GILLES MICHAEL O 4

What Happened
Michael O. Gilles, a director of Avidia Bancorp (AVBC), made open-market purchases of company stock on May 13 and May 14, 2026. Transactions reported: 3,000 shares at $19.50 ($58,500), 1,000 shares at $19.50 (reported net $19,496), and 1,000 shares at $19.50 ($19,500), for a total of 5,000 shares purchased for approximately $97,496. These were purchases (code P), which are generally viewed as a more bullish signal than sales, though filings do not state the insider’s motivations.

Key Details

• Transaction dates & prices: 2026-05-13 — 3,000 @ $19.50 and 1,000 @ $19.50 (net $19,496); 2026-05-14 — 1,000 @ $19.50.
• Total acquired: 5,000 shares for about $97,496.
• Transaction type: Open-market purchases (Form 4 code P).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing timeliness: Report filed 2026-05-15 for transactions on 2026-05-13 and 05-14; no late-filing flag indicated.
• No 10% owner status or special footnotes (e.g., 10b5-1) are indicated in the provided details.

Context
Director purchases can signal confidence by insiders, but they are one data point — consider company fundamentals, other insider activity, and market conditions. This is routine open-market buying by a director, not an option exercise or gift.