ROSINUS MIKE 4
Research Summary
AI-generated summary
Avidbank (AVBH) Director Mike Rosinus Sells 2,499 Shares
What Happened
- Mike Rosinus, a director of Avidbank Holdings, Inc. (AVBH), sold 2,499 shares on March 2, 2026. The shares were disposed at $29.01 each, for a total transaction value of approximately $72,496. The filing indicates this was a sale (transaction code S), not a purchase.
Key Details
- Transaction date: 2026-03-02; Price: $29.01 per share; Total proceeds: ~$72,496.
- Filing date / Period of report: filed 2026-03-03, reporting period 2026-03-02 (appears timely).
- Shares owned after the transaction: not specified in the provided excerpt.
- Footnote: Shares are held directly by PTMR Capital Partners LP; Rosinus is sole member of the general partner entities and has sole voting and dispositive power over PTMR Capital’s holdings, but disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
- This was a routine sale of existing shares (not an option exercise or award). Sales do not necessarily indicate the director’s view on company prospects; they can be for diversification, liquidity, or other personal reasons. The filing was submitted promptly (next day), and the transaction involves shares held through an investment vehicle controlled by the reporting person, per the footnote.