AmeriServ (ASRV) Insider Filing: Lynch Adds 60 Shares via Service Award

Rhea-AI Filing Summary

Michael D. Lynch, EVP/CFO of AmeriServ Financial, reported a non-derivative acquisition of 60 shares on 06/12/2024 as a years-of-service award at a reported price of $2.43 per share.

Following the award, Mr. Lynch beneficially owns 17,892 shares in total, of which 14,332 are held jointly with his spouse. The form was filed as a single reporting person filing and includes a signature by an attorney-in-fact.

Positive

• Insider acquisition disclosed: CFO received a 60-share years-of-service award, showing continued alignment with shareholders.
• Substantial insider ownership: Mr. Lynch beneficially owns 17,892 shares, with 14,332 held jointly with his spouse, indicating personal stake in the company.

Negative

• None.

Insights

Financial Analyst

TL;DR: A small, routine insider award increases CFO ownership modestly; not materially market-moving.

The reported 60-share acquisition is explicitly described as a years-of-service award and was executed at $2.43 per share on 06/12/2024. The filing shows the CFO holds 17,892 shares total, with 14,332 held jointly with his spouse, which indicates concentrated insider ownership but not a material change in position. For investors, this disclosure confirms continued insider ownership alignment with shareholders, though the absolute size of the award is immaterial relative to typical outstanding float.

Corporate Governance Expert

TL;DR: Disclosure is compliance-focused; transaction is routine and consistent with compensation practices.

The Form 4 documents a compensatory grant (years-of-service award) rather than an open-market purchase or sale, and it was filed by one reporting person. The form includes required details: transaction code, price, ownership after transaction, and notation of joint ownership. The signature by an attorney-in-fact is present, satisfying execution formalities. This is a standard governance disclosure without indications of atypical behavior or governance concerns.

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
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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^*

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)
06/12/2024

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	06/12/2024		A		60(1)	A	$2.43	17,892(2)	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. Years of service award.

2. 14,332 shares are held jointly with Mr. Lynch's spouse.

	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

What transaction did AmeriServ (ASRV) insider Michael D. Lynch report on 06/12/2024?

He acquired 60 shares as a years-of-service award at a reported price of $2.43 per share.

How many AmeriServ shares does Michael D. Lynch beneficially own after the reported transaction?

He beneficially owns 17,892 shares following the reported transaction.

Are any of Michael D. Lynch's AmeriServ shares held jointly with a spouse?

Yes, 14,332 shares are held jointly with his spouse, as stated in the filing.

What was the nature of the award reported on the Form 4 for ASRV?

The filing explicitly identifies the acquisition as a years-of-service award.

Who signed the Form 4 for Michael D. Lynch?

The form shows a signature by Sharon M. Callihan as attorney-in-fact, with a signature date of 07/31/2025.