Provident Financial (PROV) Director Matthew Webb Exercises Options

What Happened
Matthew Webb, a director of Provident Financial Holdings (PROV), exercised 7,000 stock options on July 30, 2026, acquiring 7,000 shares at $12.09 per share for a total cash outlay of $84,630. The filing also shows the corresponding option interest for 7,000 shares was converted/removed (reported as a derivative disposition at $0.00), which is the typical Form 4 presentation when options are exercised and converted into common shares. This was an acquisition of shares (not a sale).

Key Details

• Transaction date: 2026-07-30 (filed 2026-07-31). Filing appears timely.
• Exercise details: 7,000 shares acquired at $12.09 per share; total cost $84,630. Report also shows the 7,000 option units converted/disposed at $0.00 (derivative conversion).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Exercise relates to options granted Dec 14, 2023 that vested Dec 14, 2025.
  • F2: Webb still holds remaining option awards: 7,000 options (vest Dec 14, 2027) plus 10,000 options granted May 23, 2024 (50% vested May 23, 2026; remaining 50% vests May 23, 2028).
• No sale reported — this was not a cashless or market sale of the newly acquired shares as part of this filing.

Context
For retail investors: exercising vested options to acquire shares is generally a straightforward conversion of a derivative into common stock and can reflect a desire to increase direct share ownership (or to hold shares for tax/planning reasons). Because the filing shows acquisition rather than a sale, it is a purchase-type activity rather than a liquidity event. The footnotes indicate other option grants remain outstanding with future vesting schedules.