Lake Shore Bancorp director receives stock grant

Lake Shore Bancorp director John L. Mehltretter reported receiving a grant of 667 shares of restricted Common Stock at no cash cost.

Rhea-AI Filing Summary

Lake Shore Bancorp director John L. Mehltretter reported receiving a grant of 667 shares of restricted Common Stock at no cash cost. These shares vest on March 18, 2027. Following the grant, he holds 19,600 Common shares directly and 20,000 shares indirectly through an IRA.

He also holds stock options over 5,237 Common shares with a $14.85 exercise price expiring on December 9, 2035, which vest 20% per year beginning on December 9, 2026, and options over 7,468 shares at $7.89 expiring on April 22, 2034, of which 5,975 are unvested and 1,493 are vested and exercisable.

Insider Trade Summary

Grant/Award: 667 shares

Grant/Award 4 txns

Insider Mehltretter John L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	667	$0.00	$0.00
holding	Stock Option (Right to Buy)	--	--	--
holding	Stock Option (Right to Buy)	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 19,600 shares (Direct); Stock Option (Right to Buy) — 12,705 contracts (Direct); Common Stock — 20,000 shares (Indirect, By IRA)

Footnotes (4)

1. F1. Shares of restricted stock vest on March 18, 2027.
2. F2. Includes 667 shares of unvested restricted stock which vest on March 18, 2027.
3. F3. Stock options vest at a rate of 20% per year commencing on December 9, 2026.
4. F4. Includes 5,975 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. 1,493 options are vested and exercisable.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did John L. Mehltretter report at Lake Shore Bancorp (LSBK)?

John L. Mehltretter reported receiving a grant of 667 shares of restricted Lake Shore Bancorp Common Stock. The award was at no cash cost and is compensation-related, not an open-market purchase, and therefore does not involve a direct cash investment decision in the company’s shares.

When do John L. Mehltretter’s 667 restricted Lake Shore Bancorp (LSBK) shares vest?

The 667 restricted shares granted to John L. Mehltretter vest on March 18, 2027. Until that vesting date, the shares are subject to forfeiture conditions, after which they become fully owned if the vesting requirements are satisfied as described in the award terms.

How many Lake Shore Bancorp (LSBK) shares does John L. Mehltretter hold after this Form 4 filing?

After the reported grant, John L. Mehltretter holds 19,600 Lake Shore Bancorp Common shares directly, including the unvested restricted stock, plus 20,000 additional Common shares indirectly through an IRA, giving him substantial exposure through both direct and indirect ownership positions in the company.

What stock options does John L. Mehltretter hold in Lake Shore Bancorp (LSBK)?

He holds options linked to 5,237 Common shares at a $14.85 exercise price expiring December 9, 2035, and options over 7,468 shares at $7.89 expiring April 22, 2034. Of the latter grant, 5,975 options are unvested and 1,493 are currently vested and exercisable.

Are John L. Mehltretter’s reported Lake Shore Bancorp (LSBK) transactions open-market buys or compensation awards?

The Form 4 shows a grant of 667 restricted shares classified as a grant, award, or other acquisition, rather than an open-market purchase. The remaining entries describe holdings, including stock options and IRA shares, instead of new market buy or sell transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/20/2026 - 04:30 PM Learn about SEC filing dates

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^*

Mehltretter John L

(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		667(1)	A	$0.00	19,600(2)	D
Common Stock								20,000	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							(3)	12/09/2035	Common Stock	5,237		5,237	D
Stock Option (Right to Buy)	$7.89							(4)	04/22/2034	Common Stock	7,468		7,468	D

Explanation of Responses:

1. Shares of restricted stock vest on March 18, 2027.

2. Includes 667 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.

4. Includes 5,975 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. 1,493 options are vested and exercisable.

	/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)