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Lake Shore Bancorp (LSBK) chair Sanvidge reports 893-share stock grant

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

Rhea-AI Filing Summary

Lake Shore Bancorp, Inc. director and Chairman of the Board Kevin M. Sanvidge reported receiving 893 shares of common stock on December 9, 2025 as an award at a price of $0.00 per share. These are restricted shares that, according to the footnotes, vest on December 9, 2026.

After this grant, Sanvidge directly beneficially owns 57,813 shares of common stock, which include 1,415 restricted shares scheduled to vest on March 12, 2026 and the 893 shares scheduled to vest on December 9, 2026. He also indirectly holds 1,768 shares as custodian for grandchildren.

In addition, Sanvidge holds stock options to purchase 14,563 shares of common stock at an exercise price of $10.62 per share, which are fully vested and expire on October 21, 2026, and options for 2,570 shares at $7.89 per share expiring on April 22, 2034. Of the latter, 514 options are already vested and 2,056 are scheduled to vest in four equal annual installments beginning on April 23, 2026.

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Insider Sanvidge Kevin M.
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 893 $0.00 --
holding Stock Option (Right to Buy) -- -- --
holding Stock Option (Right to Buy) -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 57,813 shares (Direct); Stock Option (Right to Buy) — 14,563 shares (Direct); Common Stock — 1,768 shares (Indirect, As Custodian for Grandchildren)
Footnotes (1)
  1. Shares of restricted stock vest on December 9, 2026. 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. Options are fully vested. 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.
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*
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)
12/09/2025
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 12/09/2025 A 893(1) A $0.00 57,813(2) D
Common Stock 1,768 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 (3) 10/21/2026 Common Stock 14,563 14,563 D
Stock Option (Right to Buy) $7.89 (4) 04/22/2034 Common Stock 2,570 2,570 D
Explanation of Responses:
1. Shares of restricted stock vest on December 9, 2026.
2. 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.
3. Options are fully vested.
4. 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did LSBK director Kevin M. Sanvidge report?

Kevin M. Sanvidge, a director and Chairman of the Board of Lake Shore Bancorp, Inc. (LSBK), reported an acquisition of 893 shares of common stock on December 9, 2025. The shares were acquired at a price of $0.00 per share as a restricted stock award.

How many Lake Shore Bancorp (LSBK) shares does Kevin M. Sanvidge own after this Form 4?

Following the reported transaction, Kevin M. Sanvidge beneficially owns 57,813 shares of Lake Shore Bancorp common stock directly and 1,768 shares indirectly as custodian for his grandchildren.

When do the restricted LSBK shares reported by Kevin M. Sanvidge vest?

The filing notes that the 893 restricted shares acquired on December 9, 2025 vest on December 9, 2026. His direct holdings also include 1,415 restricted shares that vest on March 12, 2026.

What stock options for Lake Shore Bancorp (LSBK) does Kevin M. Sanvidge hold?

Sanvidge holds stock options to buy 14,563 shares of LSBK common stock at an exercise price of $10.62 per share, fully vested and expiring on October 21, 2026, and options for 2,570 shares at $7.89 per share expiring on April 22, 2034.

How are Kevin M. Sanvidge’s later-vesting LSBK options scheduled to vest?

Of the 2,570 options with a $7.89 exercise price, the filing states that 514 options vested on April 23, 2025, while the remaining 2,056 options vest in four equal annual installments beginning on April 23, 2026.

Does Kevin M. Sanvidge hold any LSBK shares indirectly?

Yes. The Form 4 shows 1,768 shares of Lake Shore Bancorp common stock reported as indirectly owned, with the nature of ownership listed as "As Custodian for Grandchildren".