Director at Patriot National (PNBK) gets 133,333 RSU shares

Rhea-AI Filing Summary

Seabold Jeffrey T reported acquisition or exercise transactions in this Form 4 filing.

PATRIOT NATIONAL BANCORP INC director Jeffrey T. Seabold increased his equity stake through RSU vesting. On July 1, 2026, 133,333 Restricted Stock Units vested and were settled in shares of Common Stock at no cost to him. Following this transaction, he directly holds 133,583 Common shares. The vested RSUs were the first installment of a 400,000-unit award granted on July 1, 2025, which is scheduled to vest in three annual tranches of 133,333, 133,333 and 133,334 units on July 1, 2026, 2027 and 2028, leaving 266,667 RSUs unvested after this event.

Insider Trade Summary

133,333 shares exercised/converted

Mixed 2 txns

Insider Seabold Jeffrey T

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	133,333	$0.00	--
Exercise	Common Stock	133,333	$0.00	--

Holdings After Transaction: Restricted Stock Units — 266,667 shares (Direct, null); Common Stock — 133,583 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs vested and settled: 133,333 shares Common shares held after transaction: 133,583 shares Total RSU grant: 400,000 units +3 more

6 metrics

RSUs vested and settled 133,333 shares First installment vested on July 1, 2026

Common shares held after transaction 133,583 shares Direct ownership after July 1, 2026 settlement

Total RSU grant 400,000 units Grant received on July 1, 2025

Unvested RSUs remaining 266,667 units Balance after first tranche vested

Second RSU vesting tranche 133,333 units Scheduled to vest on July 1, 2027

Third RSU vesting tranche 133,334 units Scheduled to vest on July 1, 2028

Key Terms

Restricted Stock Units, RSUs, derivative security, vesting

4 terms

Restricted Stock Units financial

"the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 400,000 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.

RSUs financial

"133,333 shares, 133,333 shares, and 133,334 shares respectively as of July 1, 2026, 2027 and 2028"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

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.

vesting financial

"which will vest over three years (133,333 shares, 133,333 shares, and 133,334 shares respectively"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 06:12 PM Accepted by SEC EDGAR 07/02/2026 - 06:11 PM 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^*

Seabold Jeffrey T

(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)		133,333	A	$0(1)	133,583	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)			133,333	07/01/2026	07/01/2026	Common Stock	133,333	$0	266,667	D

Explanation of Responses:

1. On July 1, 2025, the Reporting Person was granted Restricted Stock Units ("RSUs") equal to 400,000 shares of Common Stock of the Issuer, which will vest over three years (133,333 shares, 133,333 shares, and 133,334 shares respectively as of July 1, 2026, 2027 and 2028). On July 1, 2026, the first installment of 133,333 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/ Jeffrey Thomas Seabold	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)

FAQ

What insider transaction did Patriot National Bancorp (PNBK) report for Jeffrey T. Seabold?

Patriot National Bancorp reported that director Jeffrey T. Seabold had 133,333 Restricted Stock Units vest and settle into Common Stock on July 1, 2026. The units converted to shares at no cost as part of his equity compensation package.

How many Patriot National Bancorp (PNBK) shares does Jeffrey T. Seabold hold after this Form 4?

After the July 1, 2026 RSU vesting, Jeffrey T. Seabold directly holds 133,583 shares of Patriot National Bancorp Common Stock. This figure reflects his updated ownership position following settlement of 133,333 Restricted Stock Units into shares.

What is the size and schedule of Jeffrey T. Seabold’s RSU grant at Patriot National Bancorp (PNBK)?

Jeffrey T. Seabold received 400,000 Restricted Stock Units on July 1, 2025, vesting over three years. Installments are 133,333 units on July 1, 2026, 133,333 on July 1, 2027, and 133,334 on July 1, 2028, subject to the grant’s vesting conditions.

Did Jeffrey T. Seabold pay cash for the newly acquired Patriot National Bancorp (PNBK) shares?

He did not pay cash for the new shares. The 133,333 shares of Common Stock were delivered upon vesting and settlement of Restricted Stock Units, and the filing states that no consideration was paid in connection with this settlement.

How many Patriot National Bancorp (PNBK) RSUs remain unvested for Jeffrey T. Seabold?

After the first 133,333-unit tranche vested on July 1, 2026, 266,667 Restricted Stock Units remain unvested for Jeffrey T. Seabold. These are scheduled to vest in two installments on July 1, 2027 and July 1, 2028, according to the award’s original terms.