Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective April 26, 2023 (the "Effective Date"), Frank Perez, Executive Vice President and Chief Investor Relations Officer of Ponce Financial Group, Inc. (the "Company") and its subsidiary Ponce Bank (the "Bank") entered into a new employment agreement (the "Agreement") with the Bank, the terms of which supersede all prior employment arrangements with the Bank, the Company and its affiliates. The Agreement has a one-year term, beginning on the Effective Date, unless mutually extended or earlier terminated by the parties. A copy of the Agreement is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits.


Exhibit                                 Description
 Number

  10.1       Employment Agreement of Frank Perez dated April 26, 2023
  104      Cover Page Interactive Data File (embedded within the Inline XBRL)

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