William Boylan - Jul 17, 2023 Form 4 Insider Report for MALVERN BANCORP, INC. (MLVF)

Role: EVP & Chief Lending Officer
Signature: /s/ William Boylan
Stock symbol: MLVF
Transactions as of: Jul 17, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/17/2023, 05:18 PM

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Date	Ownership	Footnotes
transaction	MLVF	Common Stock	Disposed to Issuer	-3.9K	-100%	Jul 17, 2023	Direct	F1
transaction	MLVF	Common Stock	Disposed to Issuer	-12.5	-100.03%	Jul 17, 2023	ESOP	F1
transaction	MLVF	Common Stock	Disposed to Issuer	-4.81K	-100%	Jul 17, 2023	401k	F1

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

William Boylan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The shares were disposed of pursuant to the Agreement and Plan of Merger dated as of December 13, 2022, as amended by the amendments thereto (the "Merger Agreement"), by and among Malvern Bancorp, Inc. (the "Company"), Malvern Bank, National Association, First Bank, and FB Merger Subsidiary LLC. Pursuant to the Merger Agreement each share of Company common stock was converted into .7733 shares of common stock of First Bank and $7.80 in cash.

Content

The shares were disposed of pursuant to the Agreement and Plan of Merger dated as of December 13, 2022, as amended by the amendments thereto (the "Merger Agreement"), by and among Malvern Bancorp, Inc. (the "Company"), Malvern Bank, National Association, First Bank, and FB Merger Subsidiary LLC. Pursuant to the Merger Agreement each share of Company common stock was converted into .7733 shares of common stock of First Bank and $7.80 in cash.

Remarks:

This "Exit" Form 4 is being voluntarily filed to report that the Reporting Person is no longer subject to Section 16 reporting.