AmeriServ (ASRV) director granted 7,250 shares as $27.5K stock retainer

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

AmeriServ Financial director J. Michael Adams Jr. reported a stock-based compensation award. He received a grant of 7,250 shares of common stock at $3.793 per share as a grant, award, or other acquisition.

A footnote explains this reflects an annual retainer of $27,500 payable in shares of common stock to each independent director. After the grant, Adams directly holds 156,049 common shares, with additional indirect holdings through a voting trust and a minor child.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider ADAMS J MICHAEL JR

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,250	$3.793	$27K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 156,049 shares (Direct, null); Common Stock — 58 shares (Indirect, By Minor Child)

Footnotes (1)

[object Object]

Key Figures

Stock grant: 7,250 shares Grant price: $3.793 per share Annual retainer: $27,500 +3 more

6 metrics

Stock grant 7,250 shares Common stock grant coded as A (grant/award acquisition)

Grant price $3.793 per share Price for the 7,250-share common stock award

Annual retainer $27,500 Stock retainer payable in common shares to each independent director

Direct holdings after grant 156,049 shares AmeriServ common stock directly held by Adams after the award

Voting trust holdings 23,897 shares AmeriServ common stock held indirectly via voting trust

Minor child holdings 58 shares AmeriServ common stock held indirectly by minor child

Key Terms

Grant, award, or other acquisition, Annual Retainer, Voting Trust, Form 4, +1 more

5 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Annual Retainer financial

"Annual Retainer of $27,500 payable in shares of common stock"

Voting Trust financial

"nature_of_ownership: Voting Trust"

A voting trust is an arrangement where shareholders temporarily transfer their voting rights to one or more trusted individuals (trustees) who vote on company matters on their behalf. It matters to investors because it consolidates decision-making power—like handing the car keys to a single driver for a journey—which can stabilize leadership or push through strategic plans but also reduces individual shareholders’ direct influence and can affect the company’s direction and stock value.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

indirect ownership financial

"ownership_type: indirect, ownership_code: I"

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 11:54 AM

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^*

ADAMS J MICHAEL JR

(Last)

(First)

(Middle)

216 FRANKLIN STREET

(Street)

JOHNSTOWN

PENNSYLVANIA

15901

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/02/2026		A⁽¹⁾	V	7,250	A	$3.793	156,049	D
Common Stock								58	I	By Minor Child
Common Stock								23,897	I	Voting Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Annual Retainer of $27,500 payable in shares of common stock to each independent director.

	Sharon M. Callihan - Attorney-in-Fact	06/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did AmeriServ Financial (ASRV) report for J. Michael Adams Jr.?

AmeriServ Financial reported that director J. Michael Adams Jr. received a grant of 7,250 shares of common stock at $3.793 per share. This was a compensation-related award, not an open-market trade, recorded as a grant, award, or other acquisition.

How much is the AmeriServ (ASRV) director’s stock retainer worth in this Form 4?

The Form 4 shows an annual retainer of $27,500 payable in AmeriServ common stock to each independent director. For J. Michael Adams Jr., this corresponds to a 7,250-share grant priced at $3.793 per share, aligning with the disclosed retainer amount.

How many AmeriServ (ASRV) shares does J. Michael Adams Jr. hold after this grant?

Following the 7,250-share grant, J. Michael Adams Jr. directly holds 156,049 AmeriServ common shares. The filing also lists 23,897 shares held indirectly in a voting trust and 58 shares held indirectly by a minor child, reflecting additional indirect ownership.

Was the AmeriServ (ASRV) director transaction a market buy or sell?

The transaction was not a market buy or sell. It is coded as an “A” transaction, meaning a grant, award, or other acquisition. The shares represent part of an annual stock retainer for independent directors, rather than an open-market purchase or sale.

What does the voting trust holding mean in the AmeriServ (ASRV) Form 4?

The Form 4 shows 23,897 AmeriServ common shares held indirectly through a voting trust. This indicates the shares are owned via a separate entity with voting arrangements, rather than as direct personal holdings, and are reported as indirect ownership in the filing.