FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Carrazza Michael A.
2. Issuer Name and Ticker or Trading Symbol

PATRIOT NATIONAL BANCORP INC [ PNBK ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chairman of the Board
(Last)          (First)          (Middle)

C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

1/22/2021
(Street)

STAMFORD, CT 06901
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 3/31/2021  J  815 (6)D$0 0 I By PNBK Sponsor LLC (1)
Common Stock 1/22/2021  J  256629 (2)D$0 2237535 I By PNBK Holdings LLC (1)
Common Stock 3/31/2021  J  2237535 (3)D$0 0 I By PNBK Holdings LLC (1)
Common Stock 3/31/2021  J  4890 (4)A$0 12221 I By Solaia Capital Management Profit Sharing Plan FBO Michael A. Carrazza 
Common Stock 3/31/2021  J  31787 (5)A$0 54218 D  
Common Stock 3/31/2021  J  815 (6)A$0 55033 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) The Reporting Person is the managing member of PNBK Sponsor LLC ("Sponsor"), which is the managing member of PNBK Holdings LLC ("Holdings"); therefore, the Reporting Person may be deemed to indirectly beneficially own the shares directly owned by Sponsor and Holdings.
(2) On January 22, 2021, Holdings made an in-kind distribution of 256,629 shares of restricted common stock of the Issuer.
(3) On March 31, 2021, Holdings made a pro-rata in-kind distribution of a total of 2,237,535 shares of common stock of the Issuer (the "March 2021 In-Kind Distribution"). Following such distribution, Holdings no longer owns any shares of the Issuer.
(4) Solaia Capital Management Profit Sharing Plan FBO Michael A. Carrazza received its pro rata allocation of 4,890 shares of common stock in the March 2021 In-Kind Distribution.
(5) The Reporting Person received its pro rata allocation of 31,787 shares of common stock in the March 2021 In-Kind Distribution.
(6) Sponsor transferred 815 shares of common stock to the Reporting Person on March 31, 2021.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Carrazza Michael A.
C/O PATRIOT NATIONAL BANCORP, INC.
900 BEDFORD STREET
STAMFORD, CT 06901
XXChairman of the Board

Signatures
/s/ Michael A. Carrazza4/2/2021
**Signature of Reporting PersonDate

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