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MGNO insider Form 4 shows CEO equity grants and vesting terms

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Magnolia Bancorp, Inc. (MGNO) reported an equity award to its Chairman, President and CEO, who is also a director. On 11/20/2025, the executive received 8,337 shares of common stock at a price of $0 under the company’s 2025 Recognition and Retention Plan and Trust Agreement. Following this grant, the executive beneficially owns 45,024 shares of common stock directly.

The filing also shows a grant of a stock option for 16,675 shares with an exercise price of $11.19 per share on the same date. The restricted shares and the options vest in 20% increments per year, starting on November 20, 2026, which means the awards become fully vested over five years.

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Insider Hurley Michael L.
Role Chairman, President & CEO
Type Security Shares Price Value
Grant/Award Stock Option (Right to Buy) 16,675 $0.00 --
Grant/Award Common Stock $.01 par value 8,337 $0.00 --
Holdings After Transaction: Stock Option (Right to Buy) — 16,675 shares (Direct); Common Stock $.01 par value — 45,024 shares (Direct)
Footnotes (1)
  1. Represents the grant of shares pursuant to the Issuer's 2025 Recognition and Retention Plan and Trust Agreement that vest 20% per year commencing on November 20, 2026. The options vest at a rate of 20% per year commencing on November 20, 2026.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hurley Michael L.
(Last) (First) (Middle)
C/O MAGNOLIA BANCORP, INC.
2900 CLEARVIEW PKWY.
(Street)
METAIRIE LA 70006
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Magnolia Bancorp, Inc. [ MGNO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman, President & CEO
3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock $.01 par value 11/20/2025 A 8,337(1) A $0 45,024 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $11.19 11/20/2025 A 16,675 11/20/2026(2) 11/20/2035 Common Stock 16,675 $0 16,675 D
Explanation of Responses:
1. Represents the grant of shares pursuant to the Issuer's 2025 Recognition and Retention Plan and Trust Agreement that vest 20% per year commencing on November 20, 2026.
2. The options vest at a rate of 20% per year commencing on November 20, 2026.
/s/ Michael L. Hurley 11/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Magnolia Bancorp (MGNO) report for 11/20/2025?

Magnolia Bancorp (MGNO) reported that its Chairman, President and CEO, who is also a director, received 8,337 shares of common stock and a stock option for 16,675 shares on 11/20/2025.

How many Magnolia Bancorp (MGNO) shares does the CEO own after this Form 4?

After the reported transaction, the executive beneficially owns 45,024 shares of Magnolia Bancorp common stock directly.

What are the vesting terms of the Magnolia Bancorp (MGNO) restricted stock grant?

The 8,337 shares granted under the 2025 Recognition and Retention Plan vest at 20% per year, beginning on November 20, 2026, until fully vested after five years.

What are the key terms of the Magnolia Bancorp (MGNO) stock options granted?

The stock options cover 16,675 shares of common stock with an exercise price of $11.19 per share, vesting at 20% per year starting on November 20, 2026, and expiring on November 20, 2035.

Is the Magnolia Bancorp (MGNO) CEO considered a 10% owner in this filing?

The filing identifies the reporting person as a Director and an Officer (Chairman, President & CEO). The 10% owner box is not marked.

What compensation plan is referenced in the Magnolia Bancorp (MGNO) equity grant?

The restricted shares are granted under Magnolia Bancorp’s 2025 Recognition and Retention Plan and Trust Agreement, as noted in the explanation of responses.