Magyar Bancorp (MGYR) CEO adds IRA shares in Form 4 filing

Rhea-AI Filing Summary

Magyar Bancorp, Inc. President and CEO John S. Fitzgerald reported an indirect acquisition of common stock. On February 12, 2026, an IRA associated with him acquired 5 shares of Magyar Bancorp common stock at $18 per share, bringing that IRA position to 12,928 shares.

Fitzgerald also reports direct ownership of 86,382 common shares, which include restricted stock vesting 20% per year starting September 22, 2023. In addition, he indirectly holds 15,679 shares through an ESOP and 40,487 shares through a 401(k), and directly holds 60,000 stock options that vest 20% per year beginning September 22, 2023 and expire on September 22, 2032.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Fitzgerald John S

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5	$18.00	$90.00
holding	Stock Options	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 12,928 shares (Indirect, By IRA); Stock Options — 60,000 shares (Direct); Common Stock — 86,382 shares (Direct)

Footnotes (1)

1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on September 22, 2023. Stock options vest at a rate of 20% per year commencing on September 22, 2023.

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^*

Fitzgerald John S

(Last) (First) (Middle)

400 SOMERSET STREET

(Street)

NEW BRUNSWICK NJ 08901

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Magyar Bancorp, Inc. [ MGYR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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	02/12/2026		A		5	A	$18	12,928	I	By IRA
Common Stock								86,382(1)	D
Common Stock								15,679	I	By ESOP
Common Stock								40,487	I	By 401(k)

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 Options	$12.7							09/22/2023	09/22/2032	Common Stock	60,000(2)		60,000(2)	D

Explanation of Responses:

1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on September 22, 2023.

2. Stock options vest at a rate of 20% per year commencing on September 22, 2023.

	/s/ Jon Ansari	02/17/2026
	** 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.

FAQ

What insider transaction did MGYR disclose for John S. Fitzgerald?

Magyar Bancorp disclosed that President and CEO John S. Fitzgerald indirectly acquired 5 shares of common stock on February 12, 2026. The shares were obtained through an IRA at $18 per share, slightly increasing his indirect ownership position in Magyar Bancorp stock.

At what price were the new MGYR shares acquired by the CEO?

The 5 newly acquired Magyar Bancorp shares tied to CEO John S. Fitzgerald were obtained at $18 per share. The acquisition occurred through an IRA on February 12, 2026, and is categorized as a grant, award, or other acquisition rather than an open-market purchase.

How many MGYR shares does John S. Fitzgerald own after this Form 4 filing?

After the reported transaction, John S. Fitzgerald holds 12,928 shares indirectly via an IRA, 86,382 shares directly, 15,679 shares indirectly through an ESOP, and 40,487 shares indirectly through a 401(k). These figures reflect different ownership forms and retirement-related accounts reported in the filing.

What stock options in MGYR does John S. Fitzgerald report holding?

Fitzgerald reports holding 60,000 Magyar Bancorp stock options directly. These options vest at a rate of 20% per year starting September 22, 2023, and are exercisable at $12.70 per share until their expiration on September 22, 2032, as disclosed in the derivative securities table.

How do restricted MGYR shares factor into Fitzgeralds reported holdings?

The filing notes that Fitzgeralds direct ownership of 86,382 common shares includes restricted stock. These restricted shares vest at 20% per year beginning September 22, 2023. This vesting schedule gradually converts restricted shares into fully vested common stock over multiple years.

What roles does John S. Fitzgerald hold at Magyar Bancorp (MGYR)?

John S. Fitzgerald is both a director and the President and CEO of Magyar Bancorp, Inc. This dual role is disclosed in the filing and underscores that the reported equity positions and transactions relate to the companys senior executive leadership.