THOMA GINA N. 4

What Happened
Gina N. Thoma, Executive Vice President and Chief Operating Officer of Avidbank Holdings, reported a disposition to the issuer on Feb 23, 2026 in which 270 shares were withheld upon the vesting of restricted common stock. The withholding was executed at the closing price of $29.67 per share, for a total value of $8,011. This was a tax-withholding transaction tied to RSU vesting — not an open-market sale.

Key Details

• Transaction date: 2026-02-23; Filing date: 2026-02-24 (filed the next day, which is within the standard two-business-day Form 4 reporting window).
• Price: $29.67 per share; Total value: $8,011.
• Shares involved: 270 shares withheld (disposition to issuer; transaction code D).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — shares withheld upon vesting of restricted common stock based on the closing price on Feb 23, 2026; F2 — confirms the closing price used.
• Accession number: 0001443575-26-000053 (SEC Form 4).

Context
Withholding shares to cover tax withholding on vested RSUs is a routine administrative action and does not represent an open-market sale or a directional bet on the stock. For retail investors, purchases are typically more informative of insider confidence; tax-withholding dispositions generally reflect compensation settlement and tax obligations rather than trading intent.