Onorato Daniel A. 4

What Happened
Daniel A. Onorato, a director of Ameriserv Financial, received an award/acquisition of 7,250 shares of common stock on 2026-06-02 at an effective price of $3.79 per share, valued at $27,499. The transaction is recorded as an award (Form 4 code A) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-02; filing date: 2026-06-03 (filed the next day).
• Shares acquired: 7,250 at $3.79 per share; total reported value $27,499.
• Shares owned after the transaction: not specified in the filing.
• Footnote: the shares represent the annual retainer of $27,500 payable in shares to each independent director.
• Transaction type: Award/compensation (not a market purchase or sale).

Context
This was a compensation issuance (annual director retainer paid in stock), which is common for independent directors and does not necessarily indicate personal buying or selling intent. Such awards are routine and should be interpreted differently from open-market purchases, which are typically considered stronger signals about an insider’s view of the company.