Patriot National Bancorp grants $360K stock award

The restricted shares vest in full on March 31, 2027, subject to the EVP & Chief Credit Officer’s continued employment through that date.

Rhea-AI Filing Summary

Patriot National Bancorp Inc.’s Compensation, Nominating and Governance Committee granted EVP & Chief Credit Officer William Paul Simmons 422,486 shares of restricted stock on October 28, 2026, under the company’s 2025 Omnibus Equity Incentive Plan. The award was valued at $360,000 using the common stock’s closing price on the grant date. Simmons held 634,043 shares directly after the grant. The shares vest in full on March 31, 2027, subject to his continued employment through that date.

Insider Trade Summary

Grant/Award: 422,486 shares

Grant/Award 1 txn

Insider Simmons William Paul

Role EVP & Chief Credit Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	422,486	$0.8521	$360K

Holdings After Transaction: Common Stock — 634,043 shares (Direct)

Footnotes (1)

1. F1. On October 28, 2026, the Issuer's Compensation, Nominating and Governance Committee granted the Reporting Person 422,486 shares of restricted stock under the Issuer's 2025 Omnibus Equity Incentive Plan. The award was valued at $360,000 based on the closing price of the Issuer's common stock on the grant date. The shares vest in full on March 31, 2027, subject to the Reporting Person's continued employment through that date.

Key Figures

Restricted shares granted: 422,486 shares Award value: $360,000 Reported transaction price per share: $0.8521 per share +2 more

5 metrics

Restricted shares granted 422,486 shares Grant dated October 28, 2026

Award value $360,000 Based on the common stock’s closing price on the grant date

Reported transaction price per share $0.8521 per share Restricted-stock grant dated October 28, 2026

Direct holdings after grant 634,043 shares William Paul Simmons’s reported position following the transaction

Full vesting date March 31, 2027 Subject to continued employment through that date

Key Terms

restricted stock, vest in full, 2025 Omnibus Equity Incentive Plan

3 terms

restricted stock financial

"granted the Reporting Person 422,486 shares of restricted stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vest in full financial

"The shares vest in full on March 31, 2027"

2025 Omnibus Equity Incentive Plan financial

"under the Issuer's 2025 Omnibus Equity Incentive Plan"

FAQ

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

How many PNBK shares did William Paul Simmons receive in the award?

William Paul Simmons, EVP & Chief Credit Officer, received a grant of 422,486 restricted shares on October 28, 2026. The award was valued at $360,000 based on the common stock’s closing price on the grant date.

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

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Available on EDGAR 10/30/2026 - 04:43 PM EDT Accepted by SEC EDGAR 10/30/2026 - 04:43 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^*

Simmons William 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Credit Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/28/2026

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	10/28/2026		A(1)		422,486	A	$0.8521(1)	634,043	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

Explanation of Responses:

1. On October 28, 2026, the Issuer's Compensation, Nominating and Governance Committee granted the Reporting Person 422,486 shares of restricted stock under the Issuer's 2025 Omnibus Equity Incentive Plan. The award was valued at $360,000 based on the closing price of the Issuer's common stock on the grant date. The shares vest in full on March 31, 2027, subject to the Reporting Person's continued employment through that date.

	/s/ William Paul Simmons	10/30/2026
	** 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)