[Form 4] PNC Financial Services Group Insider Trading Activity

Rhea-AI Filing Summary

Royce & Associates LP ("RALP") has filed Amendment No. 2 to Schedule 13G for J. Jill, Inc. (ticker: JILL). As of 30 June 2025, the investment adviser reports beneficial ownership of 982,885 common shares, representing 6.43 % of the outstanding stock. RALP holds sole voting and dispositive power over the entire position and discloses no shared powers. The filing is made under Rule 13d-1(b) as an investment adviser ("IA"); no group status is claimed and no other entities are reported to share ownership.

The shares are held in ordinary course for RALP’s advisory clients. RALP, an indirect subsidiary of Franklin Resources, Inc., states that information barriers segregate its investment decisions from other Franklin affiliates. The certification confirms the stake was not acquired to influence control of the issuer.

• Event date: 30 Jun 2025; filing signed 22 Jul 2025 by Vice President Daniel A. O'Byrne.
• Threshold relevance: crossing/remaining above the 5 % disclosure line keeps JILL on institutional holders’ radar.

Positive

• Institutional holder controls 6.43 % of shares, signalling continued professional investor interest and potentially improving market liquidity.

Negative

• None.

Insights

Portfolio Manager

TL;DR: RALP discloses a 6.4 % passive stake in JILL—neutral signal, but sustained institutional support may aid liquidity.

Institutional ownership above 5 % is material for tracking float dynamics, yet this amendment offers no indication of intent to influence strategy or board composition. RALP classifies itself as a passive investment adviser, with sole voting/disposition authority, suggesting a stable—though not activist—holder. The stake size is modest in dollar terms given JILL’s micro-cap profile but can improve market visibility and trading depth. Impact on near-term price action is usually limited unless accompanied by buying/ selling momentum, which the filing does not reveal. Overall, I view the disclosure as neutral for valuation but mildly supportive for liquidity.

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).

1. Name and Address of Reporting Person^*

Schab Amanda Rosseter

(Last) (First) (Middle)

THE TOWER AT PNC PLAZA

300 FIFTH AVENUE

(Street)

PITTSBURGH PA 15222

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PNC FINANCIAL SERVICES GROUP, INC. [ PNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
07/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
$5 Par Common Stock	07/19/2025		F(1)		559	D	$196.52	8,237	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. Represents shares withheld to cover the reporting person's tax liability in connection with the vesting of restricted share units previously reported on Form 3.

Remarks:

	Laura Gleason, Attorney-in- Fact for Amanda Rosseter Schab	07/22/2025
	** 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.

FAQ

How many JILL shares does Royce & Associates LP own?

The filing reports 982,885 common shares beneficially owned.

What percentage of J. Jill’s outstanding stock does this represent?

The stake equals 6.43 % of the common stock.

Does Royce & Associates have sole voting power over its JILL shares?

Yes. It holds sole voting and dispositive power over all reported shares.

Is the position passive or activist in nature?

Filed under Rule 13d-1(b) as an investment adviser, the stake is declared passive.

When was the ownership reference date for this 13G/A?

The shares were held as of 30 June 2025; the amendment was signed 22 July 2025.

Why did Royce & Associates file an amendment (Amendment No. 2)?

13G amendments are required to update ownership details; this filing refreshes RALP’s stake and percentage.