BPRN Director Exercises 10,000 Options at $18.17, Raises Stake to 100k+ Shares

Princeton Bancorp, Inc. (BPRN) – Form 4 filing Director Stephen Distler exercised options (transaction code M) on 07/11/2025, acquiring 10,000 shares of common stock at an exercise price of $18.17.

Rhea-AI Filing Summary

Princeton Bancorp, Inc. (BPRN) – Form 4 filing

Director Stephen Distler exercised options (transaction code M) on 07/11/2025, acquiring 10,000 shares of common stock at an exercise price of $18.17. The option, originally granted on 07/15/2019 and set to expire on 07/15/2025, is now fully settled with no derivative securities remaining. After the transaction, Distler holds 100,296 shares directly and a further 78,446 shares indirectly (33,446 via a Family Limited Partnership and 45,000 through an IRA custodied by MLPFS).

Positive

• Director increased direct ownership by 10,000 shares through an option exercise, indicating continued equity alignment with shareholders.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director exercised 10k options at $18.17, lifting direct stake to 100,296 shares; routine transaction, neutral market impact.

The Form 4 details a straightforward option exercise by Director Stephen Distler. Because the shares were acquired through a pre-existing option (code M), the move does not represent an open-market purchase. Nevertheless, the lack of any concurrent disposition means the director’s net ownership has risen, modestly aligning his interests with other shareholders. No pricing premium, sale, or new compensation plan is disclosed, so the filing carries limited financial significance and is unlikely to affect valuation metrics or liquidity.

Insider Trade Summary

10,000 shares exercised/converted

Exercise 4 txns

Insider Distler Stephen

Role Director

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

Holdings After Transaction: Option to purchase — 0 contracts (Direct); Common Stock — 100,296 shares (Direct); Common Stock — 33,446 shares (Indirect, By Family Limited Partnership); Common Stock — 45,000 shares (Indirect, By MLPFS as custodian for IRA)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity occurred at Princeton Bancorp (BPRN) on 07/11/2025?

Director Stephen Distler exercised 10,000 stock options at $18.17 per share, acquiring the underlying common shares.

How many BPRN shares does Stephen Distler own after the transaction?

He now holds 100,296 shares directly and 78,446 shares indirectly.

What was the exercise price of the options in the Form 4 filing?

The options were exercised at an exercise price of $18.17 per share.

What transaction code was reported in the Form 4?

The filing lists transaction code M, indicating an option exercise/conversion.

Does the Form 4 show any indirect ownership for the director?

Yes, Distler holds 33,446 shares via a Family Limited Partnership and 45,000 shares through an IRA.

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

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Accepted by SEC EDGAR 07/14/2025 - 02:29 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^*

Distler Stephen

(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)

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

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	100,296	D
Common Stock								33,446	I	By Family Limited Partnership
Common Stock								45,000	I	By MLPFS as custodian for IRA

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:

	Stephen Distler, by Edward Hogan, 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.