Company: PNBK
Filing Date: 2025-09-02
Form Type: 424B5
Source: 0001437749-25-028162
Chunk: 9

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-09-02
Form: 424B5
Chunk 9
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 of Common Stock issuable upon vesting of outstanding restricted stock awards. |

Except as otherwise indicated, all information in this prospectus supplement assumes no settlement of stock-based awards under our 2025 Omnibus Equity Incentive Plan and no future grants under our 2020 Restricted Stock Award Plan, as amended.

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RISK FACTORS</div>

Investing in Shares of our Common Stock involves a high degree of risk. Before you decide to invest in Shares of our Common Stock, you should carefully consider the risks and uncertainties described below and in our Annual Report on Form 10-K for the year ended December 31, 2024 and our most recent 10-Q for the period ended June 30, 2025, each as revised or supplemented by our subsequent SEC filings, incorporated by reference into this prospectus supplement and the accompanying prospectus, together with all other information contained, or incorporated by reference, in this prospectus supplement and the accompanying prospectus. Risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially affect our business, financial condition, results of operations and prospects. If any of these risks occur, our business, prospects, operating results and financial condition could suffer materially. In such event, the trading price of our Common Stock could decline and you might lose all or part of your investment.

Risks Related to This Offering and Our Common Stock

Our management will have broad discretion over the use of net proceeds from this offering, and you may not agree with how we use the net proceeds from this offering.

Because we have not designated the amount of net proceeds from this offering to be used for any particular purpose, our management will have broad discretion as to the application of the net proceeds from this offering and could use them for purposes other than those contemplated at the time of the offering. You are relying on the judgment of our management with regard to the use of these net proceeds, and you will not have the opportunity, as part of your investment decision, to assess whether the net proceeds are being used appropriately. Our management might apply these proceeds in ways with which you do not agree, or in ways that do not improve our financial condition or market value, which could adversely affect the market price of our Common Stock.

This offering and future sales of our Common Stock, or the perception that such future sales may occur, may cause our stock price to decline.

The sale of Shares of Common Stock in this offering and any future sales of a substantial