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Lake Shore Bancorp (LSBK) director awarded 893 restricted shares

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

Rhea-AI Filing Summary

Lake Shore Bancorp director Sharon E. Brautigam reported receiving 893 shares of restricted common stock on December 9, 2025 at a price of $0.00 per share. These restricted shares are scheduled to vest on December 9, 2026.

After this grant, she directly holds 23,287 shares of common stock, including 815 restricted shares that vest on March 12, 2026 and the 893 restricted shares that vest on December 9, 2026. She also has indirect holdings of 474 shares through a spouse and 20,000 shares through an IRA.

In addition, she holds a stock option to buy 2,570 shares of common stock at an exercise price of $7.89 per share, expiring April 22, 2034. Of these options, 514 had already vested on April 23, 2025, and 2,056 remain unvested and are scheduled to vest in four equal annual installments beginning on April 23, 2026.

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Insider Brautigam Sharon E
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 893 $0.00 --
holding Stock Option (Right to Buy) -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 23,287 shares (Direct); Stock Option (Right to Buy) — 2,570 shares (Direct); Common Stock — 474 shares (Indirect, By Spouse)
Footnotes (1)
  1. Shares of restricted stock vest on December 9, 2026. Includes 815 shares of restricted stock which vest on March 12, 2026 and 893 shares of restricted stock which vest on December 9, 2026. 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.
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*
Brautigam Sharon E
(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) 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 893(1) A $0.00 23,287(2) D
Common Stock 474 I By Spouse
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) $7.89 (3) 04/22/2034 Common Stock 2,570 2,570 D
Explanation of Responses:
1. Shares of restricted stock vest on December 9, 2026.
2. Includes 815 shares of restricted stock which vest on March 12, 2026 and 893 shares of restricted stock which vest on December 9, 2026.
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 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did LSBK director Sharon E. Brautigam report?

Director Sharon E. Brautigam reported the acquisition of 893 shares of restricted Lake Shore Bancorp common stock on December 9, 2025 at a price of $0.00 per share.

When do Sharon Brautigams new restricted LSBK shares vest?

The 893 newly granted restricted shares of Lake Shore Bancorp common stock are scheduled to vest on December 9, 2026.

How many Lake Shore Bancorp (LSBK) shares does the director hold after this Form 4?

After the reported grant, Sharon Brautigam directly holds 23,287 shares of Lake Shore Bancorp common stock, including both unrestricted and restricted shares. She also has indirect beneficial ownership of 474 shares through a spouse and 20,000 shares through an IRA.

What restricted stock positions does Sharon Brautigam have in LSBK?

Her direct holdings include 815 restricted shares that vest on March 12, 2026 and 893 restricted shares that vest on December 9, 2026.

What stock options does the LSBK director hold?

Sharon Brautigam holds a stock option to buy 2,570 shares of Lake Shore Bancorp common stock at an exercise price of $7.89 per share, expiring on April 22, 2034.

How are Sharon Brautigams LSBK stock options vesting over time?

The option includes 514 shares that vested on April 23, 2025. The remaining 2,056 option shares are unvested and are scheduled to vest in four equal annual installments beginning on April 23, 2026.