Jensen Keith 4

What Happened Keith Jensen, a director of Avidbank Holdings, Inc., was granted 1,500 restricted shares on 2026-05-19. The Form 4 reports an acquisition (code A) at $0.00 per share (total cash paid $0). The grant was made under the issuer’s 2022 Equity Incentive Plan and is subject to a one‑year annual vesting schedule (see footnote 1). This was an award/grant of shares, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-19; Form 4 filed: 2026-05-21 (timely filing).
• Transaction code: A (award/grant).
• Shares acquired: 1,500; Price per share: $0.00; Total cash outlay: $0.
• Shares owned after transaction: Not reported in this filing.
• Footnotes: F1 = restricted stock under the 2022 Equity Incentive Plan, subject to a one‑year annual vesting schedule; F2 = N/A.
• Filing timeliness: Reported within the standard Section 16 reporting window.

Context Restricted stock awards like this are commonly used as director compensation to align incentives with shareholders; because the shares are granted and subject to vesting, this grant is a routine compensation action rather than a market purchase or sale. The filing does not indicate any immediate sale or exercise of options.