Director Wimmer (NASDAQ: MBBC) exercises stock options and increases Marathon Bancorp share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Marathon Bancorp director Timothy R. Wimmer exercised stock options to acquire additional common shares on June 3, 2026. He exercised options for 899 shares of common stock at a conversion price of $6.48 per share and 3,599 shares at $8.13 per share, with the resulting common stock held indirectly by trusts.
Following these transactions, Wimmer holds 2,998 common shares directly, and indirect trust holdings reported total 13,862 and 12,963 common shares in separate entries. His remaining stock options after the exercises were 600 and 2,400 options in two series that vest 20% per year beginning in 2023 and 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,498 shares exercised/converted
Mixed
5 txns
Insider
Wimmer Timothy R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 3,599 | $0.00 | -- |
| Exercise | Stock Options | 899 | $0.00 | -- |
| Exercise | Common Stock | 3,599 | $8.13 | $29K |
| Exercise | Common Stock | 899 | $6.48 | $6K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 2,400 shares (Direct, null);
Common Stock — 12,963 shares (Indirect, By Trust);
Common Stock — 2,998 shares (Direct, null)
Footnotes (1)
- Includes shares of restricted stock which 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 June 28, 2023. Stock options vest at a rate of 20% per year commencing on May 16, 2024.
Key Figures
Options exercised at $6.48: 899 shares
Options exercised at $8.13: 3,599 shares
Direct common shares after transactions: 2,998 shares
+4 more
7 metrics
Options exercised at $6.48
899 shares
Common stock acquired via option exercise at $6.48 on June 3, 2026
Options exercised at $8.13
3,599 shares
Common stock acquired via option exercise at $8.13 on June 3, 2026
Direct common shares after transactions
2,998 shares
Directly held Marathon Bancorp common stock following June 3, 2026 transactions
Indirect trust holding A
13,862 shares
Common stock held indirectly by trust after June 3, 2026
Indirect trust holding B
12,963 shares
Additional common stock held indirectly by trust after June 3, 2026
Remaining stock options grant 1
600 options
Options with 20% annual vesting commencing June 28, 2023
Remaining stock options grant 2
2,400 options
Options with 20% annual vesting commencing May 16, 2024
Key Terms
restricted stock, Stock options, derivative security, By Trust, +1 more
5 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.
Stock options financial
"Stock options vest at a rate of 20% per year commencing on June 28, 2023"
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
By Trust financial
"Common Stock reported with nature of ownership noted as By Trust"
indirect ownership financial
"ownership_type marked as indirect where shares are held By Trust"
FAQ
What did Timothy R. Wimmer do in this Form 4 for MBBC?
Timothy R. Wimmer exercised stock options to acquire additional Marathon Bancorp common shares. He converted two option grants into 4,498 common shares, which are reported as being held indirectly by trusts and directly in his own account after the transactions.
What stock option positions does Wimmer retain after exercising options in MBBC?
After exercising options, Wimmer retains 600 stock options from one grant and 2,400 stock options from another. Footnotes state both option grants vest at 20% per year, with vesting schedules commencing on June 28, 2023 and May 16, 2024, respectively.
At what prices were Wimmer’s Marathon Bancorp options exercised?
The filing shows Wimmer exercised options with conversion prices of $6.48 and $8.13 per share. These prices apply to option grants that produced 899 and 3,599 common shares respectively when exercised, all reported as derivative exercises on June 3, 2026.
How are Wimmer’s indirect Marathon Bancorp holdings structured in this Form 4?
Indirect holdings are reported as "By Trust" in the filing. Two separate common stock entries show 13,862 and 12,963 shares held by trusts after the exercises, indicating the acquired shares are attributed to trust ownership rather than being held directly in his personal account.