Oakes Patrick Timothy 4
Research Summary
AI-generated summary
Avidbank (AVBH) CFO Patrick Oakes Withholds 296 Shares
What Happened
- Patrick Timothy Oakes, EVP and CFO of Avidbank Holdings (AVBH), had 296 restricted common shares withheld by the issuer on February 14, 2026. The withholding was executed at $30.00 per share for a total value of $8,880. This was a disposition-to-issuer (tax withholding) rather than an open-market sale.
Key Details
- Transaction date: 2026-02-14; Filing date: 2026-02-18 (period of report 2/14/2026).
- Shares withheld: 296 at $30.00 per share; total = $8,880.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes: F1 — shares were withheld upon vesting of restricted common stock based on the issuer's closing price on Feb 13, 2026; F2 — $30.00 is the closing price on Feb 13, 2026.
- No late-filing flag was indicated in the supplied data.
Context
- This transaction is a routine tax-withholding event tied to the vesting of restricted stock, not an open-market sale by the insider. Such withholdings are common and typically reflect payroll/tax obligations rather than a change in the insider’s investment view.