Patriot National Bancorp grants CEO 293K stock units

Q: How many RSUs did PNBK CEO Steven Sugarman receive?

Steven Sugarman received 293,098 restricted stock units on October 14, 2026, as a quarterly equity award for the third quarter of 2026. The award was made under his employment agreement with Patriot National Bancorp Inc.

Q: How many PNBK voting common shares did Steven Sugarman hold?

As of October 14, 2026, Steven Sugarman directly held 2,901,531 shares of voting common stock and indirectly held 9,019,978 shares through the Steven and Ainslie Sugarman Living Trust. The trust is for the benefit of Sugarman and his spouse, who are its trustees.

Patriot National Bancorp Inc. (PNBK) reports that President and CEO Steven Sugarman was granted 293,098 restricted stock units on October 14, 2026, as a third-quarter equity award under his employment agreement.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Patriot National Bancorp Inc. (PNBK) reports that President and CEO Steven Sugarman was granted 293,098 restricted stock units on October 14, 2026, as a third-quarter equity award under his employment agreement. The RSUs vest in 12 equal monthly installments from October 14, 2026, through October 14, 2027, and are scheduled to settle on October 14, 2027, when the one-year restricted period expires.

Insider Trade Summary

Grant/Award: 293,098 shares

Grant/Award 3 txns

Insider Sugarman Steven

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units ^F2	293,098	$0.00	$0.00
holding	Voting Common Stock	--	--	--
holding	Voting Common Stock ^F1	--	--	--

Holdings After Transaction: Restricted Stock Units — 426,982 contracts (Direct); Voting Common Stock — 2,901,531 shares (Direct); Voting Common Stock — 9,019,978 shares (Indirect, By Steven and Ainslie Sugarman Living Trust)

Footnotes (2)

F1. The Trust is a revocable living trust for the benefit of the Reporting Person and his spouse. The Reporting Person and his spouse are the trustees of the Trust.
F2. On October 14, 2026, pursuant to the Reporting Person's employment agreement with the Issuer, effective as of March 20, 2025 (the "Employment Agreement"), the Reporting Person was granted 293,098 RSUs as a quarterly equity award for the third quarter of 2026. Such RSUs will vest in twelve (12) equal monthly installments commencing on October 14, 2026 and ending on October 14, 2027. Pursuant to the terms of the Employment Agreement, the RSUs are subject to a one-year restricted period expiring on October 14, 2027 and will be settled on the date of expiration of the restricted period

Key Figures

RSUs granted: 293,098 restricted stock units RSUs held after award: 426,982 restricted stock units Direct voting common shares: 2,901,531 shares +2 more

5 metrics

RSUs granted 293,098 restricted stock units Third-quarter 2026 equity award granted October 14, 2026

RSUs held after award 426,982 restricted stock units As of October 14, 2026

Direct voting common shares 2,901,531 shares Steven Sugarman's reported holdings as of October 14, 2026

Indirect voting common shares through trust 9,019,978 shares Steven and Ainslie Sugarman Living Trust holdings as of October 14, 2026

Monthly vesting installments 12 installments Beginning October 14, 2026, and ending October 14, 2027

Key Terms

Restricted Stock Units, quarterly equity award, restricted period

3 terms

Restricted Stock Units financial

"Restricted Stock Units"

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.

quarterly equity award financial

"granted 293,098 RSUs as a quarterly equity award for the third quarter of 2026"

restricted period financial

"RSUs are subject to a one-year restricted period expiring on October 14, 2027"

FAQ

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

How many RSUs did PNBK CEO Steven Sugarman receive?

Steven Sugarman received 293,098 restricted stock units on October 14, 2026, as a quarterly equity award for the third quarter of 2026. The award was made under his employment agreement with Patriot National Bancorp Inc.

How many PNBK voting common shares did Steven Sugarman hold?

As of October 14, 2026, Steven Sugarman directly held 2,901,531 shares of voting common stock and indirectly held 9,019,978 shares through the Steven and Ainslie Sugarman Living Trust. The trust is for the benefit of Sugarman and his spouse, who are its trustees.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 10/16/2026 - 10:58 AM EDT Accepted by SEC EDGAR 10/16/2026 - 10:57 AM EDT

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^*

Sugarman Steven

(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
X	Officer (give title below)	Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Voting Common Stock								2,901,531	D
Voting Common Stock								9,019,978	I	By Steven and Ainslie Sugarman Living Trust⁽¹⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0	10/14/2026		A⁽²⁾		293,098		10/14/2027	10/14/2027	Voting Common Stock	293,098	$0	426,982	D

Explanation of Responses:

1. The Trust is a revocable living trust for the benefit of the Reporting Person and his spouse. The Reporting Person and his spouse are the trustees of the Trust.

2. On October 14, 2026, pursuant to the Reporting Person's employment agreement with the Issuer, effective as of March 20, 2025 (the "Employment Agreement"), the Reporting Person was granted 293,098 RSUs as a quarterly equity award for the third quarter of 2026. Such RSUs will vest in twelve (12) equal monthly installments commencing on October 14, 2026 and ending on October 14, 2027. Pursuant to the terms of the Employment Agreement, the RSUs are subject to a one-year restricted period expiring on October 14, 2027 and will be settled on the date of expiration of the restricted period

	/s/ Steven Sugarman	10/16/2026
	** 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)

Source: View Original Filing on SEC EDGAR