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 director Jeffrey T. Seabold is reporting his existing equity holdings in the company. He holds options to purchase 400,000 shares of common stock at an exercise price of $1.40 per share, expiring on June 26, 2026.
These options were granted on June 26, 2025, vested in full on that date, and were fully exercisable before he became subject to Section 16(a) reporting on November 19, 2025. He also directly holds 250 shares of common stock, which were purchased in the open market prior to that reporting date.
PATRIOT NATIONAL BANCORP INC director Liu Ida Haung filed an initial Form 3 ownership report. The filing shows no reported transactions, no derivative positions, and no holding entries, serving as a baseline disclosure of insider status rather than a record of recent trading activity.
Patriot National Bancorp, Inc. reported leadership changes affecting both management and its board. On April 3, 2026, Frederick Staudmyer separated from Patriot Bank, N.A. and the Company, ending his roles as Executive Vice President and Chief Administrative Officer of the Bank and Chief Human Resources Officer and Secretary of the Company. He will continue to provide consulting services during a transition period, and the Company acknowledged his nearly twelve years of service.
On April 2, 2026, Ida Liu resigned from the Company’s board of directors due to her new employment. The Company stated that neither Staudmyer nor Liu had any disagreements with the Company, its management, or the board regarding operations, policies, or practices.
Patriot National Bancorp reports a major 2025 overhaul of its balance sheet, risk controls, and business model following a January 2025 Formal Agreement with the OCC. Assets rose to $1.09 billion, driven by higher cash and securities as loans shrank 16% to $592.6 million.
Management recapitalized the company, tightened lending, shifted excess liquidity into government and mortgage-backed securities, and refocused on relationship banking, institutional banking, and digital payments. Credit costs improved sharply, with net charge-offs falling to 0.32% of average loans and the allowance for credit losses at $6.8 million, or 1.15% of loans.
The OCC agreement designates the Bank in “troubled condition” and imposes elevated capital targets and extensive remediation in capital planning, BSA/AML, payments oversight, and risk management. Management also disclosed a material weakness in internal control over financial reporting as of December 31, 2025, requiring substantial ongoing remediation.
Sugarman Steven reported acquisition or exercise transactions in this Form 4 filing.
PATRIOT NATIONAL BANCORP INC President and CEO Steven Sugarman had 4,049,593 restricted stock units vest on March 25, 2026. Upon vesting, 2,089,043 shares of voting common stock were delivered to him, while 1,960,550 shares were withheld to satisfy tax obligations under the company’s tax policy.
Following these transactions, Sugarman holds 2,089,043 shares of voting common stock directly. In addition, 9,019,978 shares of voting common stock are held indirectly through the Steven and Ainslie Sugarman Living Trust, which is a revocable living trust for the benefit of Sugarman and his spouse, who both serve as trustees.
Patriot National Bancorp’s major shareholders updated their ownership disclosure in this amended Schedule 13D. Steven Sugarman, his spouse Ainslie Sugarman and their living trust now report beneficial ownership of 11,109,021 shares of voting common stock, representing 9.49% of the company’s voting shares as of March 25, 2026.
The filing details several equity events, including automatic conversion of 25,000 shares of Series A preferred into 2,000,000 non-voting shares, later converted into 2,000,000 voting shares. It also describes 4,049,593 restricted stock units vesting into 2,089,043 shares, with 1,960,550 shares withheld for taxes, and notes an agreement capping Sugarman’s beneficial ownership at 9.99% of outstanding voting securities.
PATRIOT NATIONAL BANCORP INC director Jonathan Paul Roth bought shares in the company. A footnote states that on December 19, 2025, he purchased 1,250 shares of common stock on the open market at an average price of $1.83 per share. Following this transaction, he directly holds 1,250 common shares.
PATRIOT NATIONAL BANCORP INC director reports initial shareholdings. Jeffrey T. Seabold filed a Form 3 showing beneficial ownership of 250 shares of Common Stock, held directly. A footnote explains these shares were purchased in open-market transactions before November 19, 2025, the date triggering the reporting requirement.
Patriot National Bancorp, Inc. furnished an investor presentation summarizing certain Q4 2025 financial information for Patriot Bank, National Association, its wholly owned banking subsidiary. The presentation was posted on the company’s Investor Relations website and attached as Exhibit 99.1.
The information is provided under Regulation FD as “furnished,” not “filed,” which means it is not automatically subject to certain Exchange Act liabilities or incorporated into other securities law filings unless specifically referenced.
Patriot National Bancorp, Inc. reported that its Board of Directors appointed three new directors on November 19, 2025: Ida Liu, Jonathan Roth and Jeffrey Seabold. Liu brings extensive global private banking experience from senior roles at Citi Private Bank, Roth adds nearly 40 years in real estate investment management and law, and Seabold contributes a background in commercial banking, community development finance, and bank entrepreneurship.
The company also posted an updated presentation of certain Q3 2025 financial information for Patriot Bank, National Association, on its investor relations website and furnished it as Exhibit 99.1. This information is furnished under Regulation FD and is not deemed filed for liability purposes under the Exchange Act.