De Tomasi Mario 4

What Happened

• Mario De Tomasi, a director of Patriot National Bancorp, purchased 87,719 shares of PNBK common stock on the open market on May 20, 2026 at an average price of $1.15 per share (total ~ $100,877).
• He was also granted 66,667 Restricted Stock Units (RSUs) on July 1, 2025 (reported on this Form 4). The RSUs are a derivative award (no purchase price) and will vest over three years.

Key Details

• Purchase: May 20, 2026 — 87,719 shares at $1.15 each; total cash outlay ~$100,877. (Footnote F1)
• RSU grant: July 1, 2025 — 66,667 RSUs granted at $0.00 (derivative award). Vesting schedule: 22,222 shares on each of July 1, 2026 and 2027, and 22,223 shares on July 1, 2028. (Footnote F2)
• Filing date: Form filed May 22, 2026. The May 20, 2026 open-market purchase was reported within the filing; the July 1, 2025 RSU grant was reported roughly 10 months after grant (i.e., a late report for that award).
• Shares owned after the transactions are not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or immediate sale language noted in the supplied footnotes.

Context

• The open-market purchase is a straightforward buy (cash purchase) and is often viewed by retail investors as a stronger signal than routine sales, though motivations are not disclosed.
• RSUs are award grants that vest over time; they do not require upfront payment and become common shares as they vest. The RSU grant itself is a derivative transaction (code A) and does not reflect an immediate sale or exercise.
• The late reporting of the 2025 RSU grant reduces near-term transparency; Form 4s are typically required within two business days of a reportable transaction.