Arthur Sullivan - 15 Nov 2025 Form 4 Insider Report for Provident Bancorp, Inc. /MD/ (PVBC)

Role
Director
Signature
/s/ Ned A. Quint, pursuant to power of attorney
Issuer symbol
PVBC
Transactions as of
15 Nov 2025
Net transactions value
-$50,108
Form type
4
Filing time
17 Nov 2025, 15:42:39 UTC
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sullivan Arthur Director 5 MARKET STREET, AMESBURY /s/ Ned A. Quint, pursuant to power of attorney 17 Nov 2025 0001675613

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PVBC Common Stock Disposed to Issuer -90,267 -100% 0 15 Nov 2025 Direct F1, F2
transaction PVBC Common Stock Disposed to Issuer -10,000 -100% 0 15 Nov 2025 By Spouse F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PVBC Stock Options Disposed to Issuer $25,500 0 15 Nov 2025 Common Stock 25,500 $10.40 Direct F3
transaction PVBC Stock Options Disposed to Issuer $24,608 0 15 Nov 2025 Common Stock 24,608 $8.61 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Arthur Sullivan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 5, 2025, by and among NB Bancorp, Inc., Needham Bank, 1828 MS, Inc., the Issuer, and BankProv (the "Merger Agreement"), at the Effective Time (as defined in the Merger Agreement), each issued and outstanding share of Common Stock of the Issuer was converted into the right to receive, at the election of the holder, either (i) 0.691 shares of NB Bancorp common stock (the "Stock Consideration") or (ii) $13.00 in cash (the "Cash Consideration"), subject to proration procedures to ensure that 50% of the shares of Provident Bancorp common stock are converted into the Stock Consideration (the "Merger Consideration").
F2 Pursuant to the Merger Agreement, all unvested shares of restricted stock automatically vested in full at the Effective Time, and were considered outstanding shares of common stock entitled to receive the Merger Consideration, net of all applicable withholding taxes.
F3 Pursuant to the Merger Agreement, each outstanding and unexercised option immediately prior to the Effective Time, whether vested or unvested, was cancelled in exchange for the right to receive an amount in cash equal to the product of (i) the excess, if any, of the Merger Consideration over the per share exercise price of such option, multiplied by (ii) the number of shares of Common Stock then subject to such option, net of all applicable withholding taxes.