SEC Form 4 · accession 0001437749-26-029048
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
Aug 26, 2026
Accepted (ET)
Aug 27, 2026 · 6:03 am EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001098146
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Voting Common Stock | holding | — | — | — | 2,338,109 | D | ||
| Voting Common StockF1 | holding | — | — | — | 9,019,978 | I | By Steven and Ainslie Sugarman Living Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units | $0.00 | Aug 26, 2026 | A | 28,857 | A | Aug 26, 2027 | Aug 26, 2027 | Voting Common Stock | 28,857 | 1,280,915 | D |
Explanation of responses
- F1The Trust is a revocable living trust for the benefit of the Reporting Person and his spouse. The Reporting Person and his spouse are the trustees of the Trust.
- F2On August 26, 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 28,857 Restricted Stock Units ("RSUs") as a quarterly equity award for the second quarter of 2026. Such RSUs will vest in twelve (12) equal monthly installments commencing on August 26, 2026 and ending on August 26, 2027. Pursuant to the terms of the Employment Agreement, the RSUs are subject to a one-year restricted period expiring on August 26, 2027 and will be settled on the date of expiration of the restricted period.