{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-014996","form_type":"8-K","ticker":"PNBK","cik":"0001098146","company_name":"PATRIOT NATIONAL BANCORP INC","filed_at":"2025-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:02.927803+00:00","generated_at":"2026-05-24T04:44:45.471455+00:00","sec_items":["1.01","3.03","5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Patriot National Bancorp completes $57.75M private placement; CFO resigns","bullets":["Private placement of 60.4M common shares at $0.75/share and 90,832 Series A Preferred convertible into 7.27M common shares.","Noteholders converted ~$7M of principal into 9.33M common shares.","CFO David Finn resigns effective May 15, 2025; will assist transition.","Series A Preferred ranks senior to common for dividends and liquidation."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-014996","json":"https://secwatch.observer/filing/0001628280-25-014996.json","markdown":"https://secwatch.observer/filing/0001628280-25-014996.md","text":"https://secwatch.observer/filing/0001628280-25-014996.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1098146/000162828025014996/0001628280-25-014996-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1098146/000162828025014996/pnbk-20250320.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T04:44:45.471455+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9020b13f1b","claim":"David Finn resigned as Executive Vice President and Chief Financial Officer at PATRIOT NATIONAL BANCORP INC.","evidence_excerpt":"On March 24, 2025, David Finn submitted his resignation as Executive Vice President and Chief Financial Officer of the Company and the Bank, the Company’s wholly-owned subsidiary, effective as of May 15, 2025 or as otherwise determined by Mr. Finn and the Company, to ensure a seamless transition.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1098146/000162828025014996/0001628280-25-014996-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Executive Vice President and Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}