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Lake Shore Bancorp (LSBK) grants director 8,220 stock options at $14.85

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Lake Shore Bancorp, Inc. director John P. McGrath received a grant of stock options for 8,220 shares of common stock on December 9, 2025, with an exercise price of $14.85 per share and an expiration date of December 9, 2035. The options were awarded at no cost to him and are classified as directly owned.

The stock options vest in equal installments of 20% per year starting on December 9, 2026. After this grant, McGrath beneficially owns 10,284 shares of common stock directly, including 899 restricted shares that vest on March 12, 2026, and 79,927 shares held indirectly through an IRA.

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Insider McGrath John P
Role Director
Type Security Shares Price Value
Grant/Award Stock Option (Right to Buy) 8,220 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Stock Option (Right to Buy) — 8,220 shares (Direct); Common Stock — 10,284 shares (Direct); Common Stock — 79,927 shares (Indirect, By IRA)
Footnotes (1)
  1. Includes 899 shares of restricted stock which vest on March 12, 2026. Stock options vest at a rate of 20% per year commencing on December 9, 2026.
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*
McGrath John P
(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) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/09/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 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 10,284(1) D
Common Stock 79,927 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 12/09/2025 A 8,220 (2) 12/09/2035 Common Stock 8,220 $0 8,220 D
Explanation of Responses:
1. Includes 899 shares of restricted stock which vest on March 12, 2026.
2. Stock options vest at a rate of 20% per year commencing on December 9, 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Lake Shore Bancorp (LSBK) report for John P. McGrath?

The filing shows that director John P. McGrath was granted a stock option for 8,220 shares of Lake Shore Bancorp common stock on December 9, 2025.

What is the exercise price and term of the new Lake Shore Bancorp (LSBK) stock options?

The stock options have an exercise price of $14.85 per share and an expiration date of December 9, 2035, giving the right to buy up to 8,220 shares of common stock.

How do the new stock options for LSBK’s director vest over time?

According to the filing, the stock options granted to John P. McGrath vest at a rate of 20% per year, beginning on December 9, 2026, until fully vested.

How many Lake Shore Bancorp (LSBK) shares does John P. McGrath now beneficially own?

After the reported transactions, McGrath beneficially owns 10,284 shares of common stock directly and 79,927 shares indirectly through an IRA, as disclosed in the filing.

What restricted stock holdings does the LSBK director have?

The filing notes that McGrath’s direct holdings of 10,284 shares include 899 restricted shares that are scheduled to vest on March 12, 2026.

Is the new Lake Shore Bancorp (LSBK) stock option grant classified as a direct or indirect holding?

The 8,220-share stock option grant to John P. McGrath is reported as a direct holding, while his 79,927 common shares are held indirectly via an IRA.