---
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"
generated_at: "2026-05-24T04:44:45.471455+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Patriot National Bancorp completes $57.75M private placement; CFO resigns

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.03, 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-014996
- JSON: https://secwatch.observer/filing/0001628280-25-014996.json
- Plain text: https://secwatch.observer/filing/0001628280-25-014996.txt

## Key facts
- Executive change
  David Finn resigned as Executive Vice President and Chief Financial Officer at PATRIOT NATIONAL BANCORP INC.
  - Action: resigned
  - Role: Executive Vice President and Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1098146/000162828025014996/0001628280-25-014996-index.htm

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