Patriot National Bancorp (PNBK) Director Mario De Tomasi Buys 85,000 Shares

What Happened

• Mario De Tomasi, a director of Patriot National Bancorp (PNBK), purchased 85,000 shares of the company's common stock in an open-market transaction on May 27, 2026. The shares were acquired at an average price of $0.96 per share for a total reported cost of $81,600. This was a purchase (insider buy), which investors often view as a more informative signal than routine sales.

Key Details

• Transaction date: May 27, 2026
• Transaction type: Open-market purchase (Code P)
• Price and amount: 85,000 shares at $0.96 per share; total ~$81,600
• Footnote: F1 confirms the purchase was on the open market at the stated average price
• Filing date: Form 4 filed May 29, 2026 reporting the May 27 transaction
• Shares owned after transaction: Not specified in the filing

Context

• This was a straightforward open-market purchase (cash buy), not an option exercise, gift, or award. Purchases by directors can signal confidence but should be weighed with other factors (company fundamentals, size of the position, and broader insider activity).