X0508 4 2023-12-21 true 0001616741 PATRIOT TRANSPORTATION HOLDING, INC. PATI 0001190089 BAKER JOHN D II C/O PATRIOT TRANSPORTATION HOLDING, INC. 200 W. FORSYTH ST., 7TH FLOOR JACKSONVILLE FL 32202 true true false Common Stock 2023-12-21 4 D 0 4000 16.26 D 0 D Common Stock 2023-12-21 4 D 0 167848 16.26 D 0 I Held in Living Trust Common Stock 2023-12-21 4 D 0 1263 16.26 D 0 I Held in Wife's Living Trust Common Stock 2023-12-21 4 D 0 3341 16.26 D 0 I Held in IRA Common Stock 2023-12-21 4 D 0 371158 16.26 D 0 I See footnote Pursuant to an Agreement and Plan of Merger, each share of common stock was converted into the right to receive $16.26 per share in cash (the "Merger Consideration"). Each outstanding stock option was cancelled in exchange for the right to receive a cash payment of an amount equal to the product of (i) the total number of shares of common stock underlying such stock option and (ii) the excess of the (x) Merger Consideration over the (y) per-share exercise price of the stock option. Each outstanding SAR was cancelled in exchange for the right to receive a cash payment of an amount equal to the product of (i) the total number of shares of common stock underlying each such SAR and (ii) the excess, if any, of (x) the Merger Consideration over (y) the per-share SAR Price. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. Shares are held by the Trust FBO John D. Baker II U/A Cynthia L. Baker Trust dated 4/30/1965, for which the Reporting Person serves as co-trustee, and of which the Reporting Person is the sole income beneficiary. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. /s/John D. Baker II 2023-12-21