ROSINUS MIKE 4

What Happened
Mike Rosinus, a director of Avidbank Holdings, sold 56,882 shares in an open-market transaction on March 16, 2026. The shares were disposed at $27.41 per share for a total proceeds of approximately $1,559,136. The Form 4 was filed on March 17, 2026.

Key Details

• Transaction date: 2026-03-16 (filed 2026-03-17).
• Transaction type/code: Sale (S) — open-market/private sale reported.
• Price and value: 56,882 shares × $27.41 = $1,559,136 (approx.).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The sold 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 PTMR Capital’s shares; he disclaims beneficial ownership except to the extent of any pecuniary interest (Footnote F1).
• Timeliness: Filing appears timely (transaction 2026-03-16; Form 4 filed 2026-03-17).

Context
This is a straightforward sale by a company director and does not, by itself, indicate company prospects. The footnote indicates the shares are held by an entity (PTMR Capital) over which Rosinus has control; such entity-level holdings and disposals are common in insider filings and can reflect portfolio or fund management decisions rather than personal trading.