Magyar Bancorp director gets 390-share stock grant

Magyar Bancorp, Inc. (MGYR) director Joseph A. Yelencsics reported an acquisition of 390 shares of common stock on August 27, 2026 as a grant or award at a reference value of $19.7005 per share.

Rhea-AI Filing Summary

Magyar Bancorp, Inc. (MGYR) director Joseph A. Yelencsics reported an acquisition of 390 shares of common stock on August 27, 2026 as a grant or award at a reference value of $19.7005 per share. Following this award, he directly holds 33,755 common shares, including restricted stock that vests 20% per year commencing on August 26, 2023. He also holds stock options on 19,550 underlying common shares with a $12.25 exercise price vesting 20% per year commencing on August 26, 2023 and expiring on September 22, 2032.

Insider Trade Summary

Grant/Award: 390 shares

Grant/Award 2 txns

Insider Yelencsics Joseph A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	390	$19.7005	$8K
holding	Stock Options F2	--	--	--

Holdings After Transaction: Common Stock — 33,755 shares (Direct); Stock Options — 19,550 contracts (Direct)

Footnotes (2)

1. F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on August 26, 2023.
2. F2. Stock options vest at a rate of 20% per year commencing on August 26, 2023

Key Figures

Common stock grant: 390 shares Grant reference value per share: $19.7005 per share Common shares held after transaction: 33,755 shares +5 more

8 metrics

Common stock grant 390 shares Grant or award acquisition on August 27, 2026

Grant reference value per share $19.7005 per share Common stock award on August 27, 2026

Common shares held after transaction 33,755 shares Direct ownership following August 27, 2026 grant, including restricted stock

Underlying shares for stock options 19,550 shares Common stock underlying options held directly

Stock option exercise price $12.25 per share Exercise price for options expiring September 22, 2032

Stock option expiration date September 22, 2032 Expiration for options on 19,550 underlying common shares

Restricted stock vesting rate 20% per year Restricted stock vests commencing on August 26, 2023

Stock options vesting rate 20% per year Options vest commencing on August 26, 2023

Key Terms

restricted stock, Stock Options, exercise price, vesting

4 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"

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.

exercise price financial

"exercisePrice": "12.2500""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vesting financial

"vest at a rate of 20% per year commencing on August 26, 2023"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MGYR director Joseph A. Yelencsics report in this Form 4?

He reported a grant or award of 390 shares of Magyar Bancorp, Inc. common stock on August 27, 2026, at a reference value of $19.7005 per share, increasing his direct holdings to 33,755 common shares.

How many MGYR shares does Joseph A. Yelencsics own after the reported transaction?

After the reported grant, he directly holds 33,755 shares of Magyar Bancorp, Inc. common stock, including restricted stock that vests at 20% per year commencing on August 26, 2023.

What are the terms of Joseph A. Yelencsics’s stock options related to MGYR?

He holds stock options linked to 19,550 underlying common shares of Magyar Bancorp, Inc., with an exercise price of $12.25 per share, vesting 20% per year commencing on August 26, 2023 and expiring on September 22, 2032.

Was the MGYR Form 4 transaction a market purchase or a compensation grant?

The Form 4 codes it as a grant, award, or other acquisition (transaction code A), indicating a compensation-related acquisition of 390 shares of common stock rather than an open-market purchase.

Does the Form 4 indicate any sale of MGYR shares by Joseph A. Yelencsics?

No. The filing reports an acquisition of 390 shares and lists existing stock option holdings; it does not report any sale or disposition of Magyar Bancorp, Inc. shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/31/2026 - 03:27 PM EDT Accepted by SEC EDGAR 08/31/2026 - 03:27 PM EDT Learn about SEC filing dates

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^*

Yelencsics Joseph A

(Last) (First) (Middle)

400 SOMERSET STREET

(Street)

NEW BRUNSWICK NEW JERSEY 08901

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/27/2026		A		390	A	$19.7005	33,755(1)	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 Options	$12.25							09/22/2023	09/22/2032	Common Stock	19,550(2)		19,550(2)	D

Explanation of Responses:

1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on August 26, 2023.

2. Stock options vest at a rate of 20% per year commencing on August 26, 2023

	/s/ Jon Ansari	08/31/2026
	** 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.
* Form 4: SEC 1474 (03-26)