ASRV Form 4: Director David Hickton adds 248 shares at $3.01 each

Rhea-AI Filing Summary

AmeriServ Financial Inc. (ASRV) director David J. Hickton acquired 248 shares through the company’s dividend reinvestment plan on 08/18/2025 at an average price of $3.0109 per share. After the transaction, Mr. Hickton beneficially owns 25,734 shares, held directly. The Form 4 was filed as a single reporting person filing and lists the acquisition as dividend reinvestment (affirmed in the explanation). The filing was signed by an attorney-in-fact on 08/27/2025. This is a routine insider purchase under a reinvestment program and does not disclose any derivative transactions.

Insights

Financial Analyst

TL;DR: Director modestly increased stake via dividend reinvestment; transaction is routine and likely non-material.

The purchase of 248 shares at $3.0109 through dividend reinvestment indicates ongoing participation in the company’s dividend program. At a post-transaction holding of 25,734 shares, this small acquisition is unlikely to materially affect ownership concentration or valuation metrics. There are no derivative transactions or exercise events disclosed, and the trade was recorded as a standard A code acquisition tied to dividends. Impact to investors is minimal but signals continued alignment by an insider.

Corporate Governance Expert

TL;DR: Routine dividend reinvestment by a director; governance signal is modest support but not material.

As a director-level reporting person, Mr. Hickton’s participation in DRIP reflects retention of cash payouts into equity, which can be viewed positively for alignment with shareholders. The filing follows Section 16 requirements and was duly signed by an attorney-in-fact. There are no indications of rule 10b5-1 plan usage or other structured trading in this filing. Overall governance implications are neutral-to-slightly-positive due to continued insider ownership.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hickton David J.

(Last) (First) (Middle)

216 FRANKLIN STREET

(Street)

JOHNSTOWN PA 15901

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERISERV FINANCIAL INC /PA/ [ ASRV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/18/2025		A(1)		248	A	$3.0109	25,734	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares acquired through dividend reinvestment.

	Sharon M. Callihan - Attorney-in-Fact	08/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ASRV director David J. Hickton disclose on Form 4?

He disclosed an acquisition of 248 shares through dividend reinvestment on 08/18/2025 at an average price of $3.0109, resulting in 25,734 shares beneficially owned.

Was the acquisition by David J. Hickton a purchase, option exercise, or dividend reinvestment?

The filing states the shares were acquired through dividend reinvestment (see the explanation line).

Does the Form 4 show any derivative or option transactions for ASRV?

No. Table II (derivative securities) shows no entries; only a non-derivative stock acquisition is reported.

How much did the acquisition cost on average?

The average price reported for the 248 shares was $3.0109 per share.

Who signed the Form 4 filing for this transaction?

The Form 4 was signed by Sharon M. Callihan as attorney-in-fact on 08/27/2025.