Oakes Patrick Timothy 4

What Happened Patrick Timothy Oakes, Executive Vice President and Chief Financial Officer of Avidbank Holdings, had 374 restricted common shares disposed to the issuer (withheld) upon vesting on February 24, 2026. The shares were valued at the closing price of $29.55, resulting in proceeds of $11,050. This was a withholding to cover tax obligations tied to equity vesting rather than an open-market sale.

Key Details

• Transaction date: 2026-02-24; filing date: 2026-02-26 (filed within the standard 2-business-day Form 4 window).
• Transaction type/code: Disposition to issuer (D) — shares withheld upon vesting (footnote F1).
• Price used: $29.55 (closing price on 2026-02-24; footnote F2).
• Shares disposed: 374; reported value: $11,050.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 = shares withheld upon vesting based on closing price; F2 = closing price on Feb 24, 2026.
• Timing: Report appears timely (filed two days after the transaction).

Context Withholding shares at vesting to cover tax obligations is a common, routine administrative transaction and does not necessarily indicate a change in the insider’s view of the company. For retail investors, purchases or large open-market sales tend to be more informative about insider sentiment; withholding for taxes is primarily a bookkeeping action tied to compensation.