Mark Daniel Mordell, President and CEO of Avidbank Holdings, Inc., has disclosed a transaction involving the sale of 1,295 shares of the bank's common stock. This transaction, filed on October 6, 2026, is significant as it reflects ongoing management activity within the banking sector.
Avidbank Holdings operates under the SIC classification for state commercial banks, which is a crucial segment of the financial services industry. The company is based in San Jose, California, and continues to play a role in the local banking landscape.
Background
Avidbank Holdings, Inc. is a financial institution incorporated in California. It is classified under the SIC code for state commercial banks. The company has been active in filing various reports with the SEC, including recent filings on October 23 and October 6, 2026, both of which are Form 4 submissions.
What the Filing Says
According to the recent filing, Mark Daniel Mordell reported a transaction on October 2, 2026, involving 1,295 shares of common stock at a price of $31.26 per share. The filing states, "Shares withheld upon vesting of restricted common stock based on closing price of issuer's common stock on October 2, 2026." Following this transaction, Mordell owns a total of 235,092 shares in Avidbank.
Impact
This transaction could impact various stakeholders, including shareholders and potential investors, as it reflects the confidence of the company's leadership in its performance and direction. The banking industry, particularly competitors in the state commercial banking sector, may also take note of these developments as they indicate management's engagement with the company's stock.
What's Next
The filing does not say what happens next.