Adam Sothen - Nov 30, 2023 Form 4 Insider Report for PARTNERS BANCORP (PTRS)

Role: Chief Financial Officer
Signature: /s/ J. Adam Sothen
Stock symbol: PTRS
Transactions as of: Nov 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/1/2023, 04:41 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PTRS	Stock Option (right to buy)	Disposed to Issuer		-25.8K	-100%		0	Nov 30, 2023	Common Stock	25.8K	$7.72	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Adam Sothen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 22, 2023, by and between LINKBANCORP, Inc. ("LINK") and Partners Bancorp ("Partners"), at the Effective Time (as defined in the Merger Agreement), this option ceased to represent an option to purchase shares of Partners common stock and converted into an option to purchase 29,633 shares of LINK common stock at an exercise price of $6.72 per share, pursuant to the terms of the Merger Agreement and the applicable award agreement.

Content

Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 22, 2023, by and between LINKBANCORP, Inc. ("LINK") and Partners Bancorp ("Partners"), at the Effective Time (as defined in the Merger Agreement), this option ceased to represent an option to purchase shares of Partners common stock and converted into an option to purchase 29,633 shares of LINK common stock at an exercise price of $6.72 per share, pursuant to the terms of the Merger Agreement and the applicable award agreement.