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PB Bankshares (PBBK) director reports 4,500-share stock option exercise

Filing Impact
(Neutral)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

PB Bankshares, Inc. director reported an option exercise and related share ownership update. On 12/03/2025, the insider exercised 4,500 stock options at an exercise price of $12.28 per share, receiving the same number of common shares. Following this transaction, the reporting person beneficially owns 12,500 shares of common stock directly and 10,000 shares indirectly through the company.

The filing notes that part of the direct holdings consists of restricted stock that vests 20% per year starting November 14, 2023. The exercised options were from a grant that also vests at 20% per year beginning on the same date, and after this exercise 3,000 stock options remain beneficially owned.

Positive

  • None.

Negative

  • None.
Insider Andress Spencer J
Role Director
Type Security Shares Price Value
Exercise Stock Options 4,500 $0.00 --
Exercise Common Stock 4,500 $12.28 $55K
holding Common Stock -- -- --
Holdings After Transaction: Stock Options — 3,000 shares (Direct); Common Stock — 12,500 shares (Direct); Common Stock — 10,000 shares (Indirect, By Company)
Footnotes (1)
  1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 14, 2023. Stock options vest at a rate of 20% per year commencing on November 14, 2023.
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*
Andress Spencer J
(Last) (First) (Middle)
185 E. LINCOLN HIGHWAY
(Street)
COATESVILLE PA 19320
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PB Bankshares, Inc. [ PBBK ] 		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)
12/03/2025
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 12/03/2025 M 4,500 A $12.28 12,500(1) D
Common Stock 10,000 I By Company
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 Options $12.28 12/03/2025 M 4,500 11/14/2023 11/14/2032 Common Stock 4,500(2) $0 3,000(2) D
Explanation of Responses:
1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 14, 2023.
2. Stock options vest at a rate of 20% per year commencing on November 14, 2023.
/s/ Lindsay Bixler, pursuant to power of attorney 12/05/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PB Bankshares (PBBK) report in this Form 4?

The filing reports that a director of PB Bankshares, Inc. exercised 4,500 stock options on 12/03/2025, acquiring 4,500 shares of common stock at an exercise price of $12.28 per share.

How many PB Bankshares (PBBK) shares does the insider own after the transaction?

After the reported transaction, the director beneficially owns 12,500 shares of common stock directly and 10,000 shares indirectly through the company.

What are the terms of the PB Bankshares (PBBK) restricted stock mentioned?

The filing states that the direct holdings include restricted stock that vests at a rate of 20% per year, starting on November 14, 2023.

What are the vesting terms of the PB Bankshares (PBBK) stock options?

The stock options vest at a rate of 20% per year commencing on November 14, 2023, according to the explanation of responses.

How many PB Bankshares (PBBK) stock options remain after this exercise?

After exercising 4,500 stock options, the director continues to beneficially own 3,000 stock options with an exercise price of $12.28 per share.

What role does the reporting person hold at PB Bankshares (PBBK)?

The reporting person is identified in the filing as a director of PB Bankshares, Inc.