Item 8.01 Other Events Provident Financial Holdings, Inc. ("Corporation") has previously announced the April 2020 Stock Repurchase Plan ("Plan") and the subsequent extension of the Plan in April 2021. There are approximately 241,000 shares remaining in the Plan. On August 31, 2021, the Corporation adopted a stock repurchase program ("Program") in accordance with, and as a part of the Plan which will be in effect from September 8, 2021 through April 27, 2022. The Program has been adopted in accordance with guidelines specified by Rule 10b5-1 and under Rule 10b-18 under the Securities Exchange Act of 1934, as amended. Rule 10b5-1 permits corporations to adopt written, pre-arranged stock trading programs when they are not in possession of material, non-public information. Using these programs corporations may spread stock trades over a period regardless of any material non-public information they may receive after adopting their program. In accordance with Rule 10b5-1, the Corporation will have no discretion over the repurchase of shares of common stock under the Program. Rule 10b-18 provides a corporation with a non-exclusive safe harbor from liability under certain market manipulation rules when repurchases of the corporation's common stock in the market are made under the rule's conditions. In accordance with Rule 10b-18, the Corporation intends to satisfy the required manner, timing, price, and volume conditions as defined in the Program. Under the Program, shares of common stock may be repurchased in open market transactions or privately negotiated transactions subject to the satisfaction of certain conditions. Repurchases will be administered through an independent broker. There can be no assurance as to the exact number, or aggregate value, of shares of common stock that may be repurchased by the Corporation under the Program.






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