---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-139682"
form_type: "8-K"
ticker: "PDLB"
cik: "0001874071"
company_name: "Ponce Financial Group, Inc."
filed_at: "2024-12-23T23:59:59+00:00"
generated_at: "2026-05-28T23:49:23.232593+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ponce Financial gets option to repurchase 225,000 Treasury preferred shares at expected discount

## Summary
- Granted option to repurchase 225,000 shares of Treasury preferred stock issued under ECIP on June 7, 2022.
- Purchase price equals present value of expected payments plus accrued dividends; company expects substantial discount from face value.
- Exercise requires at least one threshold condition: Deep Impact Lending (avg ≥60%), Qualified Lending (avg ≥85%), or dividend rate ≤0.5% at six reset dates.
- Current status: 9 consecutive quarters meeting both Deep Impact and Qualified Lending conditions; preferred dividend rate is 0.5%.
- Earliest possible threshold date is June 30, 2026; option period runs 15 years from Original Closing Date.

## SEC filing metadata
- accession: 0000950170-24-139682
- form_type: 8-K
- ticker: PDLB
- cik: 0001874071
- company_name: Ponce Financial Group, Inc.
- filed_at: 2024-12-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874071/000095017024139682/0000950170-24-139682-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874071/000095017024139682/pdlb-20241220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-139682
- JSON: https://secwatch.observer/filing/0000950170-24-139682.json
- Plain text: https://secwatch.observer/filing/0000950170-24-139682.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.