Karmelek Nicolas 4/A

What Happened
Nicolas Karmelek, Executive Vice President and Chief Risk Officer of Avidia Bancorp (AVBC), acquired 1,209 shares on April 28, 2026 in an open-market/private purchase at $20.76 per share, for a total transaction value of roughly $25,099. This was a purchase (P), which investors often view as a more informative, potentially bullish signal than routine sales. The filing on this transaction was amended and submitted on May 5, 2026.

Key Details

• Transaction date: 2026-04-28
• Transaction type: Purchase (P) — open market or private purchase
• Price and size: 1,209 shares at $20.76 per share; total ≈ $25,099
• Filing: Amended Form 4 filed 2026-05-05 (the filing was submitted after the typical 2-business-day window)
• Shares owned after transaction: Not disclosed in the provided filing excerpt
• Footnote F1: "Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended." (included in the filing)

Context
Purchases by officers can signal confidence in the company, but they are not proof of future performance. The filing was amended and appears to have been filed late relative to the usual 2-business-day SEC deadline; investors should note timeliness when assessing reporting quality. The footnote indicates the reported transaction has a carve-out under Section 16 reporting rules as stated in the filing.