STOCK TITAN

PB Bankshares (PBBK) director boosts holdings via option exercise

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

Rhea-AI Filing Summary

PB Bankshares, Inc. (PBBK) director reported exercising stock options for 6,825 shares of common stock on 11/24/2025 at an exercise price of $12.28 per share. After this transaction, the director beneficially owns 50,795 shares directly, plus 10,000 shares held by a spouse, 1,000 shares held by an IRA, and 1,000 shares held by the spouse’s IRA. The exercised options were part of a grant of stock options with an exercise price of $12.28 that vest at a rate of 20% per year starting on November 14, 2023 and expire on November 14, 2032, with 4,552 derivative securities remaining beneficially owned following the transaction.

Positive

  • None.

Negative

  • None.
Insider Carroll Joseph W
Role Director
Type Security Shares Price Value
Exercise Stock Options 6,825 $0.00 --
Exercise Common Stock 6,825 $12.28 $84K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Stock Options — 4,552 shares (Direct); Common Stock — 50,795 shares (Direct); Common Stock — 10,000 shares (Indirect, By Spouse)
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.
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*
Carroll Joseph W

(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)
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 6,825 A $12.28 50,795(1) D
Common Stock 10,000 I By Spouse
Common Stock 1,000 I By IRA
Common Stock 1,000 I By Spouse's 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
Stock Options $12.28 11/24/2025 M 6,825 11/14/2023 11/14/2032 Common Stock 6,825(2) $0 4,552(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.

FAQ

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

A director of PB Bankshares, Inc. (PBBK) reported exercising stock options to acquire 6,825 shares of common stock on 11/24/2025 at an exercise price of $12.28 per share.

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

Following the reported transaction, the director beneficially owns 50,795 PB Bankshares common shares directly, plus 10,000 held by a spouse, 1,000 held by an IRA, and 1,000 held by the spouse’s IRA.

What is the exercise price and vesting schedule of the PB Bankshares options?

The stock options have an exercise price of $12.28 per share and vest at a rate of 20% per year commencing on November 14, 2023, according to the disclosure.

How many PB Bankshares derivative securities remain after the option exercise?

After exercising part of the grant, the director beneficially owns 4,552 remaining stock options with an exercise price of $12.28, expiring on November 14, 2032.

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

The reporting person is identified as a Director of PB Bankshares, Inc. (PBBK) in the filing.

How is indirect ownership in PB Bankshares (PBBK) reported for this insider?

Indirect ownership includes 10,000 shares held by a spouse, 1,000 shares held by the reporting person’s IRA, and 1,000 shares held by the spouse’s IRA.