BIORN KRISTOFER W. 4
4 · Avidbank Holdings, Inc. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Avidbank (AVBH) Director Kristofer Biorn Receives 1,500-Share Award
What Happened
Kristofer W. Biorn, a director of Avidbank Holdings, Inc. (AVBH), was granted 1,500 shares of restricted stock on May 19, 2026. The reported acquisition price is $0.00 (award/grant, transaction code A); the filing treats this as a compensation award rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-19 (Form 4 filed 2026-05-21; filing appears timely).
- Securities granted: 1,500 shares of restricted common stock; reported acquisition price $0.00.
- Vesting: Grant is under the issuer’s 2022 Equity Incentive Plan and is subject to a one‑year annual vesting schedule (Footnote F1).
- Ownership disclosure: The filing notes existing shares held via the Biorn Family Trust (shared voting/dispositive power) and a Crist Biorn Shepherd & Roskoph 401(k) plan for which Mr. Biorn has sole voting/dispositive power (Footnotes F3–F4). The filing does not state total shares owned by the reporting person after the award.
- Transaction type: Award/Grant (code A). No sale or exercise reported.
Context
Restricted stock awards to directors are typically compensation and subject to vesting; they do not indicate an immediate open‑market purchase or sale. The $0.00 acquisition price reflects the reporting convention for grants — the economic value will depend on vesting and the market price at vesting.
Insider Transaction Report
Form 4
BIORN KRISTOFER W.
Director
Transactions
- Award
Common Stock
[F1][F2]2026-05-19+1,500→ 3,000 total
Holdings
- 34,982(indirect: See Footnote 2)
Common Stock
[F3] - 26,033(indirect: See Footnote 1)
Common Stock
[F4]
Footnotes (4)
- [F1]Restricted stock granted pursuant to the issuer's 2022 Equity Incentive Plan, as amended, subject to a one year annual vesting schedule
- [F2]N/A
- [F3]Shares held by the Biorn Family Trust of which the Reporting Person and his spouse are the trustees and may be deemed to share voting and dispositive power over such shares.
- [F4]Shares held by the Crist Biorn Shepherd & Roskoph 401(k) Profit Sharing Plan FBO Kristofer Biorn. Reporting Person has sole voting and dispositive power with respect to such shares.
Signature
/s/Shawn Zeagler, Attorney-in-fact for Kristofer W Biorn|2026-05-21