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

Nov 25, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Provident Bancorp, Inc. /MD/ (PVBC)
CIK: 0001778784
Period of Report: 2020-11-24

Reporting Person: Cousins Frank G Jr (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-24	Common Stock	A	10210	$0.00	Acquired	23683	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-24	Stock Options	$10.40	A	25500	Acquired	2030-11-24	Common Stock (25500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6689	Indirect
Common Stock	202	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$8.6087	2026-11-17	Common Stock (24608)	24608	Direct

Footnotes

F1: Shares of restricted stock vest at a rate of 20% per year commencing on November 24, 2021.

F2: Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 17, 2017.

F3: Stock option vest at a rate of 20% per year commencing on November 24, 2021.

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