Lake Shore Bancorp (LSBK) director granted restricted stock and options

Rhea-AI Filing Summary

Lake Shore Bancorp director Ann M. Segarra reported new equity awards. On December 9, 2025, she received 5,058 shares of common stock as restricted stock at a price of $0.00 per share. These restricted shares vest on December 9, 2026.

After this grant, she directly holds 6,072 common shares, which include 837 restricted shares vesting on March 12, 2026 and 5,058 restricted shares vesting on December 9, 2026

Segarra was also granted a stock option covering 10,749 shares of common stock with an exercise price of $14.85 per share, expiring on December 9, 2035. These options vest at a rate of 20% per year starting on December 9, 2026.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Segarra Ann M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	10,749	$0.00	--
Grant/Award	Common Stock	5,058	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option (Right to Buy) — 10,749 shares (Direct); Common Stock — 6,072 shares (Direct); Common Stock — 81,840 shares (Indirect, By IRA)

Footnotes (1)

1. Shares of restricted stock vest on December 9, 2026. Includes 837 shares of restricted stock which vest on March 12, 2026 and 5,058 shares of restricted stock which vest on December 9, 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^*

Segarra Ann M

(Last) (First) (Middle)

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	12/09/2025		A		5,058(1)	A	$0.00	6,072(2)	D
Common Stock								81,840	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		10,749		(3)	12/09/2035	Common Stock	10,749	$0	10,749	D

Explanation of Responses:

1. Shares of restricted stock vest on December 9, 2026.

2. Includes 837 shares of restricted stock which vest on March 12, 2026 and 5,058 shares of restricted stock which vest on December 9, 2026.

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	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.

FAQ

What insider activity did Lake Shore Bancorp (LSBK) report for Ann M. Segarra?

Lake Shore Bancorp reported that director Ann M. Segarra received 5,058 shares of restricted common stock at $0.00 per share and a stock option for 10,749 shares with an exercise price of $14.85 per share on December 9, 2025.

How many Lake Shore Bancorp (LSBK) shares does Ann M. Segarra own after these transactions?

After the reported transactions, Ann M. Segarra directly owns 6,072 shares of Lake Shore Bancorp common stock and indirectly owns 81,840 shares through an IRA. She also holds a stock option for 10,749 shares of common stock.

When do Ann M. Segarra’s restricted Lake Shore Bancorp (LSBK) shares vest?

The 5,058 restricted shares granted on December 9, 2025 vest on December 9, 2026. Her total direct holdings include 837 restricted shares vesting on March 12, 2026 and 5,058 restricted shares vesting on December 9, 2026.

What are the terms of Ann M. Segarra’s Lake Shore Bancorp (LSBK) stock options?

Ann M. Segarra received a stock option for 10,749 shares of Lake Shore Bancorp common stock with an exercise price of $14.85 per share. The option vests at 20% per year starting on December 9, 2026 and expires on December 9, 2035.

Is Ann M. Segarra’s ownership in Lake Shore Bancorp (LSBK) direct or indirect?

Ann M. Segarra holds 6,072 shares of Lake Shore Bancorp common stock directly in her name and 81,840 shares indirectly through an IRA, as reported in the filing.

Did Ann M. Segarra pay cash for the newly acquired Lake Shore Bancorp (LSBK) restricted shares?

The filing shows that the 5,058 restricted shares of common stock were acquired at a price of $0.00 per share, indicating they were awarded as equity compensation rather than purchased in the market.