PB Bankshares (PBBK) insider acquires 4,500 shares via option exercise

Rhea-AI Filing Summary

PB Bankshares, Inc. reported that a company director exercised stock options on 12/12/2025, acquiring 4,500 shares of common stock at an exercise price of $12.28 per share. After this transaction, the director directly owns 9,500 shares of PB Bankshares common stock.

The filing also shows stock options originally covering 4,500 shares, with the options vesting at a rate of 20% per year commencing on November 14, 2023. Following the exercise, the director continues to hold 3,000 stock options, which are likewise subject to this vesting schedule.

Insider Trade Summary

0 shares exercised/converted

Mixed 2 txns

Insider Pinno John V III

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Options	0	$0.00	--
Exercise	Common Stock	4,500	$12.28	$55K

Holdings After Transaction: Stock Options — 3,000 shares (Direct); Common Stock — 9,500 shares (Direct)

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^*

Pinno John V III

(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)
12/12/2025

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	12/12/2025		M		4,500	A	$12.28	9,500(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 Options	$12.28	12/12/2025		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	12/16/2025
	** 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 PB Bankshares (PBBK) report in this Form 4?

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

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

After the reported option exercise, the director beneficially owns 9,500 shares of PB Bankshares common stock in direct ownership.

What stock options related to PB Bankshares (PBBK) are still held by the director?

Following the transaction, the director continues to hold 3,000 stock options on PB Bankshares common stock, as shown in the derivative securities table.

What is the exercise price and term of the PB Bankshares (PBBK) stock options?

The stock options have an exercise price of $12.28 per share and an expiration date of November 14, 2032, according to the derivative securities section.

How do the PB Bankshares (PBBK) stock options and restricted stock vest?

The filing explains that restricted stock included in the director’s holdings vests at 20% per year starting November 14, 2023, and that the stock options vest at the same 20% per year rate beginning on that date.

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

The reporting person is identified as a director of PB Bankshares, Inc. and the Form 4 is filed for one reporting person.