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.