BIORN KRISTOFER W. 4

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.