Magyar Bancorp CFO granted 500 shares

Magyar Bancorp, Inc. executive vice president and CFO Jon Ansari reported an equity award and updated his holdings.

Rhea-AI Filing Summary

Magyar Bancorp, Inc. executive vice president and CFO Jon Ansari reported an equity award and updated his holdings. On February 25, 2026, he acquired 500 shares of common stock as a grant at $18.00 per share, bringing his directly held common stock to 75,805 shares.

He also reported 40,000 stock options held directly. Indirect common stock holdings total 2,102 shares through his spouse’s IRA, 15,597 shares through an ESOP, and 25,752 shares through a 401(k). Footnotes state restricted stock and stock options vest 20% per year starting on September 22, 2023.

Insider Trade Summary

Grant/Award: 500 shares

Grant/Award 5 txns

Insider Ansari Jon

Role EVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	500	$18.00	$9K
holding	Stock Options	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 75,805 shares (Direct); Stock Options — 40,000 contracts (Direct); Common Stock — 2,102 shares (Indirect, By Spouse's IRA); Common Stock — 15,597 shares (Indirect, By ESOP); Common Stock — 25,752 shares (Indirect, By 401(k))

Footnotes (2)

1. F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on September 22, 2023.
2. F2. Stock options vest at a rate of 20% per year commencing on September 22, 2023.

FAQ

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

What insider transaction did Magyar Bancorp (MGYR) CFO Jon Ansari report?

Magyar Bancorp CFO Jon Ansari reported receiving a grant of 500 shares of common stock at $18.00 per share. This equity award increased his directly held common stock position to 75,805 shares as of the reported transaction date.

How many Magyar Bancorp (MGYR) shares does the CFO now hold directly and indirectly?

After the reported award, Jon Ansari holds 75,805 shares of Magyar Bancorp common stock directly. Indirectly, he reported 2,102 shares via his spouse’s IRA, 15,597 shares through an ESOP, and 25,752 shares in a 401(k), plus 40,000 stock options.

What is the vesting schedule for Magyar Bancorp (MGYR) restricted stock and options held by the CFO?

Restricted stock and stock options reported by the CFO vest at a rate of 20% per year starting on September 22, 2023. This means the awards become exercisable or fully owned gradually over several years according to that annual vesting schedule.

What type of Form 4 transaction code applies to the Magyar Bancorp (MGYR) CFO’s new shares?

The 500-share acquisition is coded as a grant, award, or other acquisition rather than an open-market purchase. This reflects compensation-related stock being awarded to the CFO, not a traditional buy or sell trade in the open market.

Did the Magyar Bancorp (MGYR) Form 4 show any insider stock sales by the CFO?

The Form 4 shows an equity grant acquisition and updated holdings but does not report any stock sales by the CFO. The filing focuses on the 500-share award and his direct, indirect, and option holdings following that grant.

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

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Accepted by SEC EDGAR 02/26/2026 - 11:58 AM 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^*

Ansari Jon

(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)
	EVP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		A		500	A	$18	75,805(1)	D
Common Stock								2,102	I	By Spouse's IRA
Common Stock								15,597	I	By ESOP
Common Stock								25,752	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	40,000(2)		40,000(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/ John Fitzgerald	02/26/2026
	** 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.