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Lake Shore Bancorp (LSBK) chair receives 893-share stock grant and holds options

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

Rhea-AI Filing Summary

Lake Shore Bancorp, Inc. director Kevin M. Sanvidge received an equity award of 893 shares of Common Stock as a grant at no cash cost on March 18, 2026. Following this award, he directly holds 57,324 common shares, which include unvested restricted stock scheduled to vest on December 9, 2026 and March 18, 2027.

He also holds stock options covering 14,563 common shares at an exercise price of 10.6200 per share that are fully vested and expire on October 21, 2026, and options covering 2,570 shares at 7.8900 per share expiring on April 22, 2034, of which 514 are currently vested and exercisable and 2,056 remain unvested. In addition, 3,150 common shares are held indirectly as custodian for his grandchildren.

Positive

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Negative

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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 — 57,324 shares (Direct); Stock Option (Right to Buy) — 14,563 shares (Direct); Common Stock — 3,150 shares (Indirect, As Custodian for Grandchildren)
Footnotes (1)
  1. Shares of restricted stock vest on March 18, 2027. Includes 893 shares of unvested restricted stock which vest on December 9, 2026, and 893 shares of unvested restricted stock which vest on March 18, 2027. Options are fully vested. Includes 2,056 remaining unvested options which were granted on April 23, 2024 and were scheduled to vest in five equal annual installments beginning on the first anniversary of the grant. 514 options are vested and exercisable.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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 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)
XDirector10% Owner
Officer (give title below)XOther (specify below)
Chairman of the Board
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock03/18/2026A893(1)A$0.0057,324(2)D
Common Stock3,150IAs 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$10.62 (3)10/21/2026Common Stock14,56314,563D
Stock Option (Right to Buy)$7.89 (4)04/22/2034Common Stock2,5702,570D
Explanation of Responses:
1. Shares of restricted stock vest on March 18, 2027.
2. Includes 893 shares of unvested restricted stock which vest on December 9, 2026, and 893 shares of unvested restricted stock which vest on March 18, 2027.
3. Options are fully vested.
4. Includes 2,056 remaining unvested options which were granted on April 23, 2024 and were scheduled to vest in five equal annual installments beginning on the first anniversary of the grant. 514 options are vested and exercisable.
/s/ Taylor M. Gilden, pursuant to power of attorney03/20/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Kevin M. Sanvidge report in this Lake Shore Bancorp (LSBK) Form 4?

Kevin M. Sanvidge reported receiving an award of 893 shares of Lake Shore Bancorp Common Stock on March 18, 2026. This was a grant at no cash cost, increasing his direct holdings to 57,324 shares, including previously granted unvested restricted stock.

Is the Lake Shore Bancorp (LSBK) Form 4 transaction a purchase or a grant?

The Form 4 reflects a grant, not an open-market purchase. Sanvidge acquired 893 shares of Common Stock as a stock award at a reported price of zero, indicating compensation-related restricted stock rather than a discretionary buy in the market.

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

After the reported grant, Sanvidge directly owns 57,324 shares of Common Stock. He also has 3,150 shares held indirectly as custodian for his grandchildren, plus stock options tied to additional underlying common shares with specified exercise prices and expirations.

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

Sanvidge holds fully vested options over 14,563 Lake Shore Bancorp shares at 10.6200 per share expiring October 21, 2026. He also holds options over 2,570 shares at 7.8900 per share expiring April 22, 2034, with 514 vested and 2,056 remaining unvested.

When do the reported Lake Shore Bancorp (LSBK) restricted shares vest for Kevin M. Sanvidge?

The filing notes restricted stock vesting on March 18, 2027. Another footnote states his direct holdings include 893 unvested restricted shares vesting on December 9, 2026 and 893 unvested restricted shares vesting on March 18, 2027, defining his compensation schedule.

Does Kevin M. Sanvidge have indirect ownership of Lake Shore Bancorp (LSBK) shares?

Yes. In addition to his direct holdings, Sanvidge has 3,150 Lake Shore Bancorp Common Stock shares reported as indirectly owned. These are held in a custodial capacity for his grandchildren, as indicated by the nature-of-ownership disclosure in the Form 4.