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Avidbank (AVBH) EVP Victor DeMarco surrenders 158 shares for tax withholding

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

Rhea-AI Filing Summary

Avidbank Holdings EVP and Chief Legal Counsel Victor Francesco E. DeMarco reported a small share disposition to the company. On the vesting of restricted common stock, 158 shares of Avidbank common stock were withheld and disposed to the issuer at a price of $29.545 per share to cover obligations tied to the vesting. Following this withholding, DeMarco directly owns 16,440 shares of Avidbank common stock.

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SEC Form 4
FORM 4 UNITED 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*
DEMARCO VICTOR FRANCESCO E.

(Last) (First) (Middle)
1732 N 1ST STREET
6TH FLOOR

(Street)
SAN JOSE CA 95112

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Avidbank Holdings, Inc. [ AVBH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Legal Counsel, Secy
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 02/24/2026 D 158(1) D $29.545(2) 16,440 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares withheld upon vesting of restricted common stock based on closing price of issuer's common stock on February 24, 2026.
2. Closing price of issuer's common stock on February 24, 2026.
Remarks:
/s/Shawn Zeagler, Attorney-in-fact for Victor Francesco E. DeMarco 02/26/2026
** Signature of Reporting Person Date
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.

FAQ

What insider transaction did Avidbank Holdings (AVBH) report for Victor DeMarco?

Avidbank Holdings reported that EVP and Chief Legal Counsel Victor Francesco E. DeMarco had 158 common shares withheld and disposed to the issuer upon vesting of restricted stock, using a price of $29.545 per share based on the February 24, 2026 closing price.

Was the AVBH insider transaction an open-market sale of shares?

No, the AVBH insider transaction was not an open-market sale. The 158 Avidbank common shares were withheld upon vesting of restricted stock and disposed to the issuer, based on the $29.545 closing price on February 24, 2026, typically for tax-related withholding.

How many Avidbank (AVBH) shares does Victor DeMarco own after this Form 4 transaction?

After the reported transaction, Victor Francesco E. DeMarco directly owns 16,440 shares of Avidbank common stock. This reflects his holdings after 158 shares were withheld and disposed to the issuer in connection with the vesting of restricted common stock on February 24, 2026.

What price was used for the AVBH shares withheld in Victor DeMarco’s Form 4?

The withheld Avidbank shares were valued at $29.545 per share. This price represents the closing price of Avidbank’s common stock on February 24, 2026, as referenced in the Form 4 footnotes describing the restricted stock vesting and related share disposition.

What does the disposition to issuer code 'D' mean in the AVBH Form 4?

In this AVBH Form 4, transaction code D indicates a disposition to the issuer. Here, 158 shares were withheld upon vesting of restricted stock and delivered back to Avidbank, commonly used to satisfy tax or similar obligations without an open-market sale.

What role does Victor DeMarco hold at Avidbank Holdings (AVBH) in this Form 4?

In this Form 4, Victor Francesco E. DeMarco is identified as an officer of Avidbank Holdings, serving as EVP, Chief Legal Counsel, and Secretary. The reported transaction reflects his personal, direct ownership of Avidbank common stock after restricted stock vesting.
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