Marathon Bancorp exec exercises options for 2,163 shares
Marathon Bancorp EVP and CAO Nora Spatz exercised options for 2,163 common shares and retains options on 11,000 additional shares.
Rhea-AI Filing Summary
Marathon Bancorp, Inc. (MBBC) reports that executive vice president and chief administrative officer Nora Spatz exercised stock options on September 18, 2026 to acquire 1,201 shares of common stock at $8.13 per share and 962 shares at $6.48 per share. These exercises reduced corresponding option positions and increased directly held common shares, which include restricted stock that vests 20% annually starting in 2023, 2024 and 2027. Spatz continues to hold options covering 11,000 shares of common stock at an exercise price of $14.55 per share, expiring June 15, 2036, vesting 20% per year commencing June 15, 2027, and also has indirect common stock holdings through a 401(k), a trust, custodial accounts, an employee stock ownership plan, and a spouse account. No transactions are reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,163 shares exercised/converted
Exercise
10 txns
Insider
Spatz Nora
Role
EVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options F4 | 1,201 | $0.00 | $0.00 |
| Exercise | Stock Options F5 | 962 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2, F3 | 1,201 | $8.13 | $10K |
| Exercise | Common Stock F1, F2, F3 | 962 | $6.48 | $6K |
| holding | Stock Options F6 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 14,120 contracts for 11,000 underlying shares (Direct);
Common Stock — 29,259 shares (Direct);
Common Stock — 39,520 shares (Indirect, By 401(k));
Common Stock — 1,598 shares (Indirect, By Trust);
Common Stock — 1,149 shares (Indirect, As custodian);
Common Stock — 2,109 shares (Indirect, By ESOP);
Common Stock — 1,372 shares (Indirect, By Spouse)
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
Common shares acquired at $8.13: 1,201 shares
Common shares acquired at $6.48: 962 shares
Total shares acquired via exercises: 2,163 shares
+5 more
8 metrics
Common shares acquired at $8.13
1,201 shares
Common stock received from option exercise on September 18, 2026 at $8.13 per share
Common shares acquired at $6.48
962 shares
Common stock received from option exercise on September 18, 2026 at $6.48 per share
Total shares acquired via exercises
2,163 shares
Sum of common shares from both option exercises on September 18, 2026
Remaining options exercise price
$14.55 per share
Exercise price of remaining stock options expiring June 15, 2036
Remaining option underlying shares
11,000 shares
Common shares underlying remaining stock options held directly
Indirect 401(k) holdings
39,520 shares
Common stock held indirectly in a 401(k) account after the reported date
Indirect ESOP holdings
2,109 shares
Common stock held indirectly through an employee stock ownership plan
Spouse indirect holdings
1,372 shares
Common stock held indirectly by spouse
Key Terms
restricted stock, vest at a rate of 20% per year, 401(k), Employee Stock Ownership Plan
4 terms
restricted stock financial
"Includes shares of restricted stock which vest at a rate of 20% per year"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vest at a rate of 20% per year financial
"Stock options vest at a rate of 20% per year commencing"
401(k) financial
"Indirect ownership listed as By 401(k) for common stock holdings"
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.
Employee Stock Ownership Plan financial
"Indirect ownership listed as By ESOP for common stock holdings"
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MBBC executive Nora Spatz report on this Form 4?
Nora Spatz reported exercising stock options on September 18, 2026 to acquire 2,163 shares of Marathon Bancorp common stock at exercise prices of $8.13 and $6.48 per share, increasing her directly held common stock position.
What Marathon Bancorp stock options does Nora Spatz still hold after these transactions?
She continues to hold stock options on common stock with an exercise price of $14.55 per share, expiring June 15, 2036, covering 11,000 underlying shares, vesting 20% annually commencing June 15, 2027.
Does the Form 4 indicate Nora Spatz used a Rule 10b5-1 trading plan for these MBBC transactions?
No. The filing indicates that these transactions were not reported as being made under a Rule 10b5-1 trading plan.
What indirect holdings of Marathon Bancorp (MBBC) common stock does Nora Spatz report?
She reports indirect holdings of common stock including 39,520 shares by a 401(k), 1,598 shares by a trust, 1,149 shares as custodian, 2,109 shares by an employee stock ownership plan, and 1,372 shares by her spouse.
How do restricted stock awards factor into Nora Spatz’s MBBC common stock holdings?
Her reported common stock holdings include restricted stock that vests at 20% per year, with vesting schedules commencing on June 28, 2023, May 16, 2024 and June 15, 2027, as described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
