Eleni Willis - 17 May 2024 Form 4 Insider Report for Sterling Bancorp, Inc.

Role: CHIEF RISK OFFICER
Signature: /s/ Eleni Willis by Elizabeth M. Keogh, attorney-in-fact
Issuer symbol: N/A
Transactions as of: 17 May 2024
Net transactions value: +$54,887
Form type: 4
Filing time: 21 May 2024, 20:56:26 UTC
Previous filing: 04 Apr 2024
Next filing: 25 Jun 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBT	Common Stock	Award	$75,000	+14,151	+32%	$5.30	58,947	17 May 2024	Direct	F1
transaction	SBT	Common Stock	Tax liability	$20,114	-3,795	-6.4%	$5.30	55,152	19 May 2024	Direct	F2
holding	SBT	Common Stock						2,050	17 May 2024	401(k) Plan

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

Explanation of Responses:

Id	Content
F1	Represents an award of restricted stock pursuant to the Sterling Bancorp, Inc. 2020 Omnibus Equity Incentive Plan (the "Plan"). The restricted stock will vest as follows: 4,669 shares on May 17, 2025, 4,669 shares on May 17, 2026, and 4,813 shares on May 17, 2027, subject to continued Service on each such date, or, if earlier, upon death or Disability or a Change of Control, all as specified in the Plan.
F2	Represents the withholding of shares of common stock by Sterling Bancorp, Inc. in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the reporting person.

Content

Represents an award of restricted stock pursuant to the Sterling Bancorp, Inc. 2020 Omnibus Equity Incentive Plan (the "Plan"). The restricted stock will vest as follows: 4,669 shares on May 17, 2025, 4,669 shares on May 17, 2026, and 4,813 shares on May 17, 2027, subject to continued Service on each such date, or, if earlier, upon death or Disability or a Change of Control, all as specified in the Plan.

Represents the withholding of shares of common stock by Sterling Bancorp, Inc. in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the reporting person.