Provident Bancorp, Inc. /MD/ — Director's Dealing 2020

Dec 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Provident Bancorp, Inc. /MD/ (PVBC)
CIK: 0001778784
Period of Report: 2020-12-17

Reporting Person: Withee Charles F (Pres. & CLO of Subsidiary Bank)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-17	Common Stock	A	40850	$0.00	Acquired	74329	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-17	Stock Options	$11.93	A	102125	Acquired	2030-12-17	Common Stock (102125)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40159	Indirect
Common Stock	9543	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$8.6087	2026-11-17	Common Stock (76128)	76128	Direct

Footnotes

F1: Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 17, 2017.

F2: Shares of restricted stock vest at a rate of 20% per year commencing on December 17, 2021.

F3: Stock option vest at a rate of 20% per year commencing on December 17, 2021.

F4: Stock option vest at a rate of 20% per year commencing on November 17, 2017.

F5: Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.

F6: Reflects transfer of shares pursuant to Qualified Domestic Relations Order.