Lake Shore Bancorp (LSBK) director discloses 1,382-share stock gift to grandchildren

Rhea-AI Filing Summary

Lake Shore Bancorp, Inc. had a director and Chairman of the Board report a gift of 1,382 shares of common stock on December 10, 2025. The shares were moved from direct ownership to an indirect account held as custodian for grandchildren at a price of $0.00 per share, reflecting a transfer in form of ownership rather than an open-market sale.

After this transaction, the insider beneficially owns 55,538 shares directly, including 1,415 shares of restricted stock that vest on March 12, 2026, and 3,150 shares indirectly as custodian for grandchildren. The director also holds stock options covering 14,563 shares at an exercise price of $10.62 expiring on October 21, 2026, which are fully vested, and options for 2,570 shares at $7.89 expiring on April 22, 2034, with 514 already vested and the remaining 2,056 vesting in four equal annual installments beginning on 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
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)
12/10/2025

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	12/10/2025		G		1,382	D	$0.00	55,538(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.

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	12/11/2025
	** 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 was reported for Lake Shore Bancorp (LSBK) on December 10, 2025?

A director and Chairman of the Board of Lake Shore Bancorp, Inc. reported a gift (code G) of 1,382 shares of common stock on December 10, 2025 at a price of $0.00 per share.

How many Lake Shore Bancorp (LSBK) shares does the insider own after the reported transaction?

Following the gift, the insider beneficially owns 55,538 common shares directly and 3,150 common shares indirectly, held as custodian for grandchildren.

What restricted stock holdings does the Lake Shore Bancorp insider report?

The direct holdings of 55,538 shares include 1,415 shares of restricted stock, which are scheduled to vest on March 12, 2026.

What stock options does the Lake Shore Bancorp (LSBK) director hold after this filing?

The director holds fully vested stock options for 14,563 shares of common stock at an exercise price of $10.62 expiring on October 21, 2026, and options for 2,570 shares at $7.89 expiring on April 22, 2034.

How do the later-vesting Lake Shore Bancorp stock options vest over time?

Of the 2,570 options at $7.89, 514 vested on April 23, 2025, and the remaining 2,056 will vest in four equal annual installments beginning on April 23, 2026.

What is the reporting person’s relationship to Lake Shore Bancorp (LSBK)?

The reporting person is identified as a Director, Chairman of the Board, and marked as Other with the specified role of Chairman of the Board.