AmeriServ EVP & CFO reports option exercise; 11,119 options remain

Rhea-AI Filing Summary

AmeriServ Financial (ASRV) reported an insider transaction by its EVP & CFO. On 10/27/2025, the officer exercised stock options (code M) at $2.96 per share for 3,000 shares, resulting in the acquisition of 3,000 common shares.

Following the transaction, beneficial ownership stood at 20,892 common shares. The related option grant carried an exercise price of $2.96, was first exercisable on 04/11/2017, and expires on 04/11/2026; 11,119 derivative securities remained beneficially owned. A footnote states certain common shares are held jointly with the officer’s spouse.

Insider Trade Summary

3,000 shares exercised/converted

Mixed 2 txns

Insider Lynch Michael D

Role EVP & CFO

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	3,000	$2.96	$9K
Exercise	Common Stock	3,000	$2.96	$9K

Holdings After Transaction: Stock Option (Right to Buy) — 11,119 shares (Direct); Common Stock — 20,892 shares (Direct)

Footnotes (1)

1. These common shares are held jointly with Mr. Lynch's spouse. These options vest in three equal annual installments beginning on April 11, 2017, subject to acceleration or forfeiture in certain specified circumstances.

Form 4 Insider Transactions: What Each Field Means →

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)
10/27/2025

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	10/27/2025		M		3,000	A	$2.96	20,892(1)	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
Stock Option (Right to Buy)	$2.96	10/27/2025		M			3,000	04/11/2017(2)	04/11/2026	Common Stock	3,000	$2.96	11,119	D

Explanation of Responses:

1. These common shares are held jointly with Mr. Lynch's spouse.

2. These options vest in three equal annual installments beginning on April 11, 2017, subject to acceleration or forfeiture in certain specified circumstances.

	Sharon M. Callihan - Attorney-in-Fact	10/27/2025
	** 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 insider transaction did ASRV report?

The EVP & CFO exercised stock options (transaction code M) for 3,000 common shares at $2.96 on 10/27/2025.

How many ASRV shares were acquired in the transaction?

The officer acquired 3,000 common shares through an option exercise.

What is the exercise price and expiration of the options?

The options had an exercise price of $2.96 and expire on 04/11/2026.

What is the officer’s ASRV beneficial ownership after the trade?

Beneficial ownership was 20,892 common shares following the reported transaction.

How many derivative securities remain after the exercise?

The filing shows 11,119 derivative securities remaining beneficially owned.

Were any shares noted as jointly held?

Yes. A footnote states certain common shares are held jointly with the officer’s spouse.

When did the options first become exercisable?

They vested in three equal annual installments beginning on 04/11/2017.