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Patriot National Bancorp filings document the regulatory disclosures of a Connecticut bank holding company and its wholly owned banking subsidiary, Patriot Bank, N.A. The record includes current reports on Regulation FD presentations, material agreements, director indemnification arrangements, board appointments and departures, officer changes, capital actions and debt-related matters.
Proxy filings describe annual meeting proposals, director elections, auditor ratification and capital-structure voting matters. Other disclosures address common stock, preferred stock, senior notes, completed note repayment and conversion activity, governance procedures, executive compensation arrangements, and shareholder voting mechanics tied to the company’s public-company and bank holding company status.
PATRIOT NATIONAL BANCORP INC — joint beneficial ownership filing. The filing reports that the group led by Alon Abady beneficially owns 19,700,000 shares of Common Stock, equal to 9.99% of the class. Applicable percentage is based on 117,085,713 shares outstanding as of April 7, 2026. The filing is a joint statement covering four reporting persons (the Individual, Moniqua 30 LLC, Horizon Trust FBO Alon Abady IRA, and the Abady Family Trust) and discloses holdings and voting/dispositive powers, including 11,100,000 warrants held by the Abady Family Trust that may convert into non-voting common stock subject to specified "Non-Control Conditions."
Patriot National Bancorp director Mario De Tomasi bought additional shares of the company’s common stock in an open-market transaction. On May 27, 2026, he purchased 85,000 shares at an average price of $0.96 per share. Following this purchase, he directly holds 187,719 common shares.
Simmons William Paul reported acquisition or exercise transactions in this Form 4 filing.
Patriot National Bancorp EVP & Chief Credit Officer William Paul Simmons received a grant of 74,983 Restricted Stock Units (RSUs) tied to Common Stock on May 20, 2026. The award was made under his April 30, 2025 employment agreement and vests in three equal annual installments through May 20, 2029. Following this grant, he holds 741,650 RSUs directly.
Salas Carlos P reported acquisition or exercise transactions in this Form 4 filing.
Patriot National Bancorp executive vice president and chief financial officer Carlos P. Salas received a compensation grant of Restricted Stock Units equal to 74,983 shares of common stock. These RSUs were granted under his employment agreement and vest in three annual installments starting on May 20, 2027.
Each vesting date will deliver 24,994 shares on the first and second anniversaries and 24,995 shares on the third anniversary. Following this award, Salas has 741,650 shares represented by derivative securities reported in this filing, reflecting a sizable ongoing equity stake aligned with the company’s stock performance.
Patriot National Bancorp, Inc. reported results of its 2026 Annual Meeting of Shareholders. Shareholders elected seven directors to serve until the next annual meeting, with each nominee receiving a clear majority of votes cast, while broker non-votes were recorded on each director election.
Shareholders also authorized the Board to amend the certificate of incorporation to implement a reverse stock split of all issued and outstanding common shares at a ratio between 1‑for‑10 and 1‑for‑20. The Board may choose the exact ratio and timing in its sole discretion within one year of approval. In addition, shareholders ratified the appointment of Baker Tilly US, LLP as the independent registered public accounting firm for the year ending December 31, 2026. There were 117,085,713 shares of voting common stock outstanding and entitled to vote as of the April 7, 2026 record date, and shareholders representing approximately 76.7% of these shares were present in person or by proxy.
PATRIOT NATIONAL BANCORP INC director Mario De Tomasi reported an open-market purchase of common stock. On May 20, 2026, he bought 87,719 shares at an average price of $1.15 per share, bringing his direct common stock holdings to 102,719 shares.
The filing also notes a prior equity award. On July 1, 2025, he was granted 66,667 Restricted Stock Units tied to an equal number of common shares. These RSUs vest in three annual installments of 22,222, 22,222 and 22,223 units on July 1 of 2026, 2027 and 2028.
Patriot National Bancorp, Inc. reported a first‑quarter 2026 net loss of $1.8M, improving from a $2.8M loss a year earlier, or a basic and diluted loss per share of $0.02 versus $0.21. Total assets rose to $1.18B, driven by loan growth to $759.0M and deposits increasing to $1.05B.
Net interest income nearly doubled to $7.1M, helped by higher securities income and lower interest expense, while digital payments income grew to $2.8M. However, higher salaries and other operating costs lifted non‑interest expense to $12.2M, keeping the company in a loss position.
Comprehensive loss was $4.0M, mainly from $2.2M in unrealized losses on available‑for‑sale securities as interest rates impacted bond values. Asset quality metrics show non‑accrual loans of $22.9M and an allowance for credit losses of $7.8M. At the bank level, regulatory capital ratios remain above both standard requirements and the higher minimums set in the OCC agreement, though the bank continues to be classified as “adequately capitalized.”
Patriot National Bancorp, Inc. furnished an investor presentation containing certain Q1 2026 financial information for its wholly owned subsidiary, Patriot Bank, National Association. The presentation was posted on the Company’s Investor Relations website and is included as Exhibit 99.1 to this report under Regulation FD.
The Company states that this information, including the exhibit, is being furnished rather than filed under the Securities Exchange Act of 1934 and will only be incorporated by reference into other securities filings if expressly stated there.
Patriot National Bancorp EVP & CFO Carlos P. Salas reported equity compensation activity involving Restricted Stock Units and related tax withholding. On April 30, 2026, 333,333 RSUs granted on April 30, 2025 vested and settled into shares of Common Stock, with no cash paid by Salas at settlement.
The company withheld 123,683 shares at $1.23 per share to cover applicable tax obligations, so those withheld shares were not delivered to him. After these transactions, Salas holds 209,650 shares of Common Stock directly and 1,333,334 shares indirectly through HECA Management LLC, where he is managing member and holds sole voting and dispositive power over those securities acquired in a prior $57.75 million private placement.
Patriot National Bancorp EVP & CFO Carlos P. Salas reported routine equity compensation activity and updated holdings. On April 30, 2026, 333,333 Restricted Stock Units vested and settled into an equal number of common shares. No cash consideration was paid for this settlement.
To cover tax obligations on the vesting, 121,776 common shares were withheld by the company at $1.23 per share, and were not delivered to Salas, leaving 211,557 vested shares held directly. The filing also notes an indirect holding of 1,333,334 common shares through HECA Management LLC, which acquired its position in a $57.75 million private placement completed on March 20, 2025, over which Salas is deemed to have sole voting and dispositive power.