Marathon Bancorp EVP uses 225 shares for taxes
Marathon Bancorp EVP and COO Michelle Knopf reported routine equity updates.
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Form Type
4
Rhea-AI Filing Summary
Marathon Bancorp EVP and COO Michelle Knopf reported routine equity updates. A Form 4 shows a tax-withholding disposition of 225 shares of common stock at $15.49 per share to cover obligations, leaving her with 8,557 directly held shares. She also has indirect holdings of 2,235 shares by ESOP and 19,339 shares by 401(k). Knopf continues to hold stock options for 10,000 shares at $14.55, 4,804 shares at $6.48, and 4,498 shares at $8.13 expiring between 2032 and 2036.
Insider Trade Summary
Exercise Price or Tax Liability: 225 shares
Exercise Price or Tax Liability
6 txns
Insider
Knopf Michelle
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 225 | $15.49 | $3K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,557 shares (Direct);
Stock Options — 19,302 contracts (Direct);
Common Stock — 19,339 shares (Indirect, By 401(k));
Common Stock — 2,235 shares (Indirect, By ESOP)
Footnotes (6)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023.
- F2. Includes shares of restricted stock which vest at a rate of 20% per year commencing on May 16, 2024.
- F3. Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 15, 2027.
- F4. Stock options vest at a rate of 20% per year commencing on June 28, 2023.
- F5. Stock options vest at a rate of 20% per year commencing on May 16, 2024.
- F6. Stock options vest at a rate of 20% per year commencing on June 15, 2027.
Key Figures
Tax-withholding shares: 225 shares
Tax-withholding price: $15.49/share
Direct common shares after: 8,557 shares
+5 more
8 metrics
Tax-withholding shares
225 shares
Common stock used to satisfy tax or exercise obligations at $15.49
Tax-withholding price
$15.49/share
Value of common stock delivered for tax or exercise liability
Direct common shares after
8,557 shares
Direct ownership of Marathon Bancorp common stock after disposition
ESOP holdings
2,235 shares
Indirect common stock held by ESOP for Knopf
401(k) holdings
19,339 shares
Indirect common stock held by 401(k) for Knopf
Options at $14.55
10,000 underlying shares
Stock options on common stock, $14.55 exercise price, expiring 2036-06-15
Options at $6.48
4,804 underlying shares
Stock options on common stock, $6.48 exercise price, expiring 2033-05-16
Options at $8.13
4,498 underlying shares
Stock options on common stock, $8.13 exercise price, expiring 2032-06-28
Key Terms
tax-withholding disposition, ESOP, 401(k), Stock options, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for 225 common shares at $15.49"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
ESOP financial
"nature_of_ownership: By ESOP for 2,235 indirect common shares"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(k) financial
"nature_of_ownership: By 401(k) for 19,339 indirect common shares"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
Stock options financial
"security_title: Stock Options with underlying common shares and exercise prices"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"conversion_or_exercise_price values of 14.5500, 6.4800 and 8.1300"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Marathon Bancorp (MBBC) EVP Michelle Knopf report on this Form 4?
Michelle Knopf reported a tax-related share disposition and updated holdings. The filing shows 225 common shares used for tax withholding and refreshed totals for her direct, ESOP, 401(k), and stock option positions in Marathon Bancorp equity.
What indirect Marathon Bancorp (MBBC) holdings does Michelle Knopf have?
Michelle Knopf has 2,235 Marathon Bancorp shares held by an ESOP and 19,339 shares held by a 401(k). These indirect positions are in addition to her directly owned common shares and stock options reported in the same Form 4.
What stock options for Marathon Bancorp (MBBC) does Michelle Knopf retain?
Michelle Knopf retains stock options over 10,000 shares at $14.55, 4,804 shares at $6.48, and 4,498 shares at $8.13. These options, all on common stock, have expiration dates between 2032 and 2036.
Was the Marathon Bancorp (MBBC) Form 4 transaction an open-market sale?
The Form 4 shows a tax-withholding disposition, not an open-market sale. Specifically, 225 common shares at $15.49 were delivered to satisfy exercise price or tax liabilities rather than being sold in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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