MORDELL MARK DANIEL 4

What Happened
Mark Daniel Mordell, President, CEO and a director of Avidbank Holdings, Inc. (AVBH), had 845 restricted shares withheld by the issuer upon vesting on February 24, 2026. The shares were valued at $29.55 each (closing price on Feb 24), for a total of $24,966. This was a disposition to the issuer to satisfy tax withholding obligations tied to vested restricted stock—not an open-market sale.

Key Details

• Transaction date: 2026-02-24
• Transaction type: Disposition to issuer (withholding for taxes upon vesting) — 845 shares × $29.55 = $24,966 (footnotes say withholding based on closing price)
• Filing date: 2026-02-26 (filed within the typical 2-business-day window; not marked late)
• Shares owned after transaction: not specified in this Form 4 filing
• Footnotes: F1 = shares withheld upon vesting based on closing price on Feb 24, 2026; F2 = closing price reference

Context
Withholding shares to satisfy taxes on vested restricted stock is a routine administrative transaction and differs from an executive selling shares in the open market. Such withholdings generally do not signal a change in insider conviction the way discretionary sales or purchases might.