Amendment to Schedule 13D Filing for PATRIOT NATIONAL BANCORP INC
This filing is an Amendment No. 3 to Schedule 13D, updating information previously filed. Steven Sugarman, Ainslie Sugarman, and the Steven and Ainslie Sugarman Living Trust are the reporting persons. On July 3, 2025, Series A Preferred Stock converted to non-voting common stock, and on October 20, 2025, this non-voting stock converted to 2,000,000 shares of voting common stock. Steven Sugarman also holds restricted stock units (RSUs). On March 25, 2026, 2,089,043 shares vested from RSUs granted on March 20, 2025, with 1,960,550 shares withheld for taxes. The reporting persons collectively own 11,109,021 shares of voting common stock, representing 9.49% of the outstanding shares as of March 25, 2026. Beneficial ownership is limited to 9.99% of outstanding voting securities.