Home / Auditor changes / Avidia Bancorp, Inc.

3/5Avidia Bancorp, Inc. (AVBC): Auditor change

Filed 2025-11-14 路 Form 8-K 路 Accession 0001193125-25-283221 micro

Market data

Price before filing: $15.01 (2025-11-13 close, split/dividend-adjusted)
Market cap at flag: $283.2M (2025-11-14) 路 Latest: $408.0M (2026-10-16)

What happened next

WindowAVBCSPYvs SPY
30 days+12.5%+1.3%+11.2%2025-12-15
90 days+26.0%+1.7%+24.4%2026-02-12
180 days+27.6%+11.1%+16.6%2026-05-13

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: 4 insiders bought $1.2M (24 purchases)
30 days after: 6 insiders bought $326K (7 purchases)

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-08-20Cozzone Robert D
President & CEO, Director
Purchase6,671$14.99$100KnoForm 4
2025-08-22Jensen Barry H
EVP and Chief Admin Officer
Purchase2,500$14.95$37KnoForm 4
2025-08-26Cozzone Robert D
President & CEO, Director
Purchase6,631$15.08$100KnoForm 4
2025-08-26Nelson Jonathan Michael
CFO and Treasurer
Purchase6,631$15.08$100KnoForm 4
2025-08-28Nelson Jonathan Michael
CFO and Treasurer
Purchase500$15.47$8KnoForm 4
2025-08-28Nelson Jonathan Michael
CFO and Treasurer
Purchase2,740$15.47$42KnoForm 4
2025-08-29Cozzone Robert D
President & CEO, Director
Purchase3,199$15.63$50KnoForm 4
2025-09-03Nelson Jonathan Michael
CFO and Treasurer
Purchase3,240$15.45$50KnoForm 4
2025-09-04Cozzone Robert D
President & CEO, Director
Purchase3,279$15.25$50KnoForm 4
2025-09-09Cozzone Robert D
President & CEO, Director
Purchase3,226$15.50$50KnoForm 4
2025-09-11Cozzone Robert D
President & CEO, Director
Purchase3,224$15.51$50KnoForm 4
2025-09-18Cozzone Robert D
President & CEO, Director
Purchase3,130$15.97$50KnoForm 4
2025-09-18Jensen Barry H
EVP and Chief Admin Officer
Purchase2,500$15.85$40KnoForm 4
2025-10-30Cozzone Robert D
President & CEO, Director
Purchase3,325$15.03$50KnoForm 4
2025-10-30Jensen Barry H
EVP and Chief Admin Officer
Purchase2,500$15.00$38KnoForm 4
2025-10-31Jensen Barry H
EVP and Chief Admin Officer
Purchase293$14.78$4KnoForm 4
2025-10-31Jensen Barry H
EVP and Chief Admin Officer
Purchase2,207$14.99$33KnoForm 4
2025-11-03Cozzone Robert D
President & CEO, Director
Purchase3,310$15.10$50KnoForm 4
2025-11-05Cozzone Robert D
President & CEO, Director
Purchase3,277$15.26$50KnoForm 4
2025-11-05Murphy Michael Dennis
Director
Purchase6,500$15.12$98KnoForm 4
2025-11-06Murphy Michael Dennis
Director
Purchase1,000$15.10$15KnoForm 4
2025-11-07Murphy Michael Dennis
Director
Purchase2,500$15.11$38KnoForm 4
2025-11-10Cozzone Robert D
President & CEO, Director
Purchase3,240$15.43$50KnoForm 4
2025-11-13Jensen Barry H
EVP and Chief Admin Officer
Purchase5,000$15.24$76KnoForm 4
2025-11-14: red flag filed
2025-11-18Girard Michael R
Director
Purchase525$14.96$8KnoForm 4

Showing 25 of 31 transactions.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-16 to 2025-12-14. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"(the "Company") approved the dismissal of Berry, Dunn, McNeil & Parker, LLC, the Company's independent registered public accounting firm, effective as of November 12, 2025."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: dismissed
Disagreements reported: no
Former auditor: Berry, Dunn, McNeil & Parker, LLC · New auditor: BDMP Assurance, LLP

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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