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.

Content

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).

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.