Elisabeth Foussianes, the Executive Vice President and Chief Credit Officer at Avidbank Holdings, Inc., has acquired 1,385 shares of the bank's common stock. This transaction, reported on October 23, 2026, is significant as it illustrates Foussianes' confidence in the bank's prospects.

Avidbank Holdings, Inc., which operates under the Central Index Key 0001443575, is categorized under state commercial banks. The company's address is 1732 N. 1st Street, 6th Floor, San Jose, CA 95112. Recent filings indicate that Foussianes has been active in reporting her stock transactions, with the latest filing being a Form 4.

The filing states that the shares were acquired as part of a restricted stock grant under the bank's 2022 Equity Incentive Plan, which includes a three-year cliff vesting schedule. Following this transaction, Foussianes now holds a total of 9,360 shares of Avidbank.

This acquisition could have implications for Avidbank's standing in the competitive landscape of state commercial banks. As Foussianes plays a key role in the bank's operations, her investment may signal a commitment to the bank's future growth and stability.

Details were not available in the SEC filing regarding any further actions or upcoming events related to this transaction.

Transaction Details

The transaction was classified under code 'A', indicating an acquisition of shares. Notably, the transaction price per share was reported as zero, which is typical for stock grants associated with equity incentive plans.

Elisabeth Foussianes' total share ownership following this transaction amounts to 9,360 shares, all of which are classified as direct ownership. This indicates that she has full control over these shares, reflecting her significant stake in the bank's future performance.

Company Background

Avidbank Holdings, Inc. is incorporated in California and operates under the Central Index Key 0001443575. The bank is categorized within the state commercial banks sector, specifically classified under the Standard Industrial Classification code 6022. This classification underscores its focus on providing banking services primarily within the state of California.

"The filing does not provide details on any potential future transactions or plans for the shares acquired by Foussianes."