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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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SCHEDULE 13D/A 0001437749-25-010539 0001504590 XXXXXXXX LIVE 1 (Voting) Common Stock, Par Value $0.01 Per Share 07/03/2025 false 0001098146 70336F203 PATRIOT NATIONAL BANCORP INC 900 BEDFORD ST STAMFORD CT 06901 Steven Sugarman (203) 252-5900 900 Bedford Street Stamford CT 06901 0001504590 N Sugarman Steven PF N X1 0.00 7019978.00 0.00 7019978.00 7019978.00 Y 8.3 IN Y Steven and Ainslie Sugarman Living Trust PF N CA 0.00 7019978.00 0.00 7019978.00 7019978.00 Y 8.3 OO Y Ainslie Sugarman PF N X1 0.00 7019978.00 0.00 7019978.00 7019978.00 Y 8.3 IN (Voting) Common Stock, Par Value $0.01 Per Share PATRIOT NATIONAL BANCORP INC 900 BEDFORD ST STAMFORD CT 06901 This Amendment No. 1 to Schedule 13D (the "Amendment") is being filed to update and supplement information set forth in Schedule 13D filed with the Securities and Exchange Commission on April 2, 2025 ("Schedule 13D") by Steven and Ainslie Sugarman Living Trust, a revocable living trust for the benefit of Steven Sugarman and Ainslie Sugarman (the "Trust"), as well as Steven Sugarman, President and Chief Executive Officer and director of the Issuer, and his spouse, Ainslie Sugarman, as trustees of the Trust (collectively, the "Reporting Persons" and each a "Reporting Person"). Except as updated and supplemented herein, such information remains in full force and effect. All capitalized terms contained herein, but not otherwise defined herein, shall have the meanings ascribed to such terms in Schedule 13D. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. On July 3, 2025, 25,000 shares of Series A Preferred Stock previously issued to the Trust automatically converted into 2,000,000 shares of non-voting common stock, par value $0.01 per share ("Non-Voting Common Stock"), of the Issuer, pursuant to the terms of the Amended and Restated Certificate of Incorporation of the Issuer. Each share of Non-Voting Common Stock is convertible into one share of voting common stock of the Issuer, par value $.01 per share ("Voting Common Stock"), subject to the terms of the Amended and Restated Certificate of Incorporation of the Issuer, including the limitation that no holder of Non-Voting Common Stock has the right to become the beneficial owner (as determined under Rule 13d-3 under the Exchange Act) of more than 9.99% of the issued and outstanding voting securities of the Issuer. The Reporting Persons are filing this Amendment to report the transaction set forth in Item 3 above. No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of the form of Schedule 13D, except as set forth herein, or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. 7,019,978 8.3% (1) _______________ (1) The percentage is based upon 84,783,830 shares of Voting Common Stock outstanding as of the close of business on July 3, 2025. Not applicable. No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock reported herein. Not applicable. Sugarman Steven /s/ Steven Sugarman Steven Sugarman 07/08/2025 Steven and Ainslie Sugarman Living Trust /s/ Steven Sugarman Steven Sugarman Trustee 07/08/2025 Ainslie Sugarman /s/ Ainslie Sugarman Ainslie Sugarman 07/08/2025