SCHEDULE: Alon Abady Discloses 9.99% Stake in Patriot National Bancorp

Alon Abady and affiliated entities have filed a Schedule 13G reporting a 9.99% beneficial ownership stake in Patriot National Bancorp, Inc.

Summary

• Alon Abady, through various entities including Moniqua 30 LLC, Horizon Trust, and the Abady Family Trust, reports a combined beneficial ownership of 19,700,000 shares of Patriot National Bancorp, Inc.
• The reported stake represents 9.99% of the company's outstanding common stock, based on 117,085,713 shares outstanding as of April 7, 2026.
• The filing confirms that the shares are held for investment purposes and not for the purpose of changing or influencing the control of the issuer.
• The reporting persons are subject to a 9.99% ownership limitation regarding voting securities to comply with regulatory requirements.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine regulatory disclosure regarding a significant shareholder's position, which does not signal a change in corporate strategy or management.

Positives

• Significant investment by a single individual and associated trusts indicates long-term confidence in the issuer's prospects.
• The filing provides transparency regarding the structure of the holdings across multiple investment vehicles.

Negatives

• The 9.99% ownership cap limits the ability of the reporting person to increase their voting influence without further regulatory review or changes to the company's capital structure.

Risks

• Regulatory compliance risks associated with the Bank Holding Company Act and the Change in Bank Control Act.
• Potential for market volatility if the reporting person decides to divest or if the market perceives the 9.99% cap as a barrier to future strategic moves.

Future Outlook

The reporting persons state that the securities were not acquired for the purpose of changing or influencing the control of the issuer, suggesting a passive investment stance.

Management Comments

• The reporting persons certify that the securities were not acquired for the purpose of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that this filing reflects typical regulatory disclosures for significant shareholders in the banking sector, where ownership thresholds are strictly monitored to avoid triggering 'change in control' provisions under federal banking laws.

Comparison to Industry Standards

• The 9.99% ownership cap is a standard threshold in the banking industry to avoid the regulatory burden of being classified as a bank holding company under the BHC Act.

Related Party Transactions

• The filing discloses transactions between the issuer and entities controlled by Alon Abady, including a securities purchase agreement and warrant purchase agreement.

Stakeholder Impact

• Shareholders may view the accumulation of a 9.99% stake by a single investor as a sign of long-term commitment to the company's value.

Next Steps

• Continued monitoring of the reporting person's holdings for any future amendments to the Schedule 13G.

Key Dates

Keywords

Patriot National Bancorp, Alon Abady, Schedule 13G, Beneficial Ownership, Banking, Equity Investment