[Form 4] AmeriServ Financial Inc Insider Trading Activity

Rhea-AI Filing Summary

On 28–29 Jul 2025, AmeriServ Financial (ASRV) EVP & CFO Michael D. Lynch bought a total of 3,500 common shares in two open-market purchases: 1,500 shares at $2.825 and 2,000 shares at $2.874. No shares were sold, and no derivative activity was reported. Lynch’s direct holding now stands at 17,832 shares, up from 14,332. The purchases represent an aggregate investment of roughly $9.9 thousand. While insider buying by a senior officer can be viewed as a confidence signal, the dollar amount is small relative to the bank’s market value, limiting the transaction’s market impact.

Positive

• CFO insider purchase: 3,500 shares added with no sales, indicating personal confidence in ASRV’s prospects.

Negative

• Limited scale: The ~$10k transaction is too small to materially affect ownership structure or valuation.

Insights

Financial Analyst

TL;DR: Modest insider buy by ASRV CFO; slight positive sentiment, immaterial financial impact.

The EVP/CFO’s acquisition of 3,500 shares (~$10k) without accompanying sales suggests personal conviction that the stock is undervalued. Such executive purchases often boost investor confidence, especially at community banks where management insight is valuable. However, the stake increase is minor—well below 1% of shares outstanding—so fundamental valuation and liquidity are unchanged. I see the filing as a marginally bullish sentiment indicator rather than a catalyst for re-rating.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Lynch Michael D

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2025

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	07/28/2025		P		1,500	A	$2.825	15,832	D
Common Stock	07/29/2025		P		2,000	A	$2.874	17,832	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:

	Sharon M. Callihan - Attorney-in-Fact	07/31/2025
	** 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

How many ASRV shares did the CFO purchase?

3,500 common shares were bought on 28–29 Jul 2025.

At what prices were the ASRV shares bought?

Purchases occurred at $2.825 and $2.874 per share.

What is Michael D. Lynch’s total ASRV ownership after the trades?

He now directly holds 17,832 common shares.

Were any ASRV shares sold or any derivatives exercised?

No; the filing reports only open-market purchases and shows no derivative activity.

Does this Form 4 filing materially impact ASRV stock?

The buy may signal confidence but is not large enough to alter fundamentals or near-term valuation.