Lake Shore Bancorp (LSBK) chair gifts common shares to grandchildren

Rhea-AI Filing Summary

Lake Shore Bancorp, Inc. director and Chairman of the Board reported a stock gift under a Form 4/A. On December 10, 2025, the insider transferred 1,382 shares of common stock at a price of $0.00, disposing of them from a direct holding and acquiring the same number in an indirect account listed as “As Custodian for Grandchildren.”

After this transaction, the insider directly owned 56,431 shares of common stock and indirectly owned 3,150 shares as custodian for grandchildren. The filing also lists stock options to buy 14,563 shares of common stock at an exercise price of $10.62, fully vested and expiring on October 21, 2026, and options for 2,570 shares at $7.89 per share expiring on April 22, 2034, with 514 already vested and the remaining 2,056 vesting in four equal annual installments starting April 23, 2026.

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
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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^*

Sanvidge Kevin M.

(Last) (First) (Middle)

C/O 31 EAST FOURTH STREET

(Street)

DUNKIRK NY 14048

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Lake Shore Bancorp, Inc. /MD/ [ LSBK ]

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

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
12/11/2025

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

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

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	12/10/2025		G		1,382	D	$0.00	56,431(1)	D
Common Stock	12/10/2025		G		1,382	A	$0.00	3,150	I	As Custodian for Grandchildren

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)	$10.62							(2)	10/21/2026	Common Stock	14,563		14,563	D
Stock Option (Right to Buy)	$7.89							(3)	04/22/2034	Common Stock	2,570		2,570	D

Explanation of Responses:

1. Includes 1,415 shares of restricted stock which vest on March 12, 2026 and 893 shares of restricted stock which vest on December 9, 2026.

2. Options are fully vested.

3. Includes 514 options which vested on April 23, 2025. 2,056 remain unvested and vest in four equal annual installments beginning on April 23, 2026.

	/s/ Taylor M. Gilden, pursuant to power of attorney	01/23/2026
	** 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.

FAQ

What insider transaction did Lake Shore Bancorp (LSBK) report in this Form 4/A?

The filing reports that a director and Chairman of the Board of Lake Shore Bancorp, Inc. gave a gift of 1,382 shares of common stock on December 10, 2025, moving the shares from a direct holding to an indirect custodial account.

How many Lake Shore Bancorp (LSBK) shares were gifted and at what price?

The insider transferred 1,382 shares of Lake Shore Bancorp common stock as a gift, recorded at a price of $0.00 per share.

What are the insider’s Lake Shore Bancorp (LSBK) share holdings after the reported transaction?

Following the transaction, the insider directly owned 56,431 shares of common stock and indirectly owned 3,150 shares, held “As Custodian for Grandchildren.”

What does “As Custodian for Grandchildren” mean in this Lake Shore Bancorp (LSBK) filing?

The phrase “As Custodian for Grandchildren” indicates that the insider holds 3,150 shares of Lake Shore Bancorp common stock in an indirect capacity, acting as custodian for accounts benefiting their grandchildren.

What stock options does the insider hold in Lake Shore Bancorp (LSBK) according to this Form 4/A?

The insider holds stock options to buy 14,563 shares of common stock at $10.62 per share expiring on October 21, 2026 (fully vested), and options for 2,570 shares at $7.89 per share expiring on April 22, 2034, with 514 of those options already vested and 2,056 vesting in four equal annual installments beginning April 23, 2026.

What is the significance of the vesting schedule disclosed for Lake Shore Bancorp (LSBK) stock options?

The filing notes that for the 2,570-share option grant at $7.89, 514 options vested on April 23, 2025, and the remaining 2,056 options will vest in four equal annual installments starting on April 23, 2026, which outlines when the insider gains the right to exercise those options.