Magyar Bancorp director gets 200-share stock grant

Magyar Bancorp, Inc. (MGYR) director Andrew G. Hodulik reported acquisitions of equity awards.

Rhea-AI Filing Summary

Magyar Bancorp, Inc. (MGYR) director Andrew G. Hodulik reported acquisitions of equity awards. On 2026-08-28 he received 200 shares of Common Stock at a reference value of $19.30 per share, bringing his direct Common Stock holdings to 33,719 shares, including restricted stock that vests 20% per year starting 2023-08-25. He also reported a prior grant dated 2022-08-26 of 19,550 stock options exercisable into 19,550 shares of Common Stock at an exercise price of $12.25, vesting 20% per year from 2023-08-25 and expiring on 2032-08-26.

Insider Trade Summary

Grant/Award: 19,750 shares

Grant/Award 2 txns

Insider Hodulik Andrew G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	200	$19.30	$4K
Grant/Award	Stock Options F2	19,550	$0.00	$0.00

Holdings After Transaction: Stock Options — 19,550 contracts (Direct); Common Stock — 33,719 shares (Direct)

Footnotes (2)

1. F1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on August 25, 2023.
2. F2. Stock options vest at a rate of 20% per year commencing on August 25, 2023.

Key Figures

Common Stock grant: 200 shares Reference price per share: $19.30 per share Holdings after transaction: 33,719 shares +4 more

7 metrics

Common Stock grant 200 shares Shares of Magyar Bancorp Common Stock awarded on 2026-08-28

Reference price per share $19.30 per share Reference value for 200-share Common Stock award on 2026-08-28

Holdings after transaction 33,719 shares Total direct Common Stock held by Andrew G. Hodulik after 2026-08-28 award

Stock options granted 19,550 options Options on Magyar Bancorp stock granted on 2022-08-26

Option exercise price $12.25 per share Exercise price for 19,550 stock options into Common Stock

Option expiration date 2032-08-26 Expiration for the 19,550 stock options reported

Vesting rate 20% per year Vesting schedule for restricted stock and stock options, commencing 2023-08-25

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

"conversion_or_exercise_price": "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

"which vest at a rate of 20% per year commencing on August 25, 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 equity award did Andrew G. Hodulik acquire in this Form 4 for MGYR?

Andrew G. Hodulik acquired 200 shares of Magyar Bancorp Common Stock on 2026-08-28 as a grant or award, at a reported reference value of $19.30 per share, increasing his direct Common Stock holdings to 33,719 shares.

How many MGYR shares does Andrew G. Hodulik hold after this transaction?

Following the 2026-08-28 award, Andrew G. Hodulik directly holds 33,719 shares of Magyar Bancorp Common Stock, which the filing states include shares of restricted stock that vest over time.

What are the vesting terms of Andrew G. Hodulik’s restricted MGYR stock?

The filing states that Andrew G. Hodulik’s restricted Magyar Bancorp stock vests at a rate of 20% per year, commencing on 2023-08-25.

What stock options related to MGYR did Andrew G. Hodulik report?

Andrew G. Hodulik reported a grant dated 2022-08-26 of 19,550 stock options on Magyar Bancorp stock, each with an exercise price of $12.25, exercisable for 19,550 underlying Common shares.

What are the vesting and expiration terms of Hodulik’s MGYR stock options?

The reported Magyar Bancorp stock options vest at 20% per year commencing on 2023-08-25 and have an expiration date of 2032-08-26, according to the filing footnote.

Does this MGYR Form 4 involve any stock sales by Andrew G. Hodulik?

No. The Form 4 reports acquisitions of 200 Common shares and 19,550 stock options by grant or award. The transaction summary shows no reported sales or dispositions in this filing.

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

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Available on EDGAR 08/28/2026 - 03:22 PM EDT Accepted by SEC EDGAR 08/28/2026 - 03:21 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^*

Hodulik Andrew G

(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)
08/28/2026

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	08/28/2026		A		200	A	$19.3	33,719(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	08/26/2022		A		19,550(2)		08/26/2023	08/26/2032	Common Stock	19,550(2)	$0.00	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 25, 2023.

2. Stock options vest at a rate of 20% per year commencing on August 25, 2023.

	/s/ John S. Fitzgerald	08/28/2026
	** 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)