DEMARCO VICTOR FRANCESCO E. 4

What Happened Victor DeMarco, EVP, Chief Legal Counsel and Secretary of Avidbank Holdings, was awarded 1,675 restricted shares on Feb 13, 2026. The Form 4 reports the acquisition price as $0.00 (award/grant), so no cash changed hands at grant. This is an equity award (not an open‑market purchase or sale).

Key Details

• Transaction date: 2026-02-13; Form filed: 2026-02-17 (filed within the SEC’s two-business-day deadline).
• Amount: 1,675 shares granted at $0.00 per share (transaction code A = Award/Grant).
• Shares owned after transaction: not stated in the provided filing excerpt.
• Footnotes: F1 — restricted stock granted under the issuer’s 2022 Equity Incentive Plan and is subject to a three‑year annual vesting schedule; F2 — N/A.
• No indication of tax withholding, 10b5-1 plan, or immediate sale in this filing.

Context Restricted stock grants are commonly used for retention and compensation; because these shares are subject to vesting, they do not represent immediately salable shares. This type of award is informational for investors but does not by itself indicate the insider is buying shares on the open market.