Adkins Stephanie 4

What Happened
Stephanie Adkins, Chief Lending Officer of Princeton Bancorp, exercised stock options on 2026-04-07 to acquire 1,397 shares at an exercise price of $22.00 per share, for a total cash outlay of $30,734. The filing shows the derivative (the option) was converted (disposed) in the process; there was no open-market sale of the acquired shares.

Key Details

• Transaction date: 2026-04-07; Form 4 filed: 2026-04-08 (timely filing).
• Transaction type/code: M (exercise/conversion of derivative).
• Shares acquired: 1,397 at $22.00/share; total paid = $30,734.
• Derivative disposed: 1,397 units at $0.00 — reflects cancellation/conversion of the option, not a sale for proceeds.
• Shares owned after transaction: not specified in the filing.
• No 10b5-1 plan, tax-withholding, or other footnotes were reported in the provided details.

Context
This was an options exercise (the holder paid the strike price to receive shares), not a cash sale; the separate "disposed" line simply records that the derivative instrument ceased to exist upon conversion to stock. Exercises like this are often routine (e.g., to realize vested compensation) and do not by themselves indicate an intent to sell or a change in view about the company.