Maria Alvarez - 01 Apr 2022 Form 4 Insider Report for Ponce Financial Group, Inc. (PDLB)

Role: Director
Signature: /s/Frank Perez, as attorney in fact
Issuer symbol: PDLB
Transactions as of: 01 Apr 2022
Net transactions value: +$145,659
Form type: 4
Filing time: 05 Apr 2022, 14:41:58 UTC
Previous filing: 16 Feb 2022
Next filing: 14 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PDLB	Common Stock						42,972	01 Apr 2022	Direct	F1
holding	PDLB	Common Stock						1,430	01 Apr 2022	By IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PDLB	Stock Options	Award	$145,659	+13,952		$10.44	13,952	01 Apr 2022	Common Stock	13,952	$10.44	Direct	F2
holding	PDLB	Stock Options						12,442	01 Apr 2022	Common Stock	12,442	$9.27	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes 29,032 shares of restricted stock units, of which 4,147 shares vest on January 31, 2023 and an additional 4,977 shares vest on January 31 of each year thereafter, ending on January 31, 2028.
F2	These 13,952 stock options vest annually at a rate of 33.33% per year beginning April 1, 2022
F3	Stock options vest annually at a rate of 30% on January 31, 2022, 10% on January 31, 2023 and an additional 12% on January 31 of each year thereafter, ending on January 31, 2028.