Michael J. Weinbaum - May 6, 2024 Form 4 Insider Report for PATRIOT NATIONAL BANCORP INC (PNBK)

Role
Director
Signature
/s/ Michael J. Weinbaum
Stock symbol
PNBK
Transactions as of
May 6, 2024
Transactions value $
$0
Form type
4
Date filed
5/7/2024, 09:19 PM
Previous filing
Oct 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PNBK Common Stock Award $0 +3.85K +17.91% $0.00 25.3K May 6, 2024 Direct F1
holding PNBK Common Stock 342K May 6, 2024 See Footnotes F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 6, 2024, the Reporting Person was granted under the Issuer's 2020 Stock Plan 3,846 shares of common stock, which will vest annually in equal installments over four years (961 shares, 961 shares, 962 shares and 962 shares respectively as of December 31, 2024, 2025, 2026 and 2027).
F2 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.