Thomas M. OBrien - Apr 11, 2022 Form 4 Insider Report for Sterling Bancorp, Inc. (SBT)

Role: CHIEF EXECUTIVE OFFICER
Signature: /s/ Thomas M. O'Brien by Colleen Kimmel, attorney-in-fact
Stock symbol: SBT
Transactions as of: Apr 11, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/22/2022, 03:40 PM
Previous filing: May 21, 2021
Next filing: Apr 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SBT	Common Stock						300K	Apr 11, 2022	Direct
holding	SBT	Common Stock						1.74K	Apr 11, 2022	401(k) Plan	F1, F2

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

Explanation of Responses:

Id	Content
F1	The reporting person holds units in the issuer's unitized stock fund in the Sterling Bank & Trust 401(k) Plan (the "Plan"), consisting primarily of the issuer's Common Stock and the remainder in cash or cash equivalents. The number of shares in this row is an estimate of the number of shares of the issuer's Common Stock held in the unitized stock fund and attributed to the reporting person as a Plan participant.
F2	This has been calculated based on the $6.95 closing price of the issuer's Common Stock as of April 11, 2022, which was the date prior to the first date that the valuation of the reporting person's interest in the unitized stock fund was made available to the reporting person, and may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's Common stock and the amount of cash in the unitized stock fund. The shares of Common Stock were first contributed to the unitized stock fund on April 6, 2022 and were first allocated to participants on April 11, 2022.

Content

The reporting person holds units in the issuer's unitized stock fund in the Sterling Bank & Trust 401(k) Plan (the "Plan"), consisting primarily of the issuer's Common Stock and the remainder in cash or cash equivalents. The number of shares in this row is an estimate of the number of shares of the issuer's Common Stock held in the unitized stock fund and attributed to the reporting person as a Plan participant.

This has been calculated based on the $6.95 closing price of the issuer's Common Stock as of April 11, 2022, which was the date prior to the first date that the valuation of the reporting person's interest in the unitized stock fund was made available to the reporting person, and may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's Common stock and the amount of cash in the unitized stock fund. The shares of Common Stock were first contributed to the unitized stock fund on April 6, 2022 and were first allocated to participants on April 11, 2022.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney