Joseph Stilwell - Aug 31, 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 31, 2023
Transactions value $: $1,948
Form type: 4
Date filed: 9/1/2023, 12:29 PM
Previous filing: Aug 31, 2023
Next filing: Sep 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PVBC	Common Stock	Purchase	$1.95K	+200	+0.01%	$9.74	1.45M	Aug 31, 2023	See footnote	F2
holding	PVBC	Common Stock						283K	Aug 31, 2023	See footnote	F1
holding	PVBC	Common Stock						50K	Aug 31, 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.