Provident Bancorp, Inc. /MD/ — Director's Dealing 2021

Dec 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Provident Bancorp, Inc. /MD/ (PVBC)
CIK: 0001778784
Period of Report: 2021-12-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-17	Common Stock	F	3023	$18.30	Disposed	91298	Direct
2021-12-20	Common Stock	D	32680	$0.00	Disposed	58618	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40159	Indirect
Common Stock	11468	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$8.6087	2026-11-17	Common Stock (15226)	15226	Direct
Stock Options	$11.93	2030-12-17	Common Stock (102125)	102125	Direct

Footnotes

F1: Includes shares of restricted stock which vest at a rate of 20% per year commencing on December 17, 2021.

F2: Stock option vest at a rate of 20% per year commencing on December 17, 2021.

F3: Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.

F4: Reflects forfeiture of unvested shares of restricted stock upon the reporting person's retirement.