Pilot Bancshares, Inc.

CUSIP: 721530103 Class: COMMON STOCK

Cutler Capital Management, LLC's Holding History (CIK: 0001353098)

Note: Option positions (PUT/CALL) are excluded.

Q4 2019
Shares 144,000 Value ($000) $500 Avg Close — Range —
Q3 2019
Shares 144,000 Value ($000) $488 Avg Close — Range —
Q2 2019
Shares 63,000 Value ($000) $220 Avg Close — Range —