[Form 4] AmeriServ Financial Inc Insider Trading Activity

Rhea-AI Filing Summary

AmeriServ Financial insider transactions summary: Director Kim W. Kunkle reported multiple small acquisitions of AmeriServ Financial Inc. (ASRV) common stock on 08/18/2025 through dividend reinvestment. Three non-derivative purchases were executed at a price of $3.0109 per share: 1,164, 386, and 88 shares. The reported beneficial ownership levels following these transactions were 176,699, 177,085, and 177,173 shares respectively. The filing also discloses indirect ownership of 67,390 shares held via Laurel Holdings, Inc. The form was signed by an attorney-in-fact on 08/27/2025 and states the acquisitions resulted from dividend reinvestment.

Positive

• Director reported acquisitions totaling 1,638 shares through dividend reinvestment, demonstrating ongoing insider ownership
• Full Section 16 disclosure provided, including direct and indirect holdings (direct post-transaction: up to 177,173; indirect: 67,390 via Laurel Holdings, Inc.)

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director acquired small additional holdings via dividend reinvestment; disclosure is routine and indicates continued ownership.

The filing shows Kim W. Kunkle, a director, acquired a total of 1,638 shares on 08/18/2025 at $3.0109 per share through dividend reinvestment. Reported post-transaction beneficial ownership figures provide transparency on both direct and indirect holdings, including 67,390 indirectly held shares through Laurel Holdings, Inc. The disclosure follows Section 16 requirements and was executed by an attorney-in-fact, reflecting standard compliance practices rather than a material corporate event.

Securities Analyst

TL;DR: Transactions are modest in scale and appear non-material to company capitalization; properly reported.

The transactions are non-derivative and labeled as dividend reinvestment, with three small lots recorded and incremental increases in reported beneficial ownership. No option exercises, dispositions, or large block trades are present. As filed Form 4 information is factual and routine, it provides useful ownership detail for monitoring insider alignment but does not by itself indicate a material change in control or strategy.

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^*

KUNKLE KIM W

(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)		1,164	A	$3.0109	176,699	D
Common Stock	08/18/2025		A(1)		386	A	$3.0109	177,085	D
Common Stock	08/18/2025		A(1)		88	A	$3.0109	177,173	D
Common Stock								67,390	I	Laurel Holdings, Inc.

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 transactions did Kim W. Kunkle report on Form 4 for ASRV?

The filing reports three non-derivative acquisitions on 08/18/2025 via dividend reinvestment: 1,164, 386, and 88 shares at $3.0109 per share.

How many AmeriServ (ASRV) shares does the filing show beneficially owned after the transactions?

The report lists post-transaction direct ownership figures of 176,699, 177,085, and 177,173 shares for the respective transactions and notes 67,390 shares indirectly owned through Laurel Holdings, Inc.

What was the reason given for the share acquisitions in the Form 4?

The filing states the shares were acquired through dividend reinvestment.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Sharon M. Callihan, Attorney-in-Fact on 08/27/2025.

Do the reported transactions include any derivative securities or dispositions?

No; the filing shows only non-derivative acquisitions and does not report any derivative securities or dispositions.