DEMARCO VICTOR FRANCESCO E. 4

What Happened
Victor DeMarco, EVP, Chief Legal Counsel and Secretary of Avidbank Holdings, had 124 shares of restricted common stock disposed to the issuer on February 23, 2026. The shares were withheld at $29.67 per share, totaling approximately $3,679. This was a disposition to the issuer to satisfy tax withholding obligations upon vesting, not an open-market sale.

Key Details

• Transaction date: 2026-02-23; Price: $29.67 per share; Total value: ~$3,679.
• Transaction type: Disposition to issuer (D) — shares withheld to cover taxes upon vesting.
• Footnotes: F1 — shares withheld upon vesting based on closing price on Feb 23, 2026; F2 — $29.67 is the closing price on Feb 23, 2026.
• Shares owned after transaction: not disclosed in the summary provided.
• Filing: Form 4 filed 2026-02-24 for the 2026-02-23 transaction (appears to be timely).

Context
Tax-withholding dispositions on vesting are routine and are recorded as a disposition to the issuer; they do not indicate an open-market sale and are generally not taken as a signal of management sentiment. Purchases are typically more informative about insider conviction than withholding events like this one.