[SCHEDULE 13G/A] PATRIOT NATIONAL BANCORP INC SEC Filing

Rhea-AI Filing Summary

LMI Partners, LLC reports beneficial ownership of 285,915 shares of Patriot National Bancorp Inc. common stock, representing 0.25% of the outstanding class based on 114,991,017 shares reported by the issuer. The filer states it holds sole voting and dispositive power over all reported shares and that the filing is an amendment filed because the holder's percentage ownership declined below 5% solely due to a change in the issuer's total outstanding shares. The statement also certifies the shares were not acquired to influence control of the company.

Positive

• Clear disclosure of exact share count: 285,915 shares
• Sole voting and dispositive power over all reported shares
• Explicit certification the holdings are not intended to influence control

Negative

• Ownership percentage declined below 5%, now 0.25%, due to an increase in outstanding shares
• Position is immaterial (0.25%), unlikely to affect corporate governance or strategy

Insights

Financial Analyst

TL;DR: Minor passive stake: 285,915 shares (0.25%), sole voting/dispositive power, below 5% due to share count change; not a strategic control position.

From an investor perspective this filing signals a small, passive position by an institutional holder. The position size (0.25%) is immaterial to market or governance outcomes and the filer explicitly disclaims any intent to influence control. Changes in percentage ownership are attributed to a shift in total shares outstanding rather than active buying or selling by the reporting person. Expect no proxy or control implications from this disclosure.

Corporate Governance Expert

TL;DR: Disclosure shows compliance and transparency; ownership below 5% removes certain reporting/activism implications.

The amendment clarifies that LMI Partners retains sole voting and disposal authority over the reported shares but remains under the 5% threshold that typically triggers heightened reporting and potential activist signaling. The certification that the shares were not acquired to influence control reduces governance concerns. This is a routine compliance filing following a change in the issuer's outstanding share base.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

PATRIOT NATIONAL BANCORP INC

(Name of Issuer)

Common Stock, par value $0.01

(Title of Class of Securities)

70336F203

(CUSIP Number)

09/15/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 70336F203

1

Names of Reporting Persons

LMI Partners, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 285,915.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 285,915.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

285,915.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.25 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The reporting person has not sold any of the Issuer's securities and is filing this amendment because, solely as a result of a change in the aggregate number of the Issuer's outstanding securities, the reporting person's ownership has fallen below 5%.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PATRIOT NATIONAL BANCORP INC
(b)	Address of issuer's principal executive offices: 900 Bedford Street, 3rd Floor, Stamford, CT 06901
Item 2.
(a)	Name of person filing: LMI Partners, LLC
(b)	Address or principal business office or, if none, residence: 954 Lexington Avenue, Suite 124, New York, NY 10021
(c)	Citizenship: Delaware/USA
(d)	Title of class of securities: Common Stock, par value $0.01
(e)	CUSIP No.: 70336F203
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 285,915
(b)	Percent of class: 0.25% (based on 114,991,017 shares of common stock, $0.01 par value per share outstanding as reported by the Issuer in its prospectus supplement filed with the U.S. Securities and Exchange Commission on September 2, 2025).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 285,915
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 285,915
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

LMI Partners, LLC

Signature:	/s/ J. Daniel Graham
Name/Title:	J. Daniel Graham/Vice President
Date:	09/15/2025

FAQ

How many shares of PNBK does LMI Partners, LLC report owning?

LMI Partners reports beneficial ownership of 285,915 shares of Patriot National Bancorp Inc. common stock.

What percentage of PNBK does that represent?

The reported holdings represent 0.25% of the outstanding class, based on 114,991,017 shares outstanding as reported by the issuer.

Does LMI Partners have voting control over these shares?

Yes. The filer reports sole voting power and sole dispositive power over the 285,915 shares.

Why was this Schedule 13G amended?

The amendment states the filing was made because the reporting person's ownership fell below 5% solely due to a change in the issuer's outstanding shares.

Is LMI Partners seeking to influence control of PNBK?

No. The certification states the securities were not acquired and are not held to change or influence control of the issuer.