PB Bankshares officer exercises options, acquires 1,000 shares

PB Bankshares, Inc. reporting person, who serves as Chief Information & Operations Officer, exercised employee stock options on December 10, 2025, acquiring 1,000 shares of common stock at $12.28 per share.

Rhea-AI Filing Summary

PB Bankshares, Inc. reporting person, who serves as Chief Information & Operations Officer, exercised employee stock options on December 10, 2025, acquiring 1,000 shares of common stock at $12.28 per share. These options carry a $12.28 exercise price, vest at a rate of 20% per year starting November 14, 2023, and expire on November 14, 2032.

Following this transaction, the officer beneficially owned 12,056 shares of common stock directly, including restricted stock that vests 20% per year beginning November 14, 2023. The officer also held 652 shares through an IRA, 264 shares through a rollover IRA, 91 shares through a Roth IRA, and 19,023 stock options.

Insider Trade Summary

0 shares exercised/converted

Exercise 5 txns

Insider Witt Larry

Role Chief Info. & Oper. Officer

Type	Security	Shares	Price	Value
Exercise	Stock Options	0	$0.00	$0.00
Exercise	Common Stock	1,000	$12.28	$12K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options — 19,023 contracts (Direct); Common Stock — 12,056 shares (Direct); Common Stock — 652 shares (Indirect, By IRA); Common Stock — 264 shares (Indirect, By Rollover IRA); Common Stock — 91 shares (Indirect, By Roth IRA)

Footnotes (2)

1. F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 14, 2023.
2. F2. Stock options vest at a rate of 20% per year commencing on November 14, 2023.

FAQ

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

A PB Bankshares officer reported exercising employee stock options on December 10, 2025, acquiring 1,000 shares of common stock at $12.28 per share.

What is the role of the reporting person at PB Bankshares (PBBK)?

The reporting person is an officer of PB Bankshares, serving as Chief Information & Operations Officer.

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

After the transaction, the officer directly beneficially owned 12,056 shares of common stock, plus 652 shares via an IRA, 264 via a rollover IRA, and 91 via a Roth IRA.

What stock options remain for the PB Bankshares (PBBK) officer after this exercise?

The officer held 19,023 stock options following the reported transaction, with underlying common stock and vesting described in the footnotes.

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

The filing states that both the restricted stock included in the 12,056 direct shares and the stock options vest at a rate of 20% per year, commencing on November 14, 2023.

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

The exercised stock options had an exercise price of $12.28 per share, became exercisable on November 14, 2023, and have an expiration date of November 14, 2032.

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Accepted by SEC EDGAR 12/12/2025 - 10:17 AM 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^*

Witt Larry

(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)
	Chief Info. & Oper. Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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	12/10/2025		M		1,000	A	$12.28	12,056(1)	D
Common Stock								652	I	By IRA
Common Stock								264	I	By Rollover IRA
Common Stock								91	I	By Roth 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	12/10/2025		M			$1,000	11/14/2023	11/14/2032	Common Stock	1,000(2)	$0	19,023(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	12/12/2025
	** 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.