Patriot National director exercises 12,575 RSUs

Patriot National Bancorp director Jonathan Paul Roth reported the vesting and settlement of 12,575 Restricted Stock Units into Common Stock.

Rhea-AI Filing Summary

Patriot National Bancorp director Jonathan Paul Roth reported the vesting and settlement of 12,575 Restricted Stock Units into Common Stock. These RSUs were part of a 37,727-share grant awarded on November 19, 2025, and vested on July 1, 2026, with no cash paid by Roth.

Following the transaction, Roth directly holds 13,825 shares of Common Stock and 25,152 remaining RSUs scheduled to vest in 2027 and 2028. The filing reflects a compensation-related derivative exercise and conversion, with no open-market share purchases or sales.

Insider Trade Summary

12,575 shares exercised/converted

Exercise 2 txns

Insider Roth Jonathan Paul

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	12,575	$0.00	$0.00
Exercise	Common Stock	12,575	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 25,152 contracts (Direct); Common Stock — 13,825 shares (Direct)

Footnotes (1)

1. F1. On November 19, 2025, the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 37,727 shares of Common Stock of the Issuer, which will vest over three years (12,575 shares, 12,575 shares, and 12,576 shares respectively as of July 1, 2026, 2027 and 2028). On July 1, 2026, the first installment of 12,575 RSUs vested and settled and the Issuer delivered shares of Common Stock in settlement thereof. No consideration was paid by the Reporting Person in connection with the settlement.

Key Figures

RSUs vested and settled: 12,575 RSUs Original RSU grant size: 37,727 RSUs Common shares held after transaction: 13,825 shares +3 more

6 metrics

RSUs vested and settled 12,575 RSUs First installment vested and settled on July 1, 2026

Original RSU grant size 37,727 RSUs Grant awarded on November 19, 2025

Common shares held after transaction 13,825 shares Direct Common Stock ownership following RSU settlement

RSUs remaining after first vest 25,152 RSUs Unvested balance from three-year RSU grant

Future vesting 2027 12,575 RSUs Scheduled to vest on July 1, 2027

Future vesting 2028 12,576 RSUs Scheduled to vest on July 1, 2028

Key Terms

Restricted Stock Units, vested and settled, derivative security, consideration

4 terms

Restricted Stock Units financial

"the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 37,727 shares"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vested and settled financial

"On July 1, 2026, the first installment of 12,575 RSUs vested and settled"

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

consideration financial

"No consideration was paid by the Reporting Person in connection with the settlement."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Jonathan Paul Roth report in this Patriot National Bancorp (PNBK) Form 4?

Jonathan Paul Roth reported the vesting and settlement of 12,575 Restricted Stock Units into Common Stock. These units came from a prior 37,727-share RSU grant and converted on July 1, 2026 as part of his director compensation, without any cash payment by him.

How many Patriot National Bancorp (PNBK) RSUs were originally granted to Jonathan Paul Roth?

Roth was originally granted Restricted Stock Units equal to 37,727 shares of Patriot National Bancorp Common Stock. The grant vests over three years in tranches of 12,575 shares, 12,575 shares, and 12,576 shares on July 1, 2026, 2027 and 2028, respectively.

How many PNBK shares did Jonathan Paul Roth acquire through RSU vesting on July 1, 2026?

He acquired 12,575 shares of Patriot National Bancorp Common Stock through the vesting and settlement of an equal number of RSUs. The issuer delivered these shares upon vesting as equity compensation, and Roth paid no consideration in connection with the settlement of the RSUs.

What are Jonathan Paul Roth’s Patriot National Bancorp holdings after this Form 4 transaction?

After the transaction, Roth directly holds 13,825 shares of Patriot National Bancorp Common Stock. He also has 25,152 remaining Restricted Stock Units from the same grant that are scheduled to vest in two future annual installments, providing additional potential share delivery over time.

Were any Patriot National Bancorp (PNBK) shares sold or bought on the market in this Form 4?

No market purchases or sales were reported. The Form 4 shows an exercise or conversion of a derivative security, where 12,575 RSUs vested and settled into Common Stock. The issuer delivered shares as compensation, and Roth did not pay consideration or sell shares in this event.

How are Jonathan Paul Roth’s remaining Patriot National Bancorp RSUs scheduled to vest?

The remaining RSUs from the 37,727-share grant are scheduled to vest in two installments. According to the grant terms, 12,575 RSUs are set to vest on July 1, 2027, and 12,576 RSUs are scheduled to vest on July 1, 2028, subject to the grant’s conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 06:12 PM EDT 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^*

Roth Jonathan Paul

(Last) (First) (Middle)

C/O PATRIOT NATIONAL BANCORP, INC.

900 BEDFORD STREET

(Street)

STAMFORD CONNECTICUT 06901

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PATRIOT NATIONAL BANCORP INC [ PNBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	07/01/2026		M(1)		12,575	A	$0(1)	13,825	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
Restricted Stock Units	$0	07/01/2026		M(1)			12,575	07/01/2026	07/01/2026	Common Stock	12,575	$0	25,152	D

Explanation of Responses:

1. On November 19, 2025, the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 37,727 shares of Common Stock of the Issuer, which will vest over three years (12,575 shares, 12,575 shares, and 12,576 shares respectively as of July 1, 2026, 2027 and 2028). On July 1, 2026, the first installment of 12,575 RSUs vested and settled and the Issuer delivered shares of Common Stock in settlement thereof. No consideration was paid by the Reporting Person in connection with the settlement.

	/s/ Jonathan Paul Roth	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)