ROSINUS MIKE 4

What Happened
Mike Rosinus, a director of Avidbank Holdings, reported the sale of 9,659 shares on March 6, 2026. The shares were disposed at $28.10 per share for total proceeds of approximately $271,418. The transaction is reported as an open market or private sale (sale code S).

Key Details

• Transaction date and price: Mar 6, 2026 — 9,659 shares at $28.10 each. Total ≈ $271,418.
• Filing date: Form 4 filed Mar 9, 2026 (for the Mar 6 transaction) — appears to be within the usual Form 4 reporting window.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnote: The shares are held directly by PTMR Capital Partners LP. Rosinus is the sole member of the general partner entities (PTMR GP, LLC and TRF Partners LLC) and has sole voting and dispositive power over PTMR Capital’s shares; he disclaims beneficial ownership except to the extent of any pecuniary interest.
• Transaction type: Sale (routine disposition); not a purchase or option exercise.

Context
Sales by insiders can be routine (diversification, estate planning, or transfers) and do not necessarily signal a change in company prospects. This filing reflects a sale of shares held through an institutional vehicle (PTMR Capital) over which Rosinus has control, rather than a direct personal purchase or exercise of options.