Magyar Bancorp (MGYR) CEO granted 44 common shares at $18

Rhea-AI Filing Summary

Magyar Bancorp, Inc. President and CEO John S. Fitzgerald reported an acquisition of 44 shares of common stock on February 19, 2026, recorded as a grant or award at $18.00 per share into an IRA, held indirectly.

Following this transaction, the IRA holds 13,072 common shares. He also reports 86,382 common shares held directly, plus additional indirect holdings of 15,679 common shares through an ESOP and 40,487 common shares through a 401(k). Separately, he holds 60,000 stock options that vest at a rate of 20% per year commencing on September 22, 2023, and restricted stock that vests on the same schedule.

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

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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)
02/19/2026

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	02/19/2026		A		44	A	$18	13,072	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	02/20/2026
	** 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 did Magyar Bancorp (MGYR) CEO John S. Fitzgerald report on this Form 4?

John S. Fitzgerald reported receiving 44 shares of Magyar Bancorp common stock as a grant or award at $18.00 per share. The shares are held indirectly in an IRA, increasing that IRA’s reported holdings to 13,072 common shares after the transaction.

Was the Magyar Bancorp (MGYR) CEO buying or selling stock in this filing?

The filing shows an acquisition via grant or award of 44 common shares at $18.00 per share. There are no reported open-market purchases or sales; other line items simply update Fitzgerald’s direct and indirect holdings in common stock and stock options.

How many Magyar Bancorp (MGYR) shares does the CEO hold after this transaction?

After the reported grant, Fitzgerald’s IRA holds 13,072 common shares. He also reports 86,382 common shares held directly, 15,679 shares via an ESOP, and 40,487 shares via a 401(k), reflecting a mix of direct and indirect ownership positions in Magyar Bancorp stock.

What stock options does the Magyar Bancorp (MGYR) CEO report owning?

Fitzgerald reports ownership of 60,000 stock options following the reported date. According to the footnotes, these stock options vest at a rate of 20% per year commencing on September 22, 2023, gradually increasing the portion of options that become exercisable over time.

How do Magyar Bancorp (MGYR) CEO’s restricted shares vest according to the filing?

The filing notes that Fitzgerald’s restricted stock vests at 20% per year starting September 22, 2023. This means a fifth of the restricted shares become fully vested annually from that date, aligning with the vesting schedule disclosed for his stock options.

What types of indirect holdings does the Magyar Bancorp (MGYR) CEO report?

Indirectly, Fitzgerald holds 13,072 common shares in an IRA, 15,679 common shares through an ESOP, and 40,487 common shares through a 401(k). These accounts supplement his directly held 86,382 common shares, as disclosed in the Form 4 ownership tables.