David P. Mansfield - 27 Dec 2021 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role: President and CEO, Director
Signature: /s/ Ned A. Quint, pursuant to power of attorney
Issuer symbol: PVBC
Transactions as of: 27 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 03 Feb 2022, 13:50:42 UTC
Previous filing: 20 Dec 2021
Next filing: 20 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PVBC	Common Stock	Gift	$0	-1,540	-1.1%	$0.000000	143,749	27 Dec 2021	Direct	F1, F2
holding	PVBC	Common Stock						8,600	27 Dec 2021	By IRA
holding	PVBC	Common Stock						9,543	27 Dec 2021	By ESOP	F5
holding	PVBC	Common Stock						16,638	27 Dec 2021	By Spouse
holding	PVBC	Common Stock						93,524	27 Dec 2021	By 401(k)

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						204,250	27 Dec 2021	Common Stock	204,250	$11.93	Direct	F3
holding	PVBC	Stock Options						51,060	27 Dec 2021	Common Stock	51,060	$11.93	Direct	F4
holding	PVBC	Stock Options						225,565	27 Dec 2021	Common Stock	225,565	$8.61	Direct

* 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 December 17, 2021.
F2	Includes shares of restricted stock which vest at a rate of 33% 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 33% per year commencing on December 17, 2021.
F5	Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.