Ponce Financial imposes trading blackout on execs/directors due to 401(k) plan transition

Ponce Financial Group, Inc.

Blackout begins Nov 15, 2023 at 4pm ET and ends week of Dec 18, 2023.
Caused by transition of 401(k) plan administrator from Pentegra to Empower.
Directors and executive officers prohibited from trading company equity securities acquired in connection with service.
Exemptions include 10b5-1 plans and bona fide gifts; violations may require disgorgement and penalties.
Routine procedural blackout; no impact on company operations or financials.

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