MBBC CEO exercises 1,500 stock options
Marathon Bancorp, Inc. President and CEO Nicholas W. Zillges reported an option exercise and updated his share holdings.
Rhea-AI Filing Summary
Marathon Bancorp, Inc. President and CEO Nicholas W. Zillges reported an option exercise and updated his share holdings. He exercised stock options to acquire 1,500 shares of Common Stock at $6.48 per share, bringing his directly held Common Stock to 39,301 shares.
He now holds 29,994 stock options with an $8.13 exercise price expiring on June 28, 2032. Indirect holdings include 50,084 shares through a 401(k), 4,429 shares through an ESOP, and 604 shares through an IRA. Some entries reflect transactions not required to be reported under Section 16.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,500 shares exercised/converted
Exercise
6 txns
Insider
Zillges Nicholas W
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 1,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,500 | $6.48 | $10K |
| holding | Stock Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 32,994 contracts for 29,994 underlying shares (Direct);
Common Stock — 39,301 shares (Direct);
Common Stock — 604 shares (Indirect, By IRA);
Common Stock — 4,429 shares (Indirect, By ESOP);
Common Stock — 50,084 shares (Indirect, By 401(k))
Footnotes (4)
- F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023.
- F2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F3. Stock options vest at a rate of 20% per year commencing on May 16, 2024.
- F4. Stock options vest at a rate of 20% per year commencing on June 28, 2023.
Key Figures
Options exercised: 1,500 shares
Exercise price: $6.48/share
Direct Common Stock holdings: 39,301 shares
+4 more
7 metrics
Options exercised
1,500 shares
Common Stock acquired via option exercise at $6.48 on June 3, 2026
Exercise price
$6.48/share
Price for 1,500 Common Stock shares acquired by option exercise
Direct Common Stock holdings
39,301 shares
Total directly held Common Stock after transactions
Remaining stock options
29,994 options at $8.13
Unexercised options on Common Stock expiring June 28, 2032
401(k) indirect holdings
50,084 shares
Common Stock held indirectly through 401(k)
ESOP indirect holdings
4,429 shares
Common Stock held indirectly through ESOP
IRA indirect holdings
604 shares
Common Stock held indirectly through IRA
Key Terms
Stock options, restricted stock, Section 16, ESOP, +1 more
5 terms
Stock options financial
"Stock options vest at a rate of 20% per year commencing on May 16, 2024."
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.
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.
Section 16 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934..."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
ESOP financial
"Common Stock, 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.
401(k) financial
"Common Stock, 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MBBC President and CEO Nicholas Zillges report in this Form 4?
Nicholas Zillges reported exercising stock options to acquire 1,500 MBBC Common Stock shares at $6.48 per share. The filing also updates his direct and indirect share holdings, including remaining stock options and shares held via retirement and employee ownership plans.
What stock options does Nicholas Zillges retain following the reported MBBC transactions?
Following the reported transactions, Nicholas Zillges retains 29,994 MBBC stock options with an $8.13 exercise price. These options relate to Common Stock and are scheduled to expire on June 28, 2032, according to the derivative holdings information included in the filing.
Do the MBBC footnotes indicate any non-reportable Section 16 transactions for Nicholas Zillges?
Yes, a footnote states that certain entries reflect transactions not required to be reported under Section 16 of the Securities Exchange Act of 1934. These lines primarily document holdings detail rather than additional reportable purchases or sales of MBBC securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
