ROSINUS MIKE 4

What Happened
Mike Rosinus, a director of Avidbank Holdings, sold 19,318 shares on March 10, 2026 at $28.28 per share in an open-market/private sale, generating about $546,313 in proceeds. This was a disposition (sale), which is typically a routine insider transaction rather than a bullish purchase signal.

Key Details

• Transaction date and price: March 10, 2026 — 19,318 shares at $28.28 each. Total proceeds ≈ $546,313.
• Filing date: Form 4 filed March 16, 2026 (trade reported six days after the transaction). Insider reports are normally due within two business days, so this filing appears later than the standard reporting window.
• Shares owned after transaction: Not specified in the information provided in this summary.
• Notable 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, but he disclaims beneficial ownership except to the extent of any pecuniary interest (Footnote F1).
• Transaction type code: S = Sale (open market or private sale).

Context
The sale appears to relate to shares held by an investment entity (PTMR Capital) over which Rosinus has control; the footnote indicates a disclaimer of beneficial ownership except for any pecuniary interest. Sales by insiders can be for many reasons (liquidity, portfolio rebalancing, entity-level transactions) and do not by themselves indicate company outlook.