Magzanyan Anahit 4

What Happened

• Anahit Magzanyan, a director of Patriot National Bancorp (PNBK), made multiple open-market purchases of the company's common stock between July 17, 2025 and March 3, 2026, acquiring a total of 1,450 shares for about $2,134.25.
• Transaction breakdown (each an open-market purchase):
  • Jul 17, 2025 — 375 shares @ $1.44 = $540.00 (F1)
  • Jul 24, 2025 — 175 shares @ $1.55 = $271.25 (F2)
  • Aug 19, 2025 — 500 shares @ $1.59 = $795.00 (F3)
  • Mar 3, 2026 — 400 shares @ $1.32 = $528.00 (F4)
• These are purchases (buying stock), which insiders often view as a more informative signal than routine sales, though small dollar amounts mean limited economic weight.

Key Details

• Dates & prices: Jul 17, 2025 ($1.44), Jul 24, 2025 ($1.55), Aug 19, 2025 ($1.59), Mar 3, 2026 ($1.32). See footnotes F1–F4 for each trade detail.
• Total acquired: 1,450 shares; total spent ≈ $2,134.25.
• Shares owned after transaction: not specified in the provided filing summary.
• Filing date/timeliness: Form 4 was filed Apr 24, 2026. The July–August 2025 purchases were disclosed many months after those transactions and therefore appear late relative to the SEC’s typical 2-business-day reporting requirement.
• Transaction codes: P = Purchase (open-market).

Context

• These were straightforward open-market buys (not option exercises, gifts, or awards). No indication in the filing of a 10b5-1 plan, option exercise, or tax-withholding event.
• The total value is modest (~$2.1K), so while purchases can signal confidence, the economic impact here is small; investors should consider this as one data point among many.