Joseph Mancini - Feb 2, 2023 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role
Chief Operating Officer
Signature
/s/ Carol Houle, pursuant to power of attorney
Stock symbol
PVBC
Transactions as of
Feb 2, 2023
Transactions value $
$0
Form type
4
Date filed
2/7/2023, 12:06 PM
Previous filing
Feb 6, 2023
Next filing
Apr 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PVBC Common Stock Award $0 +5.21K +46.16% $0.00 16.5K Feb 2, 2023 Direct F1, F2
holding PVBC Common Stock 2.02K Feb 2, 2023 By ESOP
holding PVBC Common Stock 1.92K Feb 2, 2023 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
transaction PVBC Stock Options Award $0 +28K $0.00 28K Feb 2, 2023 Common Stock 28K $9.55 Direct F4
holding PVBC Stock Options 30K Feb 2, 2023 Common Stock 30K $15.00 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 April 22, 2022.
F2 Shares of restricted stock which vest at a rate of 20% per year commencing on February 2, 2024.
F3 Stock option vest at a rate of 20% per year commencing on April 22, 2022.
F4 Stock option vest at a rate of 20% per year commencing on February 2, 2024.