ROSINUS MIKE 4

What Happened

• Mike Rosinus, a director of Avidbank Holdings, Inc. (AVBH), disposed of 4,262 shares on February 19, 2026. The shares were sold at $29.57 per share for gross proceeds of $126,027. The Form 4 describes the transaction as an "open market or private sale" (code S), which is a sale of existing shares rather than a purchase or option exercise.

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-20 (filed the next day).
• Price and amount: 4,262 shares sold at $29.57 per share; proceeds ≈ $126,027.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The sold shares are held directly by PTMR Capital Partners LP. Rosinus is the sole member of the general partner entities (PTMR GP, LLC and TRF Partners LLC) and has sole voting and dispositive power over PTMR Capital’s shares, but he disclaims beneficial ownership except to the extent of any pecuniary interest (per footnote F1).
• No 10b5‑1 plan, tax withholding, option exercise, or late filing was indicated in the filing.

Context

• This was a straightforward sale of existing shares (not an exercise or stock award). Sales by insiders can be routine (diversification or liquidity) and do not by themselves indicate management’s view of the company’s prospects. The filing shows an institutional holding structure (PTMR Capital) with Rosinus controlling the GP entities, which can affect how ownership and control are interpreted.