[Form 4] Lake Shore Bancorp, Inc. /MD/ Insider Trading Activity

Lake Shore Bancorp director Michelle M. DeBergalis received a grant of 480 shares of Common Stock as equity compensation.

Rhea-AI Filing Summary

Lake Shore Bancorp director Michelle M. DeBergalis received a grant of 480 shares of Common Stock as equity compensation. The shares were awarded at no cash cost and are restricted stock scheduled to vest on March 18, 2027. After this grant, she directly holds 8,859 shares of Common Stock, which include previously awarded unvested restricted shares that vest on December 9, 2026 and March 18, 2027. She also holds a stock option covering 8,220 shares of Common Stock at an exercise price of $14.8500 per share, expiring in 2035, with vesting at 20% per year commencing on December 9, 2026. In addition, 157 shares are held indirectly through an IRA.

Insider Trade Summary

Grant/Award: 480 shares

Grant/Award 3 txns

Insider DeBergalis Michelle M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	480	$0.00	$0.00
holding	Stock Option (Right to Buy)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 8,859 shares (Direct); Stock Option (Right to Buy) — 8,220 contracts (Direct); Common Stock — 157 shares (Indirect, By IRA)

Footnotes (3)

1. F1. Shares of restricted stock vest on March 18, 2027.
2. F2. Includes 3,868 shares of unvested restricted stock which vest on December 9, 2026, and 480 shares of unvested restricted stock which vest on March 18, 2027.
3. F3. Stock options vest at a rate of 20% per year commencing on December 9, 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Lake Shore Bancorp (LSBK) report for Michelle DeBergalis?

Lake Shore Bancorp reported that director Michelle M. DeBergalis received a grant of 480 shares of Common Stock as restricted stock. The award was made at no cash cost and represents equity-based compensation rather than an open-market share purchase or sale.

How many Lake Shore Bancorp (LSBK) shares does Michelle DeBergalis hold after this Form 4?

After the reported grant, Michelle DeBergalis directly holds 8,859 shares of Lake Shore Bancorp Common Stock. This total includes previously awarded unvested restricted stock scheduled to vest on December 9, 2026 and March 18, 2027, as described in the filing footnotes.

When do Michelle DeBergalis’s new Lake Shore Bancorp restricted shares vest?

The 480 restricted shares of Lake Shore Bancorp Common Stock granted to Michelle DeBergalis vest on March 18, 2027. The filing also notes 3,868 unvested restricted shares vesting on December 9, 2026, reflecting a staggered vesting schedule for her equity awards.

What stock options does Michelle DeBergalis hold in Lake Shore Bancorp (LSBK)?

Michelle DeBergalis holds a stock option covering 8,220 shares of Lake Shore Bancorp Common Stock at an exercise price of $14.8500 per share. The option expires in 2035 and vests at a rate of 20% per year beginning on December 9, 2026.

Does the Lake Shore Bancorp Form 4 show any insider share sales by Michelle DeBergalis?

The Form 4 does not report any share sales by Michelle DeBergalis. It shows an acquisition of 480 restricted shares as compensation and provides updated holdings, including direct Common Stock, stock options, and an indirect position held through an IRA.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/20/2026 - 04:30 PM Learn about SEC filing dates

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^*

DeBergalis Michelle M

(Last) (First) (Middle)

C/O 31 EAST FOURTH STREET

(Street)

DUNKIRK NEW YORK 14048

(City) (State) (Zip)

UNITED STATES

(Country)

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)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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	03/18/2026		A		480(1)	A	$0.00	8,859(2)	D
Common Stock								157	I	By IRA

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)	$14.85							(3)	12/09/2035	Common Stock	8,220		8,220	D

Explanation of Responses:

1. Shares of restricted stock vest on March 18, 2027.

2. Includes 3,868 shares of unvested restricted stock which vest on December 9, 2026, and 480 shares of unvested restricted stock which vest on March 18, 2027.

3. Stock options vest at a rate of 20% per year commencing on December 9, 2026.

	/s/ Taylor M. Gilden, pursuant to power of attorney	03/20/2026
	** 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)