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

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 Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MLVF Common Stock Disposed to Issuer -3.9K -100% 0 Jul 17, 2023 Direct F1
transaction MLVF Common Stock Disposed to Issuer -12.5 -100.03% 0 Jul 17, 2023 ESOP F1
transaction MLVF Common Stock Disposed to Issuer -4.81K -100% 0 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.

Remarks:

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