and dispositive power. Following the sale, indirect holdings reported were 64,915 shares, and a separate line reflects 16,680 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 19,318 shares ($546,313)
Net Sell
2 txns
Insider
ROSINUS MIKE
Role
Director
Sold
19,318 shs ($546K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 19,318 | $28.28 | $546K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 64,915 shares (Indirect, See Footnote 1);
Common Stock — 16,680 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Avidbank Holdings (AVBH) disclose on this Form 4?
Avidbank Holdings disclosed an indirect open-market sale tied to 19,318 shares of Common Stock at $28.28 per share. The transaction was reported by director Mike Rosinus and involved shares held through PTMR Capital Partners LP.
What are Mike Rosinus’s reported Avidbank (AVBH) holdings after the transaction?
After the reported sale, the Form 4 shows 64,915 Avidbank shares held indirectly and a separate line of 16,680 shares held directly. These figures reflect positions following the transaction date disclosed in the filing.
Does the Avidbank (AVBH) Form 4 include a beneficial ownership disclaimer?
Yes. The footnote states that Mike Rosinus disclaims beneficial ownership of Avidbank shares held by PTMR Capital Partners LP, except to the extent of his pecuniary interest, if any, even though he has sole voting and dispositive power over those shares.
Is the Avidbank (AVBH) insider sale on this Form 4 a derivative exercise?
No. The reported transaction involves Common Stock classified as a non-derivative open-market sale. The derivative section is empty, indicating no option or other derivative exercises were reported in this particular Form 4 filing.