Avidbank (AVBH) Director Marc J. Verissimo Receives Stock Award

What Happened

• Marc J. Verissimo, a director of Avidbank Holdings, Inc. (AVBH), was granted 1,500 restricted shares on May 19, 2026. The award shows an acquisition price of $0.00 (award/grant), indicating a compensation grant rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-05-19; Filing date (Form 4): 2026-05-21 (timely — within the reporting window).
• Securities acquired: 1,500 shares; Price reported: $0.00 (award/grant, transaction code A).
• Shares owned after transaction: not specified in the filing.
• Footnote: Restricted stock granted under the issuer’s 2022 Equity Incentive Plan, subject to a one-year annual vesting schedule (footnote F1). Footnote F2: N/A.

Context

• This was an equity award (restricted stock) as compensation, not an open-market purchase or sale. Restricted shares typically cannot be sold until they vest; here the grant vests on an annual schedule over one year. Such grants are routine compensation for directors and do not by themselves indicate a market view.