Oakes Patrick Timothy, the Executive Vice President and Chief Financial Officer of Avidbank Holdings, Inc., has reported the sale of 882 shares of common stock. This transaction, filed on October 6, 2026, is significant as it highlights ongoing changes in executive ownership within the banking sector.
Avidbank Holdings, Inc., which operates under the ticker AVBH, is categorized under the Standard Industrial Classification of state commercial banks. The company is incorporated in California and has a fiscal year ending on December 31. Its business address is located at 1732 N. 1st Street, 6th Floor, San Jose, CA 95112.
According to the filing, the transaction occurred on October 2, 2026, at a price of $31.26 per share. Following this transaction, Oakes holds a total of 37,806 shares of Avidbank's common stock. The filing notes that the shares were withheld upon vesting of restricted common stock based on the closing price of the issuer's stock on the transaction date.
The impact of this transaction could affect stakeholders within Avidbank and the broader banking industry, as executive ownership changes can influence investor confidence and company direction. However, the filing does not specify what actions may follow this transaction.
Details were not available in the SEC filing regarding any upcoming filings or votes related to this transaction.