Larry Witt - 05 Jan 2026 Form 4 Insider Report for PB Bankshares, Inc. (PBBK)

Role
Chief Info. & Oper. Officer
Signature
/s/ Lindsay Bixler, pursuant to power of attorney
Issuer symbol
PBBK
Transactions as of
05 Jan 2026
Net transactions value
-$19,023
Form type
4
Filing time
06 Jan 2026, 13:39:58 UTC
Previous filing
12 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Witt Larry Chief Info. & Oper. Officer 185 E. LINCOLN HIGHWAY, COATESVILLE /s/ Lindsay Bixler, pursuant to power of attorney 06 Jan 2026 0001871140

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBBK Common Stock Disposed to Issuer -12,056 -100% 0 05 Jan 2026 Direct F1, F2
transaction PBBK Common Stock Disposed to Issuer -652 -100% 0 05 Jan 2026 By IRA F1
transaction PBBK Common Stock Disposed to Issuer -264 -100% 0 05 Jan 2026 By Rollover IRA F1
transaction PBBK Common Stock Disposed to Issuer -91 -100% 0 05 Jan 2026 By Roth IRA F1

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 PBBK Stock Options Disposed to Issuer $19,023 0 05 Jan 2026 Common Stock 19,023 $12.28 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 7, 2025, by and among Norwood Financial Corp. ("Norwood"), Wayne Bank, the Issuer, and Presence Bank (the "Merger Agreement"), at the Effective Time (as defined in the Merger Agreement), each issued and outstanding share of Common Stock of the Issuer was converted into the right to receive, at the election of the holder, either (i) 0.7850 shares of Norwood common stock (the "Stock Consideration") or (ii) $19.75 in cash (the "Cash Consideration"), subject to proration procedures to ensure that 80% of the shares of the Issuer common stock are converted into the Stock Consideration (the "Merger Consideration").
F2 Pursuant to the Merger Agreement, all unvested shares of restricted stock automatically vested in full at the Effective Time, and were considered outstanding shares of common stock entitled to receive the Merger Consideration, net of all applicable withholding taxes.
F3 Pursuant to the Merger Agreement, each outstanding and unexercised option immediately prior to the Effective Time, whether vested or unvested, was cancelled in exchange for the right to receive an amount in cash equal to the product of (i) the excess, if any, of the Cash Consideration over the per share exercise price of such option, multiplied by (ii) the number of shares of Common Stock then subject to such option, net of all applicable withholding taxes.