Oakes Patrick Timothy, the Executive Vice President and Chief Financial Officer of Avidbank Holdings, Inc., recently acquired 1,910 shares of the bank's common stock. This acquisition, reported on October 23, 2026, is part of the company's equity incentive plan and indicates a commitment to the bank's growth and performance.
The acquisition is significant as it reflects Oakes' confidence in Avidbank's future. The shares were acquired on October 21, 2026, and the transaction was reported under the SEC filing with accession number 0001437749-26-033379.
Background
Avidbank Holdings, Inc. is a California-based company operating within the state commercial banking sector. The bank's business address is located at 1732 N. 1st Street, 6th Floor, San Jose, CA 95112. The bank has been active in the market and is listed under the ticker symbol AVBH.
What the Filing Says
According to the filing, Oakes Patrick Timothy's transaction was categorized as an acquisition of shares, with a total of 1,910 shares acquired at a price per share of $0. The filing notes that these shares are part of a restricted stock grant from the issuer's 2022 Equity Incentive Plan, which is subject to a three-year cliff vesting schedule.
Impact
This acquisition may affect various stakeholders, including shareholders and employees of Avidbank. As an executive, Oakes' investment in the bank's stock could enhance confidence among investors and employees alike, signaling a positive outlook for the institution.
What's Next
The filing does not say what happens next.