Michael A. Carrazza - 13 May 2025 Form 4 Insider Report for PATRIOT NATIONAL BANCORP INC (PNBK)

Role: Chairman of the Board, Director
Signature: /s/ Michael A. Carrazza
Issuer symbol: PNBK
Transactions as of: 13 May 2025
Net transactions value: +$649,492
Form type: 4
Filing time: 15 May 2025, 15:50:28 UTC
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Carrazza Michael A.	Chairman of the Board, Director	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD	/s/ Michael A. Carrazza	15 May 2025	0001498203

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PNBK	Common Stock	Purchase	$649,492	+865,990		$0.7500	865,990	13 May 2025	By Solaia Capital Holdings LLC	F1, F2
holding	PNBK	Common Stock						12,221	13 May 2025	By Solaia Capital Management Profit Sharing Plan FBO Michael A. Carrazza
holding	PNBK	Common Stock						55,033	13 May 2025	Direct

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

Explanation of Responses:

Id	Content
F1	On May 13, 2025, Solaia Capital Holdings LLC purchased the outstanding principal balance and accrued unpaid interest of $649,492.84 of a 8.50% Fixed Rate Senior Note Due January 15, 2026 previously issued by the Issuer and converted it into 865,990 shares of Common Stock at $0.75 per share.
F2	As the manager of Solaia Capital Holdings LLC, the Reporting Person has voting and dispositive power over the shares held by Solaia Capital Holdings LLC.