Michael J. Weinbaum - Mar 1, 2023 Form 4 Insider Report for PATRIOT NATIONAL BANCORP INC (PNBK)

Role: Director
Signature: /s/ Michael J. Weinbaum
Stock symbol: PNBK
Transactions as of: Mar 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/2/2023, 03:57 PM
Previous filing: Apr 6, 2022
Next filing: May 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PNBK	Common Stock	Other	$0	+342K		$0.00	342K	Mar 1, 2023	See Footnotes	F1
transaction	PNBK	Common Stock	Award	$0	+1.59K	+7.98%	$0.00	21.5K	Apr 7, 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities are held by AFP Forty Six Corp. On March 1, 2023, the Reporting Person was elected President of AFP Forty Six Corp. As President of AFP Forty Six Corp., the Reporting Person has voting and investment control over the securities held by AFP Forty Six Corp. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.
F2	On April 7, 2023, the Reporting Person was granted under the Issuer's 2020 Stock Plan 1,587 shares of common stock, which will vest annually in equal installments over four years (396 shares, 397 shares, 397 shares and 397 shares respectively as of December 31, 2023, 2024, 2025 and 2026).

Content

The reported securities are held by AFP Forty Six Corp. On March 1, 2023, the Reporting Person was elected President of AFP Forty Six Corp. As President of AFP Forty Six Corp., the Reporting Person has voting and investment control over the securities held by AFP Forty Six Corp. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.

On April 7, 2023, the Reporting Person was granted under the Issuer's 2020 Stock Plan 1,587 shares of common stock, which will vest annually in equal installments over four years (396 shares, 397 shares, 397 shares and 397 shares respectively as of December 31, 2023, 2024, 2025 and 2026).