Christine Meredith - Aug 2, 2023 Form 4 Insider Report for Sterling Bancorp, Inc. (SBT)

Role: CHIEF RISK OFFICER
Signature: /s/ Christine Meredith by Elizabeth M. Keogh, attorney-in-fact
Stock symbol: SBT
Transactions as of: Aug 2, 2023
Transactions value $: $1,823
Form type: 4
Date filed: 8/4/2023, 04:14 PM
Previous filing: Jun 1, 2023
Next filing: Apr 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBT	Common Stock	Other	$1.82K	+309	+0.23%	$5.90	134K	Aug 2, 2023	Direct	F1
holding	SBT	Common Stock						4.62K	Aug 2, 2023	401(k) Plan	F2

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

Explanation of Responses:

Id	Content
F1	Due to a calculation error, the Company became aware that it withheld too many shares for the Reporting Person in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the Reporting Person. The shares reported here were issued to the Reporting Person to correct this error.
F2	The reporting person holds units in the issuer's unitized stock fund in the Sterling Bank & Trust 401(k) Plan (the "401(k) 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 401(k) Plan participant.

Content

Due to a calculation error, the Company became aware that it withheld too many shares for the Reporting Person in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the Reporting Person. The shares reported here were issued to the Reporting Person to correct this error.

The reporting person holds units in the issuer's unitized stock fund in the Sterling Bank & Trust 401(k) Plan (the "401(k) 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 401(k) Plan participant.