SEC Form 4 · accession 0001437749-26-021114
PATRIOT NATIONAL BANCORP INC · PNBK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Sugarman
Officer — President and CEO · Director
Period of report
May 20, 2026
Accepted (ET)
Jun 18, 2026 · 2:39 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001098146
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | May 20, 2026 | A | 575 | A | May 20, 2027 | May 20, 2027 | Voting Common Stock | 575 | 1,700,533 | D |
| Restricted Stock UnitsF2 | — | May 20, 2026 | A | 104,452 | A | May 20, 2027 | May 20, 2027 | Voting Common Stock | — | 1,804,985 | D |
Explanation of responses
- F1On May 20, 2026, pursuant to the Reporting Person's employment agreement with the Issuer, effective as of March 20, 2025 (the "Employment Agreement"), the Reporting Person was granted Restricted Stock Units ("RSUs") equal to: (i) 575 shares of Common Stock as a quarterly equity award for Q4 2025, and (ii) 104,452 shares of Common Stock as a quarterly equity award for Q1 2026 (collectively, the "May 2026 RSU Grants"). Each of the May 2026 RSU Grants will vest in twelve (12) equal monthly installments commencing on May 20, 2026 and ending on May 20, 2027. Pursuant to the terms of the Employment Agreement, the May 2026 RSU Grants are subject to a one-year restricted period expiring on May 20, 2027 and will be settled on the date of expiration of the restricted period.
- F2N/A