Charles F. Withee - Dec 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
Dec 17, 2021
Transactions value $
-$55,321
Form type
4
Date filed
12/20/2021, 02:13 PM
Previous filing
Nov 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PVBC Common Stock Tax liability -$55.3K -3.02K -3.21% $18.30 91.3K Dec 17, 2021 Direct F1
transaction PVBC Common Stock Disposed to Issuer $0 -32.7K -35.79% $0.00 58.6K Dec 20, 2021 Direct F1, F4
holding PVBC Common Stock 40.2K Dec 17, 2021 By 401(k) F3
holding PVBC Common Stock 11.5K Dec 17, 2021 By ESOP F3

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 Dec 17, 2021 Common Stock 15.2K $8.61 Direct
holding PVBC Stock Options 102K Dec 17, 2021 Common Stock 102K $11.93 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Charles F. Withee is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 Stock option vest at a rate of 20% per year commencing on December 17, 2021.
F3 Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
F4 Reflects forfeiture of unvested shares of restricted stock upon the reporting person's retirement.