L. Houle - Nov 17, 2021 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role
EVP and CFO
Signature
/s/ Carol Houle
Stock symbol
PVBC
Transactions as of
Nov 17, 2021
Transactions value $
-$38,890
Form type
4
Date filed
11/18/2021, 11:40 AM
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 -$38.9K -2.02K -2.77% $19.30 70.8K Nov 17, 2021 Direct F1, F2
holding PVBC Common Stock 79.7K Nov 17, 2021 By 401(k) F5
holding PVBC Common Stock 11.4K Nov 17, 2021 By ESOP F5

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 99.7K Nov 17, 2021 Common Stock 99.7K $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 Includes shares of restricted stock which 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.