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  4. [Form 4] PB Bankshares, Inc. Insider Trading Activity

PBBK insider boosts holdings via 11,625-share stock option exercise

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

Rhea-AI Filing Summary

PB Bankshares, Inc. (PBBK) executive vice president and chief credit/risk officer reported an exercise of employee stock options and acquisition of common stock. On 11/24/2025, the insider exercised options (transaction code M) to acquire 11,625 shares of common stock at a price of $12.28 per share. Following this transaction, the insider beneficially owns 19,090 shares of PB Bankshares common stock in direct form, which includes restricted shares that vest 20% per year starting November 14, 2023.

The exercised options came from a grant that also vests 20% per year beginning November 14, 2023. After this exercise, the insider continues to hold 7,752 stock options at an exercise price of $12.28, expiring on November 14, 2032.

Positive

  • None.

Negative

  • None.
Insider Sayre William H
Role EVP, Chief Credit/Risk Officer
Type Security Shares Price Value
Exercise Stock Options 11,625 $0.00 --
Exercise Common Stock 11,625 $12.28 $143K
Holdings After Transaction: Stock Options — 7,752 shares (Direct); Common Stock — 19,090 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*
Sayre William H
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief Credit/Risk Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025
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 11/24/2025 M 11,625 A $12.28 19,090(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 11/24/2025 M 11,625 11/14/2023 11/14/2032 Common Stock 11,625(2) $0 7,752(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 11/26/2025
** 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 on this Form 4?

The filing reports that an executive vice president and chief credit/risk officer exercised employee stock options (transaction code M) on 11/24/2025 to acquire 11,625 shares of PB Bankshares common stock at $12.28 per share.

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

After the reported transaction, the insider beneficially owns 19,090 shares of PB Bankshares common stock in direct form, including restricted stock that vests over time.

What stock option grant was involved in the PB Bankshares (PBBK) Form 4?

The transaction involved stock options with an exercise price of $12.28 that vest at a rate of 20% per year commencing on November 14, 2023, with an expiration date of November 14, 2032.

How many PB Bankshares (PBBK) stock options does the insider still hold?

Following the exercise of 11,625 options, the insider continues to hold 7,752 stock options with an exercise price of $12.28 per share.

What does the restricted stock detail in the PB Bankshares (PBBK) Form 4 mean?

The filing notes that the reported share total includes restricted stock that vests 20% per year starting on November 14, 2023, meaning portions of those shares become fully owned each year.

Who is the reporting person in the PB Bankshares (PBBK) Form 4 and what is their role?

The reporting person is an officer of PB Bankshares, serving as EVP, Chief Credit/Risk Officer, and the form is filed for one reporting person.