ROSINUS MIKE 4

What Happened
Mike Rosinus, a director of Avidbank Holdings, sold 11,602 shares on February 18, 2026, at an average price of $30.22 per share for proceeds of $350,612. The filing describes the transaction as an "open market or private sale." This is a sale (disposition) of existing shares rather than a purchase or option exercise.

Key Details

• Transaction date: 2026-02-18; filing date: 2026-02-19.
• Shares sold: 11,602 at $30.22 each; total proceeds reported $350,612.
• Transaction type: Sale (S). The filing labels it "open market or private sale."
• Shares owned after the transaction: Not specified in this Form 4 filing.
• Footnote: The sold shares are held directly by PTMR Capital Partners LP. Rosinus is sole member of the general partner entities and disclaims beneficial ownership except for any pecuniary interest (per footnote F1).
• Timeliness: Filed the day after the reported transaction (no late‑filing flag noted in the filing).

Context
Sales by directors can be routine (portfolio rebalancing, tax/liquidity needs) and do not by themselves indicate company performance. Note that these shares were held via PTMR Capital Partners LP with Rosinus having voting/dispositive power per the footnote; the filing disclaims broader beneficial ownership except to the extent of any pecuniary interest.