Carrazza Michael A. 4
4 · PATRIOT NATIONAL BANCORP INC · Filed Apr 2, 2021
Insider Transaction Report
Form 4
Carrazza Michael A.
Director10% Owner
Transactions
- Other
Common Stock
2021-01-22−256,629→ 2,237,535 total(indirect: By LLC) - Other
Common Stock
2021-03-31+815→ 55,033 total - Other
Common Stock
2021-03-31−815→ 0 total(indirect: By LLC) - Other
Common Stock
2021-03-31+31,787→ 54,218 total - Other
Common Stock
2021-03-31−2,237,535→ 0 total(indirect: By LLC) - Other
Common Stock
2021-03-31+4,890→ 12,221 total(indirect: By Solaia Capital Management Profit Sharing Plan FBO Michael A. Carrazza)
Footnotes (6)
- [F1]The Reporting Person is the managing member of PNBK Sponsor LLC ("Sponsor"), which is the managing member of PNBK Holdings LLC ("Holdings"); therefore, the Reporting Person may be deemed to indirectly beneficially own the shares directly owned by Sponsor and Holdings.
- [F2]On January 22, 2021, Holdings made an in-kind distribution of 256,629 shares of restricted common stock of the Issuer.
- [F3]On March 31, 2021, Holdings made a pro-rata in-kind distribution of a total of 2,237,535 shares of common stock of the Issuer (the "March 2021 In-Kind Distribution"). Following such distribution, Holdings no longer owns any shares of the Issuer.
- [F4]Solaia Capital Management Profit Sharing Plan FBO Michael A. Carrazza received its pro rata allocation of 4,890 shares of common stock in the March 2021 In-Kind Distribution.
- [F5]The Reporting Person received its pro rata allocation of 31,787 shares of common stock in the March 2021 In-Kind Distribution.
- [F6]Sponsor transferred 815 shares of common stock to the Reporting Person on March 31, 2021.