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 * Garcia Carlos M. 2. Issuer Name and Ticker or Trading Symbol Professional Holding Corp. [ PFHD ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)         (First)         (Middle)
396 ALHAMBRA CIRCLE, SUITE 255
3. Date of Earliest Transaction (MM/DD/YYYY)
12/15/2020
(Street)
CORAL GABLES, FL 33146
(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
Class A Common Stock  12/15/2020    J(1)    60880 (1) A $0 (1) 484296  I  BayBoston Capital L.P. 
Class B Common Stock  12/15/2020    J(1)    60880 (1) D $0 (1) 0  I  BayBoston Capital L.P. 
Class A Common Stock                 3579  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 Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. 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 Date 7. 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  This amount represents an exchange (the "Exchange"), on a share for share basis of 60,880 shares of Class B Common Stock for 60,880 shares of Class A Common Stock (the "New Class A Shares"). The Exchange was made pursuant to the Investor Rights Agreement, dated as of February 17, 2017, by and between Professional Holding Corp. (the "Company") and BayBoston Capital LP which is included as an exhibit to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, filed with the SEC on March 30, 2020. The New Class A Shares were issued in a transaction that was not registered under the Securities Act of 1933, as amended (the "Securities Act") in reliance on the exemption from registration provided by Section 4(2) of the Securities Act. As a result of the Exchange, 60,880 shares of the Company's Class B Common Stock were cancelled, and 60,880 shares of the Company's Class A Common Stock were issued.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Garcia Carlos M.
396 ALHAMBRA CIRCLE, SUITE 255
CORAL GABLES, FL 33146
X



Signatures
/s/ Carlos M. Garcia 12/16/2020
**Signature of Reporting Person Date