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: Mansfield David P (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-17	Common Stock	A	81700	$0.00	Acquired	140107	Direct
2020-12-17	Common Stock	A	20424	$0.00	Acquired	160531	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-17	Stock Options	$11.93	A	204250	Acquired	2030-12-17	Common Stock (204250)	Direct
2020-12-17	Stock Options	$11.93	A	51060	Acquired	2030-12-17	Common Stock (51060)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8600	Indirect
Common Stock	9543	Indirect
Common Stock	16638	Indirect
Common Stock	83942	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$8.6067	2026-11-17	Common Stock (225565)	225565	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: Shares of restricted stock vest at a rate of 33% per year commencing on December 17, 2021.

F4: Stock option vest at a rate of 20% per year commencing on December 17, 2021

F5: Stock option vest at a rate of 33% per year commencing on December 17, 2021.

F6: Stock option vest at a rate of 20% per year commencing on November 17, 2017.

F7: Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.