Joseph Stilwell - Aug 30, 2023 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role
10%+ Owner
Signature
/s/ Joseph Stilwell
Stock symbol
PVBC
Transactions as of
Aug 30, 2023
Transactions value $
$29,029
Form type
4
Date filed
8/31/2023, 11:50 AM
Previous filing
Aug 30, 2023
Next filing
Sep 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PVBC Common Stock Purchase $20.4K +2.1K +0.15% $9.73 1.45M Aug 30, 2023 See footnote F2
transaction PVBC Common Stock Purchase $8.6K +890 +0.06% $9.66 1.45M Aug 30, 2023 See footnote F2
holding PVBC Common Stock 283K Aug 30, 2023 See footnote F1
holding PVBC Common Stock 50K Aug 30, 2023 See footnote F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
F2 These shares are owned directly by Stilwell Activist Investments, L.P. ("SAI") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
F3 These shares are owned directly by Stilwell Partners, L.P. ("SP") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SP. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.

Remarks:

The reporting persons are jointly filing this statement as members of a Section 13(d) group that beneficially owns more than 10% of the issuer's common stock.