Company: PNBK
Filing Date: 2025-06-04
Form Type: 424B5
Source: 0001437749-25-019364
Chunk: 9

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-06-04
Form: 424B5
Chunk 9
---
 POLICY</div>

We currently intend to retain all available funds and any future earnings to fund the development of our business, and we do not anticipate paying any cash dividends in the foreseeable future. Any future determinations to pay cash dividends will be made at the discretion of our board of directors, subject to applicable laws, and will depend on a number of factors, including our financial condition, results of operations, capital requirements, contractual restrictions, general business conditions, and any other factors that our board may deem relevant.

<div align='center'>S-5

PLAN OF DISTRIBUTION</div>

We entered into a securities purchase agreement, referred to as the “Securities Purchase Agreement, dated as of June 3, 2025, directly with the purchasers in connection with this offering, and we will only sell Shares of Common Stock to investors who have entered into the Securities Purchase Agreement with us. We expect to deliver 8,524,160 Shares of Common Stock being offered pursuant to this prospectus supplement and the accompanying prospectus on or about June 5, 2025, subject to satisfaction of certain closing conditions.

The offering price of $1.25 per Share of the Shares we are offering was negotiated between us and the purchasers. The Shares of Common Stock are being offering directly to the purchasers, without a placement agent, underwriter, broker or dealer. We estimate that the total expenses of the offering payable by us will be approximately $185,000.

Our Common Stock is listed on The Nasdaq Global Market, or “Nasdaq,” under the symbol “PNBK”. On June 3, 2025, the last reported sale price of the Common Stock as reported on Nasdaq was $1.17 per share.

Under the Securities Purchase Agreement, no purchaser has the right to become, directly or indirectly, the beneficial owner (as determined under Rule 13d-3 under the Exchange Act) of more than 9.99% of the number of shares of our voting securities issued and outstanding.

The foregoing does not purport to be a complete statement of the terms and conditions of the Securities Purchase Agreement. A copy of the form of the Securities Purchase Agreement will be included as an exhibit to our Current Report on Form 8-K to be filed with the SEC and incorporated by reference into the registration statement of which this prospectus supplement and the accompanying prospectus form a part. See “Where You Can Find More Information” and “Information Incorporated by Reference.”

No action has been or will be taken in any jurisdiction (