Carol L. Houle - 02 Aug 2023 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role: Co-President, Co-CEO and CFO
Signature: /s/ Carol Houle
Issuer symbol: PVBC
Transactions as of: 02 Aug 2023
Net transactions value: +$89,991
Form type: 4
Filing time: 03 Aug 2023, 13:16:49 UTC
Previous filing: 20 Dec 2022
Next filing: 20 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PVBC	Common Stock	Purchase	$89,991	+9,080	+11%	$9.91	88,735	02 Aug 2023	By 401(k)
holding	PVBC	Common Stock						66,676	02 Aug 2023	Direct	F1
holding	PVBC	Common Stock						14,681	02 Aug 2023	By ESOP	F2

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
holding	PVBC	Stock Options						99,738	02 Aug 2023	Common Stock	99,738	$8.61	Direct
holding	PVBC	Stock Options						102,125	02 Aug 2023	Common Stock	102,125	$11.93	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes shares of restricted stock which vest at a rate of 20% per year commencing on December 17, 2021.
F2	Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F3	Stock option vest at a rate of 20% per year commencing on December 17, 2021.