X0306 4 2023-03-03 0001550603 MALVERN BANCORP, INC. MLVF 0001429127 KENT HOWARD C/O MALVERN BANCORP 42 E. LANCASTER AVE. PAOLI PA 19301 1 Common Stock 2023-03-03 4 P 0 201.415 17.77 A 164898.1020 D Common Stock 38719 I By Marcia Kent Spousal Trust The purchases reported in this Form 4 were effected pursuant to the Corporations' 2016 Automatic Dividend Reinvestment and Stock Purchase Plan. /s/ Nathaniel Jordan 2023-03-03