[Form 4] Princeton Bancorp, Inc. Insider Trading Activity

Princeton Bancorp, Inc. (BPRN) – Form 4 insider filing: Chief Lending Officer Stephanie Adkins exercised employee stock options for 10,000 common shares on 07/11/2025 at an exercise price of $18.17 (transaction code “M”).

Rhea-AI Filing Summary

Princeton Bancorp, Inc. (BPRN) – Form 4 insider filing: Chief Lending Officer Stephanie Adkins exercised employee stock options for 10,000 common shares on 07/11/2025 at an exercise price of $18.17 (transaction code “M”). The option grant, originally issued on 07/15/2019 and set to expire on 07/15/2025, was fully converted into common stock. Following the transaction, Adkins’ direct ownership rose to 17,361 shares. No shares were sold, and no indirect holdings were reported.

• The filing represents an increase of ~136% in Adkins’ direct share count (from about 7,361 to 17,361).
• No Rule 10b5-1 trading plan was marked, suggesting discretionary timing.
• The exercise occurred four days before option expiration, indicating a last-minute conversion rather than an early strategic buy.

Insights

Securities Analyst

TL;DR: Officer exercised 10k options, boosting stake to 17,361 shares; mildly bullish signal, no shares sold.

The use of transaction code “M” confirms a straightforward option exercise at $18.17, not an open-market purchase. While insider buying is generally viewed positively, the fact that this was a near-expiry exercise reduces informational value—she either exercised or forfeited. Still, the absence of a simultaneous sale suggests Adkins is comfortable retaining equity exposure. The 17k-share holding aligns her incentives with shareholders but, given BPRN’s modest float, the absolute dollar value is likely immaterial to fundamentals. Overall impact: modestly positive sentiment, minimal financial effect.

Insider Trade Summary

10,000 shares exercised/converted

Exercise 2 txns

Insider Adkins Stephanie

Role Chief Lending Officer

Type	Security	Shares	Price	Value
Exercise	Option to purchase	10,000	$0.00	$0.00
Exercise	Common Stock	10,000	$18.17	$182K

Holdings After Transaction: Option to purchase — 0 contracts (Direct); Common Stock — 17,361 shares (Direct)

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/14/2025 - 02:14 PM Learn about SEC filing dates

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^*

Adkins Stephanie

(Last) (First) (Middle)

183 BAYARD LANE

(Street)

PRINCETON NJ 08540

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Princeton Bancorp, Inc. [ BPRN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Lending Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025

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	07/11/2025		M		10,000	A	$18.17	17,361	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
Option to purchase	$18.17	07/11/2025		M			10,000	07/15/2019	07/15/2025	Common Stock	10,000	$0	0	D

Explanation of Responses:

	Stephanie Adkins, by Edward Hogan as attorney-in-fact	07/14/2025
	** 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.