Gouverneur Bancorp (GOVB) director adds shares and holds stock options

Rhea-AI Filing Summary

Gouverneur Bancorp director Duane Milton Pelkey reported a small open-market purchase of company stock. Through an IRA, he bought 100 shares of common stock at $18.9405 per share, bringing his indirect IRA holdings to 6,100 shares. Separately, he holds 750 shares directly and stock options covering 2,708 shares of common stock with a $17.65 exercise price, expiring in 2036. The options were granted under the 2025 Equity Incentive Plan and vest in five approximately annual installments starting March 2, 2027.

Insider Trade Summary

Net Buyer: 100 shares ($1,894)

Net Buy 3 txns

Insider Pelkey Duane Milton

Role null

Bought 100 shs ($2K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	100	$18.9405	$2K
holding	Stock Option (right to buy)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 6,100 shares (Indirect, By IRA); Stock Option (right to buy) — 2,708 shares (Direct, null); Common Stock — 750 shares (Direct, null)

Footnotes (1)

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Key Figures

Open-market purchase: 100 shares Purchase price: $18.9405/share Indirect holdings after trade: 6,100 shares +5 more

8 metrics

Open-market purchase 100 shares Common stock bought via IRA at $18.9405 per share

Purchase price $18.9405/share Price paid for 100 GOVB common shares in IRA

Indirect holdings after trade 6,100 shares Common stock held indirectly by IRA following purchase

Direct common holdings 750 shares Common stock held directly by Pelkey

Option exercise price $17.65/share Stock option exercise price for 2,708 underlying common shares

Option underlying shares 2,708 shares Common shares subject to stock options expiring in 2036

Option expiration 2036-03-02 Expiration date of stock options under 2025 Equity Incentive Plan

Option vesting start 2027-03-02 Vesting begins in five approximately annual installments

Key Terms

Stock Option (right to buy), Equity Incentive Plan, IRA

3 terms

Stock Option (right to buy) financial

"security_title: "Stock Option (right to buy)" for derivative holding"

Equity Incentive Plan financial

"granted pursuant to the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

IRA financial

"indirect ownership nature_of_ownership noted as "By IRA""

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pelkey Duane Milton

(Last) (First) (Middle)

42 CHURCH STREET

(Street)

GOUVERNEUR NEW YORK 13642

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Gouverneur Bancorp, Inc./MD/ [ GOVB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/15/2026		P		100	A	$18.9405	6,100	I	By IRA
Common Stock								750	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$17.65							03/02/2027(1)	03/02/2036	Common Stock	2,708		2,708	D

Explanation of Responses:

1. Stock Options granted pursuant to the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan vest in five approximately annual installments commencing on March 2, 2027.

	/s/ James D. Campanaro, Power of Attorney	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Duane Milton Pelkey report for GOVB?

Director Duane Milton Pelkey reported buying 100 shares of Gouverneur Bancorp common stock. The purchase was an open-market transaction through an IRA at $18.9405 per share, increasing his indirect IRA position to 6,100 shares of GOVB common stock.

At what price did the GOVB director buy additional shares?

Pelkey’s IRA acquired 100 Gouverneur Bancorp shares at $18.9405 per share. This open-market purchase adds modestly to his existing holdings and reflects a direct cash investment at that specific trading price on the reported transaction date.

How many Gouverneur Bancorp shares does Pelkey hold after the Form 4?

After the reported transaction, Pelkey holds 6,100 shares of common stock indirectly through an IRA and 750 shares directly. These positions are in addition to his outstanding stock options that can convert into further Gouverneur Bancorp common shares if exercised.

What stock options related to GOVB does Pelkey hold?

Pelkey holds options on 2,708 shares of Gouverneur Bancorp common stock with a $17.65 exercise price and a 2036 expiration. These options were granted under the 2025 Equity Incentive Plan and represent potential future share acquisitions if he chooses to exercise them.

When do Pelkey’s GOVB stock options begin vesting?

According to the plan terms, the stock options granted to Pelkey vest in five approximately annual installments. Vesting begins on March 2, 2027, and continues annually, which gradually increases the number of exercisable options over the vesting schedule.

Is Pelkey’s GOVB stock purchase made directly or indirectly?

The 100-share purchase was made indirectly, held "By IRA" as noted in the filing. This means the shares are owned through an individual retirement account, separate from Pelkey’s directly held 750 common shares and his separate stock option awards.