De Tomasi Mario 4

What Happened
Mario De Tomasi, a director of Patriot National Bancorp (PNBK), had 22,222 restricted stock units (RSUs) vest and convert into 22,222 shares of common stock on July 1, 2026. The filing shows the shares were acquired at $0.00 (settlement of RSUs); no cash consideration was paid.

Key Details

• Transaction date: July 1, 2026; Filing date: July 2, 2026 (timely filing).
• Reported transactions: Acquisition of 22,222 shares at $0.00 (RSU settlement); corresponding conversion/disposition entry of 22,222 RSU derivative units.
• Footnote: RSUs were granted July 1, 2025 for 66,667 shares vesting over three years (22,222 / 22,222 / 22,223 on July 1 of 2026, 2027, 2028). The first installment vested and was settled on July 1, 2026; no consideration was paid.
• Shares owned after the transaction: not specified in the provided excerpt (see full Form 4 for total holdings).
• Transaction code: M (exercise/conversion of a derivative — here, RSU settlement). Not reported as a sale.

Context
This was a routine compensation vesting event (RSU settlement), not an open-market buy or sale. Such vesting is compensation-related and does not by itself indicate the director bought or sold shares for investment purposes. The filing was submitted the next day and appears timely.