Joseph Mancini - 13 Aug 2021 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role: Chief Operating Officer
Signature: /s/ Ned A. Quint, pursuant to power of attorney
Issuer symbol: PVBC
Transactions as of: 13 Aug 2021
Net transactions value: +$31,942
Form type: 4
Filing time: 13 Aug 2021, 14:35:52 UTC
Previous filing: 19 May 2021
Next filing: 06 Feb 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	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$31,942	+1,915		$16.68	1,915	13 Aug 2021	By 401(k)
holding	PVBC	Common Stock						12,007	13 Aug 2021	Direct	F1
holding	PVBC	Common Stock						577	13 Aug 2021	By ESOP

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						30,000	13 Aug 2021	Common Stock	30,000	$15.00	Direct	F2

* 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 April 22, 2022.
F2	Stock option vest at a rate of 20% per year commencing on April 22, 2022.