16,175 Avidbank (AVBH) shares sold by entity linked to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Avidbank Holdings, Inc. director Mike Rosinus reported an indirect open-market sale of 16,175 shares of common stock at $29.05 per share by PTMR Capital Partners LP, an entity he controls. After the sale, he indirectly held 109,739 shares and directly held 16,680 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,175 shares ($469,884)
Net Sell
2 txns
Insider
ROSINUS MIKE
Role
Director
Sold
16,175 shs ($470K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,175 | $29.05 | $470K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 109,739 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 an indirect open-market sale of 16,175 common shares linked to director Mike Rosinus. The sale was executed at $29.05 per share through PTMR Capital Partners LP, an entity over which he has sole voting and dispositive power.
Was the Avidbank (AVBH) insider sale by Mike Rosinus direct or indirect?
The 16,175-share sale was reported as an indirect transaction. The shares are held by PTMR Capital Partners LP, whose general partners are entities solely owned by Mike Rosinus, giving him voting and dispositive power over those shares as described in the footnote.
What does the Form 4 footnote reveal about Mike Rosinus’s ownership in AVBH?
The footnote explains that the sold shares are held by PTMR Capital Partners LP, with general partners controlled by Mike Rosinus. He has sole voting and dispositive power but disclaims beneficial ownership except to the extent of his pecuniary interest in those Avidbank shares.
How many Avidbank (AVBH) insider sales are reported in this Form 4?
This Form 4 reports one indirect sale transaction of 16,175 Avidbank common shares. It also shows a separate direct holding line of 16,680 shares, which reflects ownership after the transaction rather than an additional buy or sell event.