Charles F. Withee - Nov 17, 2021 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role: Pres. & CLO of Subsidiary Bank
Signature: /s/ Carol Houle, pursuant to power of attorney
Stock symbol: PVBC
Transactions as of: Nov 17, 2021
Transactions value $: -$89,689
Form type: 4
Date filed: 11/18/2021, 11:39 AM
Previous filing: Nov 8, 2021
Next filing: Dec 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PVBC	Common Stock	Tax liability	-$89.7K	-4.51K	-4.56%	$19.90	94.3K	Nov 17, 2021	Direct	F1, F2
holding	PVBC	Common Stock						40.2K	Nov 17, 2021	By 401(k)	F5
holding	PVBC	Common Stock						11.5K	Nov 17, 2021	By ESOP	F5

Showing 1 to 3 of 3 entries

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						15.2K	Nov 17, 2021	Common Stock	15.2K	$8.61	Direct	F4
holding	PVBC	Stock Options						102K	Nov 17, 2021	Common Stock	102K	$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 November 17, 2017.
F2	Shares of restricted stock vest at a rate of 20% per year commencing on December 17, 2021.
F3	Stock option vest at a rate of 20% per year commencing on December 17, 2021.
F4	Stock option vest at a rate of 20% per year commencing on November 17, 2017.
F5	Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.