Thomas M. OBrien - Jan 2, 2025 Form 4 Insider Report for Sterling Bancorp, Inc. (SBT)

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ Thomas M. O'Brien by Elizabeth M. Keogh, attorney-in-fact
Stock symbol: SBT
Transactions as of: Jan 2, 2025
Transactions value $: -$178,981
Form type: 4
Date filed: 1/3/2025, 07:10 PM
Previous filing: Jul 3, 2024
Next filing: Feb 18, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SBT	Common Stock	Tax liability	-$179K	-37.6K	-6.41%	$4.76	549K	Jan 2, 2025	Direct	F1
holding	SBT	Common Stock						5.67K	Jan 2, 2025	401(k) Plan	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the withholding of shares of common stock by Sterling Bancorp, Inc. in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the reporting person.
F2	Includes an estimate of 5,669 shares of Common Stock allocable to the reporting person as of September 30, 2024. This has been calculated based on the number of unitized stock fund units held by the reporting person and the number of shares of the issuer's Common Stock within the unitized stock fund as of September 30, 2024. The estimate of shares of Common Stock allocable to the reporting person will change from time to time without the volition of the reporting person depending on the activity within the unitized stock fund including the amount of cash within the fund and administrative fees.

Content

Represents the withholding of shares of common stock by Sterling Bancorp, Inc. in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the reporting person.

Includes an estimate of 5,669 shares of Common Stock allocable to the reporting person as of September 30, 2024. This has been calculated based on the number of unitized stock fund units held by the reporting person and the number of shares of the issuer's Common Stock within the unitized stock fund as of September 30, 2024. The estimate of shares of Common Stock allocable to the reporting person will change from time to time without the volition of the reporting person depending on the activity within the unitized stock fund including the amount of cash within the fund and administrative fees.