TUCHMAN MARTIN 4

What Happened
Martin Tuchman, a 10% owner of Princeton Bancorp (BPRN), recorded acquisitions of phantom (derivative) shares under the issuer's Non‑Employee Directors Deferred Compensation Plan. Across three discretionary transactions from June 12–16, 2026 he acquired 1,064 phantom shares: 355 shares at $37.29 ($13,238), 46 shares at $37.65 ($1,732), and 663 shares at $37.70 ($24,995), totaling approximately $39,965. These were acquisitions of deferred/phantom stock (derivative units), not open‑market purchases of common shares.

Key Details

• Transaction dates and prices:
  • 2026-06-12: 355 phantom shares @ $37.29 = $13,238 (derivative)
  • 2026-06-15: 46 phantom shares @ $37.65 = $1,732 (derivative)
  • 2026-06-16: 663 phantom shares @ $37.70 = $24,995 (derivative)
• Total acquired: 1,064 phantom shares, aggregate value ≈ $39,965.
• Shares owned after transaction: not specified in the supplied filing extract.
• Footnote: Acquisitions were under the Non‑Employee Directors Deferred Compensation Plan; each phantom share is the economic equivalent of one BPRN common share and becomes payable (cash or common stock) upon termination of service as a director.
• Filing timeliness: Report filed 2026-06-29 covering transactions June 12–16, 2026 — appears to be a late filing relative to typical Section 16 reporting windows (may reduce short-term transparency).

Context
These transactions are derivative awards under a director deferred compensation plan (phantom stock), meaning Tuchman did not receive immediate tradable common shares but economic equivalents payable later (cash or stock). As a 10% owner, Tuchman's holdings reflect a significant ownership position rather than routine employee trades; derivative grants to directors are common compensation practices and do not necessarily signal near‑term market action.