ROSINUS MIKE 4

What Happened

• Mike Rosinus, a director of Avidbank Holdings, Inc. (AVBH), reported a sale of 7,953 shares on March 13, 2026. The shares were disposed at $27.49 each for a total of approximately $218,628. The filing lists the transaction as an "open market or private sale" (code S). This was a sale (not a purchase), which is often routine insider selling and not, by itself, a clear signal of company outlook.

Key Details

• Transaction date and price: 2026-03-13 at $27.49 per share (total ≈ $218,628).
• Filing date / accession: Form 4 filed 2026-03-16 (Accession 0001443575-26-000089).
• Shares owned after transaction: Not specified in the filing.
• Timeliness: The trade occurred 2026-03-13 and the Form 4 was filed 2026-03-16 (Form 4s are generally due within two business days), so the filing appears to have been submitted three calendar days after the trade.
• Notable footnote: The shares are held directly by PTMR Capital Partners LP. Rosinus is the sole member of the general partners (PTMR GP, LLC and TRF Partners LLC) and has sole voting and dispositive power over those shares; he disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• The sale was executed through an entity (PTMR Capital Partners LP) over which Rosinus has voting/dispositive power; that structure can reflect institutional or manager-directed holdings rather than direct personal stock ownership.
• Sales by insiders are common and can occur for many reasons (portfolio diversification, tax/liquidity needs). Purchases generally provide stronger evidence of bullish insider sentiment; routine sales should be interpreted cautiously and not as definitive indicators of company performance.