SEC Form SC 13G/A filed by Provident Financial Holdings Inc. (Amendment)

1)

NAME OF REPORTING PERSON

 

Provident Savings Bank, FSB Employee Stock Ownership Plan ("ESOP")

2)

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

        a)     [   ]

        b)     [X]

 

3)

SEC USE ONLY

 

4)

CITIZENSHIP OR PLACE OF ORGANIZATION

 

        Not applicable

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

5)

SOLE VOTING POWER

0

6)

SHARED VOTING POWER

688,888

7)

SOLE DISPOSITIVE POWER

0

8)

SHARED DISPOSITIVE POWER

688,888

9)

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

10)

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES

CERTAIN SHARES        [  ]

 

11)

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

12)

TYPE OF REPORTING PERSON

EP

ITEM 1(a).

NAME OF ISSUER:

Provident Financial Holdings, Inc. (the "Corporation")

ITEM 1(b).

3756 Central Avenue, Riverside, California 92506

 

ITEM 2(a).

NAME OF PERSON FILING:

Provident Savings Bank, FSB Employee Stock Ownership Plan

 

ITEM 2(b).

ADDRESS OF PRINCIPAL BUSINESS OFFICE:

3756 Central Avenue, Riverside, California 92506

 

ITEM 2(c).

CITIZENSHIP:

Not applicable.

 

ITEM 2(d).

TITLE OF CLASS OF SECURITIES:

Common stock, par value $.01 per share (the "Common Stock")

 

ITEM 2(e).

CUSIP NUMBER:  743868 10 1

ITEM 3.

IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b) OR 240.13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS:

 

(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 Section 240.13d-1(b)(1)(ii)(E);

 

(f)

[X ]

An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F);

 

(g)

[    ]

A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G);

 

(h)

[    ]

A savings association 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 Section 240.13d-1(b)(1)(ii)(J);

 

(j)

[    ]

Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution:________

ITEM 4.

OWNERSHIP:

The ESOP holds an aggregate of 688,888 shares of the Corporation’s Common Stock (9.7% of the outstanding shares over which it has shared voting and dispositive powers).  This includes 800,000 shares purchased by the ESOP from the Corporation in December 2009 in connection with the Corporation's underwritten public common stock offering.

 

The ESOP Trustees may be deemed to beneficially own the 688,888 shares held by the ESOP.  However, the Trustees expressly disclaim beneficial ownership of all of such shares, other than such shares which have been allocated to their respective ESOP participant accounts.

 

The following table shows the number of shares of Common Stock beneficially owned by each of the ESOP Trustees:

ITEM 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

 

ITEM 6.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

  

ITEM 7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

 

ITEM 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

Not Applicable.

 

ITEM 9.

NOTICE OF DISSOLUTION OF GROUP:

 

Not Applicable.

 

ITEM 10. 

CERTIFICATION:

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 Section 240.14a-11.

 

Date: January 30, 2023

PROVIDENT SAVINGS BANK, FSB

EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST

 

 

 

By:

Provident Savings Bank, FSB,

 

 

 

By:

/s/ Donavon P. Ternes 

 

Name: 

Donavon P. Ternes 

 

Title: 

President, Chief Operating Officer

  and Chief Financial Officer