Gillespie Richard J. 4

What Happened

• Richard J. Gillespie, a director of Princeton Bancorp (BPRN), received a grant of 2,500 restricted stock units (RSUs) reported 01/21/2026. The filing also shows a conversion/exercise of 2,100 derivative shares on 01/22/2026, followed the same day by a disposition of those 2,100 derivative shares. All reported prices are $0.00, so no cash value is shown on the Form 4.

Key Details

• Transaction dates and codes:
  • 01/21/2026 — A (Award/Grant): 2,500 RSUs acquired at $0.00.
  • 01/22/2026 — M (Exercise/Conversion): 2,100 derivative shares acquired at $0.00.
  • 01/22/2026 — M (Exercise/Conversion): 2,100 derivative shares disposed at $0.00.
• Shares owned after the transactions: Not specified in the filing.
• Footnotes:
  • F1: Shares acquired pursuant to vesting of the RSU award listed below expiring on 01/22/2026.
  • F2: Each RSU represents the contingent right to receive either cash equal to one share’s value or one share; RSUs vest in full on the first anniversary of the grant.
• Filing date: Form 4 filed 01/23/2026 — appears to be timely (within normal two-business-day requirement).

Context

• The award (A) is an RSU grant — a non-cash compensation award that converts to cash or shares upon vesting. The M-code activity reflects conversion/exercise of a derivative interest; the zero-dollar disposal often indicates an internal net settlement or tax-withholding arrangement rather than an open-market sale. These transactions are typically routine compensation settlements rather than active investment purchases or open-market sales.