Form SCHEDULE 13G PATRIOT NATIONAL BANCORP Filed by: Abady Alon
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
|
UNDER THE SECURITIES EXCHANGE ACT OF 1934
|
PATRIOT NATIONAL BANCORP INC (Name of Issuer) |
Common Stock, par value $0.01 (Title of Class of Securities) |
(CUSIP Number) |
03/20/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
| Rule 13d-1(b) |
| Rule 13d-1(c) |
| Rule 13d-1(d) |
SCHEDULE 13G
|
| CUSIP No. |
| 1 | Names of Reporting Persons
Alon Abady | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
19,700,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
9.99 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: This Schedule 13G is filed jointly by: (i) Alon Abady ("Individual"); (ii) Moniqua 30 LLC (the "LLC"); (iii) Alon Abady, as trustee of Horizon Trust FBO Alon Abady IRA ("Trust 1"); and (iv) Alon Abady, as trustee of Abady Family Trust ("Trust 2," and together with Trust 1, the "Trusts," and collectively with the Individual and the LLC, the "Reporting Persons").
The aggregate number and percentage of shares of Common Stock beneficially owned by each Reporting Person is set forth on such Reporting Person's cover page.
The Individual, as the sole member and manager of the LLC, may be deemed to beneficially own the shares held by the LLC. The Individual, as trustee of each of the Trusts, may be deemed to beneficially own the shares held by each such Trust.
The Individual disclaims beneficial ownership of the shares held by the LLC and the Trusts, except to the extent of his pecuniary interest therein, if any.
Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
Applicable percentage ownership is based on 117,085,713 shares of common stock outstanding as of the Company's Record Date, April 7, 2026, as set forth in the Company's preliminary proxy statement filed with the Commission on April 17, 2026; provided, however, that Alon Abady's shares are subject to the limitation that no holder has the right to become, directly or indirectly, the beneficial owner of more than 9.99% of the issued and outstanding voting securities of the Company.
SCHEDULE 13G
|
| CUSIP No. |
| 1 | Names of Reporting Persons
Moniqua 30 LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
5,800,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
4.95 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: Moniqua 30 LLC is a Delaware limited liability company that acquired 3,866,720 shares of common stock and 24,166, Series A Preferred Stock pursuant to a securities purchase agreement by and among Issuer, Moniqua 30 LLC, and other investors, dated as of March 20, 2025. On July 3, 2025, 24,166 shares of Series A Preferred Stock previously issued to Moniqua 30 LLC automatically converted into 1,933,280 shares of non-voting common stock pursuant to the terms of the Company's Amended and Restated Certificate of Incorporation. Alon Abady is the sole member and manager of Moniqua 30, LLC. The business address of Moniqua 30, LLC is 501 S. Beverly Drive, Suite 220, Beverly Hills, CA 90212. Applicable percentage ownership is based on 117,085,713 shares of common stock outstanding as of the Company's Record Date, April 7, 2026, as set forth in the Company's preliminary proxy statement filed with the Commission on April 17, 2026; provided, however, that Alon Abady's shares are subject to the limitation that no holder has the right to become, directly or indirectly, the beneficial owner of more than 9.99% of the issued and outstanding voting securities of the Company.
SCHEDULE 13G
|
| CUSIP No. |
| 1 | Names of Reporting Persons
Alon Abady, as trustee of Horizon Trust FBO Alon Abady IRA | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
NEW MEXICO
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
2,800,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
2.39 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: Horizon Trust FBO Alon Abady IRA acquired 2,800,000 shares of common stock pursuant to a securities purchase agreement by and among Issuer, Horizon Trust FBO Alon Abady IRA, and other investors, dated as of March 20, 2025. As trustee, Alon Abady has sole voting and dispositive power over the shares held by Horizon Trust FBO Alon Abady IRA. The business address of Horizon Trust FBO Alon Abady IRA is 6301 Indian School Road NE, Suite 810, Albuquerque, NM 87110.
Applicable percentage ownership is based on 117,085,713 shares of common stock outstanding as of the Company's Record Date, April 7, 2026, as set forth in the Company's preliminary proxy statement on Schedule 14A filed with the Commission on April 17, 2026; provided, however, that Alon Abady's shares are subject to the limitation that no holder has the right to become, directly or indirectly, the beneficial owner of more than 9.99% of the issued and outstanding voting securities of the Company.
SCHEDULE 13G
|
| CUSIP No. |
| 1 | Names of Reporting Persons
Alon Abady, as trustee of the Abady Family Trust | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
CALIFORNIA
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
11,100,000.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
9.48 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: On August 29, 2025, pursuant to a warrant purchase agreement, Mr. Abady, through the Abady Family Trust, acquired 11,100,000 three-year warrants entitling purchaser to purchase, after six months following closing, shares of Non-Voting Common Stock which, may be exchanged for shares of Voting Common Stock upon such purchasers meeting the Non-Control Conditions. The "Non-Control Conditions" in the warrant purchase agreement require that no beneficial owner is entitled to purchase Voting Common Stock or convert any Non-Voting Common Stock, preferred stock or warrant that would cause such beneficial owner (including its affiliates or any other persons with which such purchaser is acting in concert or whose holdings would otherwise be required to be aggregated for purposes of the Bank Holding Company Act of 1956 (the "BHC Act") or the Change in Bank Control Act of 1978 (the CIBC Act), to acquire, or to obtain the right to acquire, more than 9.99% of the outstanding Securities or the voting securities of the Company. Alon Abady has sole voting and dispositive power over the warrants held by the Abady Family Trust. The business address of the Abady Family Trust is 269 S. Beverly Drive, Suite 1681, Beverly Hills, CA 90212.
Applicable percentage ownership is based on 117,085,713 shares of common stock outstanding as of the Company's Record Date, April 7, 2026, as set forth in the Company's preliminary proxy statement on Schedule 14A filed with the Commission on April 17, 2026; provided, however, that Alon Abady's shares are subject to the limitation that no holder has the right to become, directly or indirectly, the beneficial owner of more than 9.99% of the issued and outstanding voting securities of the Company.
SCHEDULE 13G
|
| Item 1. | ||
| (a) | Name of issuer:
PATRIOT NATIONAL BANCORP INC | |
| (b) | Address of issuer's principal executive offices:
900 Bedford Street, Stamford, CT, 06901 | |
| Item 2. | ||
| (a) | Name of person filing:
Alon Abady | |
| (b) | Address or principal business office or, if none, residence:
269 S. Beverly Drive, Suite 1681, Beverly Hills, CA 90212 | |
| (c) | Citizenship:
United States | |
| (d) | Title of class of securities:
Common Stock, par value $0.01 | |
| (e) | CUSIP No.:
| |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); | |
| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); | |
| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). | |
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
19,700,000 | |
| (b) | Percent of class:
9.99 %
| |
| (c) | Number of shares as to which the person has:
| |
| (i) Sole power to vote or to direct the vote:
0.00 | ||
| (ii) Shared power to vote or to direct the vote:
19,700,000 | ||
| (iii) Sole power to dispose or to direct the disposition of:
0.00 | ||
| (iv) Shared power to dispose or to direct the disposition of:
19,700,000 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
| ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
| ||
| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
| ||
| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
| ||
| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
|
|
|
|
|
|
|
|
|
Comments accompanying signature: Exhibit 1 Joint Filing Agreement
Exhibit Information
|
Exhibit 1 Joint Filing Agreement |
ATTACHMENTS / EXHIBITS
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- NUU Introduces the All-New X10 5G: Fully Unlocked. Nationwide 5G. Exceptional Value.
- Golden Body Scrub Combines Triple Salt Blend with 1000mg CBD
- Crypto Price Prediction Flashes Mixed Signals While Pepeto Storms Toward Its Debut
Create E-mail Alert Related Categories
SEC FilingsRelated Entities
13GSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share