Oakes Patrick Timothy 4

What Happened
Patrick Timothy Oakes, EVP and CFO of Avidbank Holdings, had 295 restricted common shares withheld upon vesting and disposed to the issuer on February 23, 2026. The shares were valued at the closing price of $29.67 per share, for a total of approximately $8,753. This was a withholding/surrender to cover tax obligations on vested restricted stock—not an open-market sale.

Key Details

• Transaction date: February 23, 2026; Form 4 filed February 24, 2026 (timely filing).
• Transaction type: Disposition to issuer (shares withheld upon vesting).
• Shares affected: 295 shares withheld; price used: $29.67 per share; total value ≈ $8,753.
• Footnotes: F1 — shares withheld upon vesting based on closing price on Feb 23, 2026; F2 — closing price reference.
• Shares owned after the transaction: Not specified in the provided filing excerpt.

Context
This is a routine tax-withholding event tied to the vesting of restricted stock awards. Such withholdings are administrative and do not necessarily indicate insider sentiment about the company.