Marathon Bancorp (MBBC) CEO adds 970 shares in open-market purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marathon Bancorp, Inc. President and CEO Nicholas W. Zillges reported an open-market purchase of 970 shares of common stock at $15.00 per share on June 16, 2026, increasing his direct ownership to 57,205 shares.
He also reports indirect holdings of 4,429 shares by an ESOP, 604 shares by an IRA, and 51,160 shares by a 401(k). In addition, he holds stock options on 42,335 shares at $14.55 per share expiring on June 15, 2036, 3,000 shares at $6.48 expiring on May 16, 2033, and 29,994 shares at $8.13 expiring on June 28, 2032, with related vesting schedules described in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 970 shares ($14,550)
Net Buy
7 txns
Insider
Zillges Nicholas W
Role
President and CEO
Bought
970 shs ($15K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 970 | $15.00 | $15K |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 57,205 shares (Direct, null);
Stock Options — 29,994 shares (Direct, null);
Common Stock — 51,160 shares (Indirect, By 401(k))
Footnotes (1)
- Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023. Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 15, 2027. Stock options vest at a rate of 20% per year commencing on June 28, 2023. Stock options vest at a rate of 20% per year commencing on May 16, 2024. Stock options vest at a rate of 20% per year commencing on June 15, 2027.
Key Figures
Open-market purchase: 970 shares at $15.00/share
Direct holdings after transaction: 57,205 shares
ESOP indirect holdings: 4,429 shares
+5 more
8 metrics
Open-market purchase
970 shares at $15.00/share
Common Stock bought on June 16, 2026
Direct holdings after transaction
57,205 shares
Common Stock held directly by CEO after June 16, 2026
ESOP indirect holdings
4,429 shares
Common Stock held indirectly by ESOP
401(k) indirect holdings
51,160 shares
Common Stock held indirectly by 401(k)
IRA indirect holdings
604 shares
Common Stock held indirectly by IRA
Options at $14.55
42,335 underlying shares at $14.55
Stock options expiring June 15, 2036
Options at $6.48
3,000 underlying shares at $6.48
Stock options expiring May 16, 2033
Options at $8.13
29,994 underlying shares at $8.13
Stock options expiring June 28, 2032
Key Terms
open-market purchase, ESOP, IRA, 401(k), +2 more
6 terms
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ESOP financial
"nature_of_ownership": "By ESOP""
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.
IRA financial
"nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
401(k) financial
"nature_of_ownership": "By 401(k)""
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.
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.
Stock options financial
"Stock options vest at a rate of 20% per year"
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.
FAQ
What insider transaction did MBBC CEO Nicholas W. Zillges report?
Nicholas W. Zillges reported buying 970 Marathon Bancorp common shares at $15.00 each in an open-market transaction on June 16, 2026. This increased his directly held stake to 57,205 shares, according to the Form 4 filing.
What stock options on MBBC does the CEO report in this Form 4?
The CEO reports stock options over 42,335 shares at $14.55 expiring June 15, 2036, 3,000 shares at $6.48 expiring May 16, 2033, and 29,994 shares at $8.13 expiring June 28, 2032, all on Marathon Bancorp common stock.
What indirect Marathon Bancorp holdings are reported for the MBBC CEO?
The filing lists indirect holdings of 4,429 shares of common stock held by an ESOP, 604 shares held by an IRA, and 51,160 shares held by a 401(k) plan. These positions supplement the CEO’s directly owned Marathon Bancorp shares.
How do the MBBC CEO’s stock options vest according to the Form 4 footnotes?
Footnotes state certain stock options vest at 20% per year, beginning June 28, 2023, May 16, 2024, or June 15, 2027, depending on the specific grant. This staggered vesting gradually makes more options exercisable over multiple years.