ROSINUS MIKE 4/A

What Happened

Mike Rosinus, a director of Avidbank Holdings, sold 10,000 shares on February 20, 2026 at $29.89 per share, generating proceeds of $298,900. The transaction is reported as a sale (code S) and the filing was amended to correct the originally reported share amount and price.

Key Details

• Transaction date: 2026-02-20; Price: $29.89; Shares sold: 10,000; Proceeds: $298,900.
• Filing: Amended Form 4 filed 2026-02-26 to correct the share amount and share price previously reported.
• Shares owned after transaction: Reporting person directly holds 16,680 shares as of the reporting date.
• Ownership structure note: The sold shares were held directly by PTMR Capital Partners LP (an entity controlled by Rosinus). Rosinus states he disclaims beneficial ownership of those shares except to the extent of any pecuniary interest.
• Timeliness: The Form 4 was filed six days after the trade date; this appears later than the usual 2-business-day reporting requirement.

Context

• This was a sale (not a purchase or option exercise), which is often routine insider liquidity rather than a signal of company prospects.
• The sale involved an affiliated investment vehicle (PTMR Capital); for large insiders, transactions through entities can reflect portfolio management rather than direct personal share sales.
• No indication of option exercises, 10b5-1 plan, gift, or tax-withholding in the filing.