Joseph W. Carroll - 05 Jan 2026 Form 4 Insider Report for PB Bankshares, Inc. (PBBK)

Reporting relationship: Director
Issuer ticker: PBBK
Reported as of: 05 Jan 2026
Net transaction value: -$4,552
SEC form: 4
Accepted by SEC: 06 Jan 2026, 13:39:00 UTC
Prior SEC filing: 26 Nov 2025
Next SEC filing: 28 Jan 2026
Source filing: View source filing
Reporting owner signature: /s/ Lindsay Bixler, pursuant to power of attorney

Key filing fact

Joseph W. Carroll filed Form 4 for PB Bankshares, Inc. (PBBK) on 06 Jan 2026.

Key facts

This page summarizes Joseph W. Carroll's Form 4 filing for PB Bankshares, Inc. (PBBK).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 06 Jan 2026, 13:39.

Change

Previous filing in this sequence was filed on 26 Nov 2025.
Current net transaction value: -$4,552.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001871118 Primary reporting owner

Carroll Joseph W

Relationship: Director
Address: 185 E. LINCOLN HIGHWAY, COATESVILLE
Signature: /s/ Lindsay Bixler, pursuant to power of attorney
Signature date: 06 Jan 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PBBK transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -50,795
Change %: -100%
Price
Shares after: 0
Date: 05 Jan 2026
Ownership: Direct
Footnotes: F1, F2

PBBK transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -10,000
Change %: -100%
Price
Shares after: 0
Date: 05 Jan 2026
Ownership: By Spouse
Footnotes: F1

PBBK transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -1,000
Change %: -100%
Price
Shares after: 0
Date: 05 Jan 2026
Ownership: By IRA
Footnotes: F1

PBBK transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -1,000
Change %: -100%
Price
Shares after: 0
Date: 05 Jan 2026
Ownership: By Spouse's IRA
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PBBK transaction Derivative

Stock Options

Disposed to Issuer

Transaction value: $4,552
Shares
Change %
Price
Shares after: 0
Date: 05 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,552
Exercise price: $12.28
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Joseph W. Carroll is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 7, 2025, by and among Norwood Financial Corp. ("Norwood"), Wayne Bank, the Issuer, and Presence Bank (the "Merger Agreement"), at the Effective Time (as defined in the Merger Agreement), each issued and outstanding share of Common Stock of the Issuer was converted into the right to receive, at the election of the holder, either (i) 0.7850 shares of Norwood common stock (the "Stock Consideration") or (ii) $19.75 in cash (the "Cash Consideration"), subject to proration procedures to ensure that 80% of the shares of the Issuer common stock are converted into the Stock Consideration (the "Merger Consideration").

Footnote F2

Pursuant to the Merger Agreement, all unvested shares of restricted stock automatically vested in full at the Effective Time, and were considered outstanding shares of common stock entitled to receive the Merger Consideration, net of all applicable withholding taxes.

Footnote F3

Pursuant to the Merger Agreement, each outstanding and unexercised option immediately prior to the Effective Time, whether vested or unvested, was cancelled in exchange for the right to receive an amount in cash equal to the product of (i) the excess, if any, of the Cash Consideration over the per share exercise price of such option, multiplied by (ii) the number of shares of Common Stock then subject to such option, net of all applicable withholding taxes.