0001104659-23-049710.txt : 20230425 0001104659-23-049710.hdr.sgml : 20230425 20230425180722 ACCESSION NUMBER: 0001104659-23-049710 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230423 FILED AS OF DATE: 20230425 DATE AS OF CHANGE: 20230425 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kimmel Colleen CENTRAL INDEX KEY: 0001826525 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38290 FILM NUMBER: 23846203 MAIL ADDRESS: STREET 1: ONE TOWNE SQUARE STREET 2: SUITE 1900 CITY: SOUTHFIELD STATE: MI ZIP: 48076 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Sterling Bancorp, Inc. CENTRAL INDEX KEY: 0001680379 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 382424834 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE TOWNE SQUARE STREET 2: SUITE 1900 CITY: SOUTHFIELD STATE: MI ZIP: 48076 BUSINESS PHONE: 248-351-3495 MAIL ADDRESS: STREET 1: ONE TOWNE SQUARE STREET 2: SUITE 1900 CITY: SOUTHFIELD STATE: MI ZIP: 48076 4 1 tm2313720-2_4seq1.xml OWNERSHIP DOCUMENT X0407 4 2023-04-23 0 0001680379 Sterling Bancorp, Inc. SBT 0001826525 Kimmel Colleen C/O STERLING BANCORP, INC. ONE TOWNE SQUARE, SUITE 1900 SOUTHFIELD MI 48076 0 1 0 0 GEN COUNSEL AND CORP SECRETARY 0 Common Stock 2023-04-23 4 F 0 2225 5.75 D 41406 D Common Stock 4788 I 401(k) Plan Represents the withholding of shares of common stock by Sterling Bancorp, Inc. in satisfaction of tax withholding obligations in connection with the vesting of restricted stock previously granted to the reporting person. The reporting person holds units in the issuer's unitized stock fund in the Sterling Bank & Trust 401(k) Plan (the "Plan"), consisting primarily of the issuer's Common Stock and the remainder in cash or cash equivalents. The number of shares in this row is an estimate of the number of shares of the issuer's Common Stock held in the unitized stock fund and attributed to the reporting person as a Plan participant. Includes a corrected estimate of 2,205 shares of Common Stock allocable to the reporting person as of April 6, 2022, calculated based on the $7.10 closing price of the issuer's Common Stock as of April 5, 2022, which was the date prior to the date that the shares of Common Stock were contributed to the unitized stock fund. Includes an estimate of 2,583 shares of Common Stock allocable to the reporting person as of April 10, 2023. This has been calculated based on the $5.56 closing price of the issuer's Common Stock as of April 9, 2023, which was the date prior to the date that the shares of Common Stock were contributed to the unitized stock fund, and may change from time to time without the volition of the reporting person depending on the fair market value of the issuer's Common stock and the amount of cash in the unitized stock fund. The shares of Common Stock were contributed to the unitized stock fund and allocated to participants on April 10, 2023. /s/ Colleen Kimmel by Karen Knott, attorney-in-fact 2023-04-25