Early Access — free while we kick the tires
EdgarHawk

AVBC Avidia Bancorp, Inc. Insider Trading

Latest: Director Bought $97K of Shares · May 2026
11 filings analyzed · Latest 2026-06-03
Insider buys
11
Insider sells
0
Unique insiders
8
Direction
Net buying
June 2026
2026-06-03
medium
Jonathan Michael Nelson Buy
CFO and Treasurer
1,065 shares
$20,128
@ $18.90
Significance 6/10

CFO Jonathan Michael Nelson purchases 1,065 shares of AVBC at $18.90; 4 of 5 prior buys showed positive 90-day returns

Jonathan Michael Nelson, CFO and Treasurer, bought 1,065 shares at $18.90 on 2026-06-03, increasing his holdings to 14,545 shares (+7.9% vs. pre-transaction levels). This purchase occurs with AVBC trading at $18.86, down 12.0% from its 52-week high of $21.43 and down 7.3% over the prior 30 days. Notably, Nelson has a consistent pattern of well-timed buys at this ticker: 4 of 5 prior trades at AVBC showed positive 90-day returns, with his prior purchase on 2025-11-24 delivering a 90-day return of +23.2%. However, the company's fundamentals present a concerning backdrop—despite reporting net income of $5,996,000.00, the company was unprofitable over its most recent full fiscal year, creating tension between the insider's accumulation signal and underlying financial weakness. Investors should note the tension between Nelson's established track record of well-timed accumulation at this ticker and the company's broader profitability challenges.

2026-06-01
medium
Robert D Cozzone Buy
President & CEO
2,128 shares
$40,006
@ $18.80
Significance 6/10

CEO Robert D Cozzone bought 2,128 shares at $18.80; stock now $19.05, down 11.1% from 52-week high

Robert D Cozzone, President & CEO, purchased 2,128 shares at $18.80, increasing his holdings to 67,357 shares (+3.3%). His cross-ticker track record shows 84.21% 90-day win rate with an average 90-day return of +8.7% across 19 prior buys, though his same-ticker history at AVBC is mixed—3 of 5 prior AVBC buys were well-timed at the 90-day mark, but the most recent buy on 2026-05-13 (just 16 days prior) returned -3.6% over 30 days. The stock currently sits at $19.05, down 7.8% in 30 days and 11.1% from its 52-week high of $21.43. Investors should note the company reported positive net income of $6.0M but was unprofitable over its most recent full fiscal year, creating a mixed fundamental backdrop. The timing of this purchase following a recent underperforming buy warrants attention to whether this reflects continued conviction or a different underlying signal.

May 2026
2026-05-15 Cluster
high
Michael O Gilles Buy
5,000 shares
$97,496
@ $19.50
Significance 7/10

Director Michael O Gilles buys 5,000 shares in 3 purchases at $19.50 avg, totaling $97,496.10, as AVBC stock sits -9.1% over 30 days

Michael O Gilles, a Director at Avidia Bancorp, Inc. (AVBC), made 3 separate purchases totaling 5,000 shares for $97,496.10 at a blended average of $19.50, executed on 2026-05-13 and 2026-05-14. These purchases were made against a backdrop of recent price weakness — the stock has declined -9.1% over the past 30 days and currently trades at $18.86, which is -12.0% from its 52-week high of $21.43. The transaction expanded Gilles' holdings from 20,096 shares to 25,096 shares, a net change of +24.9% versus his pre-transaction position. Notably, 2 other insiders also bought within the past 14 days, forming a cluster buy pattern that investors may find worth monitoring alongside the company's reported net income of $5,996,000.00 and a P/E of 26.56, set against a full fiscal year that was unprofitable.

2026-05-15
high
Cozzone Robert D Buy
President & CEO
2,023 shares
$39,990
@ $19.77
Significance 7/10

AVBC CEO Cozzone buys 2,023 shares at $19.77 ($40.0K), lifting stake to 65,229 shares amid -9.1% 30-day price decline.

Robert D Cozzone, President & CEO of Avidia Bancorp, Inc., purchased 2,023 shares at $19.77 for a total of $39,990.26, bringing his post-transaction holdings to 65,229 shares. Among his 5 prior trades at AVBC, 4 of 5 were well-timed at the 90-day mark, with positive 90-day returns ranging from +2.6% to +27.7%; the remaining prior trade produced a 90-day return of -0.5%. The purchase was made while the current price of $18.86 sits -12.0% from the 52-week high; separately, the stock's 30-day change stands at -9.1%, reflecting recent price weakness heading into this transaction. Across his full cross-ticker open-market history, Cozzone's 18 prior buys show an average 90-day return of +9.4% with a 90-day win rate of 88.89%, providing additional context for evaluating the pattern of this latest acquisition.

2026-05-11 Cluster
high
Jensen Barry H Buy
EVP and Chief Admin Officer
1,000 shares
$20,190
@ $20.19
Significance 6/10

EVP Jensen Barry H purchases shares amid broader insider buying wave, even as Avidia Bancorp posts losses.

Jensen Barry H, EVP and Chief Admin Officer at Avidia Bancorp, purchased shares on the open market—his 21st such acquisition in the past three years and adding to a pattern of consistent buying regardless of stock price. The purchase comes during a window when four other insiders also bought shares at the company, suggesting broad-based appetite despite near-term headwinds. Notably, his prior four purchases at this stock saw the shares rise in the months following each trade, though his most recent buy just days earlier has not yet shown a measurable outcome. The bank itself is currently unprofitable with losses in both the latest quarter and full year, trading below its 52-week high, making this buying noteworthy—the insider is accumulating during a period of financial weakness rather than strength. His consistent buying history across multiple price points, combined with the cluster activity from other insiders, suggests confidence at current valuations, though the company's negative earnings present a contrarian backdrop to the conviction this activity might otherwise signal.

2026-05-05 Cluster
high
Karmelek Nicolas Buy
EVP and CRO
1,209 shares
$25,099
@ $20.76
Significance 7/10

CRO Karmelek Nicolas buys 1,209 shares as stock trades below 52-week high; fifth open-market purchase in 36 months, but mixed timing on prior purchases.

Karmelek Nicolas, the Chief Risk Officer, purchased over 1,200 shares on open market, marking his fifth such purchase within the past 36 months and representing an 18.6% increase to his stake. The stock currently trades noticeably below its 52-week high, providing context for the timing of this purchase. Examining his previous four purchases at Avidia reveals mixed results: three were followed by stock appreciation, but one recent purchase has declined. The broader picture shows five insiders purchased shares within the same two-week window, indicating multiple executives are deploying capital into the stock despite the company's current financial losses. This cluster activity, combined with the insider's repeat buying pattern, warrants closer examination of whether these purchases reflect contrarian positioning into a company working through losses, or simply routine portfolio allocation.

April 2026
2026-04-30 Cluster
high
Karmelek Nicolas Buy
EVP and CRO
1,220 shares
$25,327
@ $20.76
Significance 7/10

EVP and Chief Risk Officer Karmelek Nicolas buys shares amid multi-insider accumulation despite unprofitable financials

Karmelek Nicolas, the EVP and Chief Risk Officer at Avidia Bancorp, purchased shares while the company is posting significant losses and the stock is recovering from a pullback below its recent highs. What distinguishes this trade is that it's part of a cluster—five insiders have bought stock within a two-week window—suggesting coordinated conviction rather than an isolated vesting or portfolio rebalancing event. For a C-suite risk executive to be accumulating shares when the company is unprofitable indicates either confidence that losses are temporary and fixable, or alternatively, insider knowledge of stabilizing developments not yet public. The fact that multiple unrelated insiders are buying in the same tight window amplifies the signal: this looks like opportunistic accumulation at depressed valuations rather than routine compensation.

2026-04-30 Cluster
high
Jensen Barry H Buy
EVP and Chief Admin Officer
1,000 shares
$20,300
@ $20.30
Significance 6/10

EVP Jensen Barry H buys 1,000 AVBC shares amid cluster of 4 insider purchases in two weeks, signaling conviction despite unprofitable fundamentals.

Jensen Barry H, the Chief Admin Officer at Avidia Bancorp, purchased shares at market price in late April as part of a broader insider buying cluster—four insiders accumulating stock within a two-week window. This coordinated activity is noteworthy because it occurs while the company is unprofitable, with recent quarterly and annual results showing losses, suggesting executives believe the market is undervaluing the bank despite near-term financial headwinds. The stock has recovered substantially from its lows and is trading just below its recent highs, a posture where insider buying is less common and therefore more signal-rich; most executives buy during pullbacks, not strength. The convergence of multiple unrelated insiders buying simultaneously, combined with H's officer status and direct operational visibility, indicates confidence that near-term fundamentals do not reflect the company's longer-term recovery potential.

2026-04-29 Cluster
high
Murphy Michael Dennis Buy
1,850 shares
$38,739
@ $20.94
Significance 6/10

Director Michael Murphy buys 1,850 shares of struggling Avidia Bancorp as stock bounces from year lows.

Director Michael Dennis Murphy acquired 1,850 shares in Avidia Bancorp as the stock recovered meaningfully from its yearly low, now trading slightly below its recent highs. The company faces significant headwinds—it reported substantial net losses in both its latest quarter and full-year results, indicating operational challenges rather than temporary weakness. The timing of this purchase is noteworthy because it coincides with at least two other insiders buying in the same 14-day window, suggesting board-level coordination or shared conviction that the stock's recovery reflects genuine value. However, an investor should weigh this directorial confidence against the company's current unprofitability and recent losses, which raise questions about whether fundamentals support the price recovery or if insiders are buying technical strength into deeper problems.

2026-04-29
high
Doane Thomas Buy
EVP- Human Resources
2,040 shares
$43,166
@ $21.16
Significance 5/10

EVP of HR Doane Thomas buys 2,040 shares of struggling AVBC near 52-week highs amid unprofitable quarters.

Doane Thomas, EVP of Human Resources at Avidia Bancorp, made an open-market purchase of shares at a level just shy of the company's 52-week high, suggesting confidence despite recent weakness. However, this conviction must be weighed carefully: the company is unprofitable, with consecutive losing quarters, and the recent stock rally may reflect a technical rebound rather than fundamental recovery. Thomas's purchase represents a meaningful increase to his holdings, indicating personal skin in the game, but an EVP in HR has less direct visibility into lending quality and credit risk—core drivers of bank valuations. The timing near recent highs rather than on deeper pullbacks is notable; a true conviction play by a well-informed insider often accelerates during downside dislocations. Deep analysis should clarify whether Thomas has been a consistent buyer on strength or weakness, and whether the company's path back to profitability is visible.

More Depository Institutions companies

Get alerts for AVBC

Add AVBC to your watchlist and we'll email you when an insider files a Form 4 — with our AI's significance score and a plain-English read of what it means.

Sign up — free during early access