Avidia Bancorp (AVBC) EVP/CRO Nicolas Karmelek Buys Stock

What Happened

• Nicolas Karmelek, EVP and Chief Risk Officer of Avidia Bancorp (AVBC), made two open‑market purchases of company stock in 2026. He bought 14 shares on 2026-02-25 at $18.92 ($265) and 19 shares on 2026-05-27 at $19.08 ($363), for a combined 33 shares costing roughly $628. These were purchases (code P), which are typically seen as insider buys rather than sales.

Key Details

• Transaction dates and prices:
  • 2026-02-25: 14 shares @ $18.92 = $265
  • 2026-05-27: 19 shares @ $19.08 = $363
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 states these transactions "reflect transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended."
• Timeliness: The Form 4 was filed on 2026-07-30, well after the trade dates, so this filing was made late (possible Section 16 delinquency).

Context

• The purchases are small dollar amounts (total ≈ $628), which may represent routine open‑market buying rather than a material insider accumulation. No options, gifts, or cashless exercises are involved. The late filing is a compliance/timing issue to note but does not itself indicate the trades' motivation.