Avidia Bancorp (AVBC) Director Michael O. Gilles Buys 3,000 Shares

What Happened
Michael O. Gilles, a director of Avidia Bancorp, acquired a total of 3,000 shares on May 15, 2026 through open‑market purchases (transaction code P). The three trades were: 1,000 shares at $19.12 ($19,121), 1,000 shares at $19.17 ($19,170), and 1,000 shares at $18.92 ($18,916), for an aggregate cost of approximately $57,207. Purchases like these are direct buys of company stock (code P), which investors often view as a more informative signal than routine insider sales.

Key Details

• Transaction date: May 15, 2026 (all three purchases)
• Prices and amounts: 1,000 @ $19.12 ($19,121); 1,000 @ $19.17 ($19,170); 1,000 @ $18.92 ($18,916)
• Total value: ≈ $57,207
• Transaction code: P = Purchase (open‑market purchase)
• Shares owned after transaction: Not reported in the Form 4 filing provided
• Filing timeliness: Form 4 was filed July 30, 2026 for May 15 trades — this is a late filing, which reduces near‑term transparency for investors

Context

• These were straightforward open‑market purchases (no options exercised, no awards, no gifts).
• Purchases by directors are factual disclosures of buying activity; they do not prove future performance but can be of interest to retail investors tracking insider confidence.
• The late filing (reported over two months after the trades) is a regulatory timing issue to note; late Form 4s delay public visibility into insider trading.