Director at Magyar Bancorp (MGYR) receives 200-share stock grant and holds options

Rhea-AI Filing Summary

Magyar Bancorp director Joseph A. Yelencsics received a grant of 200 shares of common stock at $17.556 per share. Following this award, he holds 33,365 common shares, including restricted stock that vests 20% per year starting August 26, 2023, plus stock options for 19,550 shares at a $12.25 exercise price expiring in 2032.

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^*

Yelencsics Joseph A

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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	03/12/2026		A		200	A	$17.556	33,365(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	03/13/2026
	** 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 Magyar Bancorp (MGYR) report for Joseph A. Yelencsics?

Magyar Bancorp reported that director Joseph A. Yelencsics received a grant of 200 shares of common stock at $17.556 per share. This is a compensation-related award, not an open-market purchase or sale, and increases his directly held common stock position.

How many Magyar Bancorp (MGYR) shares does Joseph A. Yelencsics own after this Form 4?

After the grant, Joseph A. Yelencsics directly holds 33,365 shares of Magyar Bancorp common stock. This total includes restricted stock that vests over time at 20% per year beginning August 26, 2023, as disclosed in the Form 4 footnotes.

Were the Magyar Bancorp (MGYR) shares on this Form 4 bought on the open market?

No, the 200 Magyar Bancorp shares were reported with code “A,” indicating a grant, award, or other acquisition. That means they were received as part of compensation rather than purchased in an open-market transaction at prevailing trading prices.

What stock options does Joseph A. Yelencsics hold in Magyar Bancorp (MGYR)?

The filing shows Yelencsics holds stock options tied to 19,550 shares of Magyar Bancorp common stock. These options have a $12.25 exercise price and expire on September 22, 2032, with vesting at 20% per year starting August 26, 2023.

How do the restricted shares for Magyar Bancorp (MGYR) vest for Joseph A. Yelencsics?

The Form 4 footnotes state that Yelencsics’ restricted stock vests at a rate of 20% per year starting on August 26, 2023. This structure gradually delivers full ownership over multiple years, aligning the director’s compensation with longer-term company performance.

Does this Magyar Bancorp (MGYR) Form 4 show any insider share sales?

No, the Form 4 does not report any sales of Magyar Bancorp shares by Joseph A. Yelencsics. It records an acquisition of 200 common shares via a grant and lists his existing stock option holdings as of the reporting date.