Lake Shore Bancorp (LSBK) director awarded 589 restricted shares and holds options

Rhea-AI Filing Summary

Lake Shore Bancorp, Inc. director John P. McGrath received an equity grant of 589 shares of common stock as compensation. The shares are restricted stock that will vest on March 18, 2027, meaning he must wait until that date for them to fully become his.

After this award, McGrath holds 10,873 common shares directly, which include the 589 unvested restricted shares, and 79,927 additional shares indirectly through an IRA. He also holds stock options covering 8,220 common shares at an exercise price of $14.85 per share, vesting 20% per year starting December 9, 2026 and expiring in 2035.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider McGrath John P

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	589	$0.00	--
holding	Stock Option	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 10,873 shares (Direct); Stock Option — 8,220 shares (Direct); Common Stock — 79,927 shares (Indirect, By IRA)

Footnotes (1)

1. Shares of restricted stock vest on March 18, 2027. Includes 589 shares of unvested restricted stock which vest on March 18, 2027. 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 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		589(1)	A	$0.00	10,873(2)	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	$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 589 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)

FAQ

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

Lake Shore Bancorp reported that director John P. McGrath received a grant of 589 shares of common stock as restricted stock. This is a compensation-related award, not an open-market purchase or sale, and increases his direct equity stake in the company.

When do John P. McGrath’s newly granted Lake Shore Bancorp restricted shares vest?

The 589 restricted shares granted to John P. McGrath vest on March 18, 2027. Until that date, they remain unvested, meaning he generally cannot treat them like fully owned, unrestricted shares for sale or transfer purposes.

How many Lake Shore Bancorp (LSBK) shares does John P. McGrath own after this Form 4 transaction?

After the reported grant, John P. McGrath holds 10,873 common shares directly, including the 589 unvested restricted shares. He also has indirect ownership of 79,927 common shares through an IRA, giving him a substantial combined equity position.

What stock options does John P. McGrath hold in Lake Shore Bancorp (LSBK)?

John P. McGrath holds stock options tied to 8,220 shares of Lake Shore Bancorp common stock at an exercise price of $14.85. These options vest 20% per year beginning December 9, 2026 and expire on December 9, 2035, providing long-term equity exposure.

Was John P. McGrath’s Lake Shore Bancorp Form 4 transaction a market buy or sell?

The Form 4 shows a grant of 589 restricted shares at a price of $0.00 per share, coded as an award acquisition. This indicates a compensation-related stock grant, not a discretionary open-market purchase or sale of Lake Shore Bancorp shares.

How is John P. McGrath’s indirect ownership in Lake Shore Bancorp (LSBK) structured?

The filing shows John P. McGrath indirectly owns 79,927 Lake Shore Bancorp common shares through an IRA. This indirect holding is separate from his 10,873 directly held shares but still reflects beneficial ownership reported under insider disclosure rules.