Company: PNBK
Filing Date: 2025-05-23
Form Type: 424B3
Source: 0001437749-25-018349
Chunk: 11

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-23
Form: 424B3
Chunk 11
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ST Trust”), which is the sole member of RIL, and the three managers of RIL, Sanford Michelman (“S. Michelman”), Laura Michelman (“L. Michelman”) (S. Michelman and L. Michelman also being settlors and trustees of the ST Trust), and Jean S. Lee (“J. S. Lee”, collectively with RIL, the ST Trust, S. Michelman and L. Michelman, the “RIL Persons”) has dispositive power over the shares of Common Stock owned by FHNB by virtue of each's contractual authority to act unilaterally on behalf of RIL. Likewise, each of The Bryan Ezralow 1994 Trust (the “B. Ezralow Trust”), Bryan Ezralow as its trustee (“B. Ezralow”), The Marc Ezralow 1997 Trust (the “M. Ezralow Trust,” collectively with the B. Ezralow Trust, the “Ezralow Trusts”) and Marc Ezralow as its trustee (“M. Ezralow,” collectively with Revolution, B. Ezralow, and the Ezralow Trusts, the “Revolution Persons”) is each a beneficial owner of the shares of Common Stock owned by FHNB given each Ezralow Trust's dispositive power over such shares by virtue of their respective equity ownership of Revolution, B. Ezralow's trusteeship of the B. Ezralow Trust and M. Ezralow's trusteeship of the M. Ezralow Trust. FHNB, FlyHouse, the RIL Persons and the Revolution Persons collectively are referred to herein as the “Reporting Persons.” Each of the Reporting Persons, other than FHNB, expressly disclaims beneficial ownership of the securities owned by FHNB including the shares of Common Stock owned by FHNB except to the extent of his, her or its pecuniary interest therein. The business address of FHNB is c/o Michelman & Robinson, LLP, 10880 Wilshire Blvd., 19th Floor, Los Angeles, CA 90024. |
| (3) | The securities directly held by CB Growth Capital, LLC (“CB Growth”) are beneficially owned by Nikolas Karas, as manager of CB Growth, who has sole voting and dispositive power over the shares held by CB Growth. The business address of CB Growth is 1209 Orange Street, Wilmington, DE 19801.