ROSINUS MIKE 4

What Happened
Mike Rosinus, a director of Avidbank Holdings, sold 15,847 shares in an open-market disposition on March 9, 2026. The shares were sold at $28.09 each for a total of roughly $445,142. This was a sale (disposition), which is a routine insider transaction and not a purchase.

Key Details

• Transaction date: 2026-03-09 (open-market sale)
• Price per share: $28.09; Shares sold: 15,847; Total proceeds: ≈ $445,142
• Transaction code: S (Sale)
• Shares owned after transaction: not specified in the provided filing summary
• Filing: Report filed with accession 0001443575-26-000085 on 2026-03-09 (appears timely)
• Footnote: Shares were held directly by PTMR Capital Partners LP. Rosinus is the sole member of the general partner entities and has sole voting and dispositive power over those shares, but he disclaims beneficial ownership except to the extent of any pecuniary interest.

Context
This was an open-market sale executed by or on behalf of an entity controlled by Rosinus (PTMR Capital). The footnote indicates the shares are held through that partnership structure and the reporting person disclaims direct beneficial ownership beyond any economic interest. Sales by directors can be routine (liquidity, diversification, etc.) and, by themselves, do not necessarily indicate a change in company outlook.