TUCHMAN MARTIN 4

What Happened
Martin Tuchman, a reported 10% owner of Princeton Bancorp (BPRN), was credited with a grant/award of 2,250 restricted stock units (RSUs) and on the following day had derivative-share transactions showing an exercise/conversion of 1,700 shares and a same-day disposition of 1,700 shares. All reported exercise/grant prices and proceeds are listed as $0.00 in the filing.

Key Details

• Transaction dates: 2026-01-21 (award of 2,250 RSUs) and 2026-01-22 (exercise/conversion and disposition of 1,700 derivative shares).
• Prices/amounts: exercise/grant price reported as $0.00; filing lists $0 for acquisition/disposition amounts.
• Footnotes: F1 — shares acquired pursuant to vesting of the RSU award expiring 01/22/2026. F2 — each RSU is the contingent right to receive either cash equal to a share’s value or one share; RSUs vest in full on the first anniversary of the grant.
• Shares owned after the reported transactions: not specified in the provided data.
• Filing date: 2026-01-26 (check the full SEC filing for any timeliness flag).

Context

• These were derivative/RSU-related events rather than open-market purchases. The same-day exercise/conversion and disposition of 1,700 shares suggests the RSUs/derivatives were converted and then disposed of on the same date (the filing shows no cash amounts); this can indicate net settlement, cash settlement, or an immediate sale, but the filing itself does not state the reason.
• As a 10% owner, Tuchman is a substantial holder; such transactions can reflect administrative settlement of awards rather than a personal buy/sell decision by an executive.