Avidbank (AVBH) President Dale Jonathan Michael Receives 15,625-Share Award

What Happened

• Dale Jonathan Michael, President of Avidbank Holdings, Inc. (AVBH), was granted 15,625 restricted shares (transaction code A) on 2026-09-15. The report shows an acquisition price of $0.00 per share (no cash paid by the insider). This is a stock award/compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-09-15; 15,625 shares acquired at $0.00 per share.
• Filing date: Form 4 filed 2026-09-17 for the 2026-09-15 transaction; no late filing is indicated in the record.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: Grant is restricted stock under the issuer’s 2022 Equity Incentive Plan and is subject to a three-year cliff vesting schedule (footnote F1). Footnote F2: N/A.

Context

• This was a compensation award (restricted stock). The three-year cliff vesting means none of these shares vest until the end of the three-year period (they are not immediately tradable by the insider). Such grants are routine for executives and reflect company compensation policy rather than an immediate buy or sell signal.