Magyar Bancorp (MGYR) CEO granted 739 IRA shares at $18

Rhea-AI Filing Summary

Magyar Bancorp, Inc. director and President & CEO John S. Fitzgerald reported an indirect acquisition of 739 shares of common stock at $18 per share on behalf of an IRA, bringing that IRA’s holdings to 13,811 common shares. Separate entries show Fitzgerald’s direct holdings of common stock and stock options, as well as indirect holdings through an ESOP and a 401(k) plan. Footnotes note that certain restricted stock and stock options vest at 20% per year starting on September 22, 2023.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Fitzgerald John S

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	739	$18.00	$13K
holding	Stock Options	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 13,811 shares (Indirect, By IRA); Stock Options — 60,000 shares (Direct); Common Stock — 86,382 shares (Direct)

Footnotes (1)

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

Form 4 Insider Transactions: What Each Field Means →

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^*

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)
02/25/2026

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		739	A	$18	13,811	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	02/26/2026
	** 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.

FAQ

What insider transaction did Magyar Bancorp (MGYR) report for John S. Fitzgerald?

Magyar Bancorp reported that John S. Fitzgerald acquired 739 shares of common stock at $18 per share. The acquisition was coded as a grant or award and was held indirectly through an IRA, increasing that IRA’s total common stock holdings to 13,811 shares.

Was the Magyar Bancorp (MGYR) CEO’s Form 4 transaction a market purchase or a grant?

The Form 4 shows the CEO’s transaction as a grant, award, or other acquisition, not an open-market purchase. It records 739 common shares acquired at $18 per share under transaction code A, held indirectly through an IRA, with no reported sales activity.

How many Magyar Bancorp (MGYR) shares and options does John S. Fitzgerald hold after this filing?

After the reported grant, Fitzgerald’s IRA holds 13,811 common shares. Separate holdings shown include 86,382 common shares held directly, 15,679 common shares via an ESOP, 40,487 common shares via a 401(k), and 60,000 stock options held directly, according to the Form 4 data.

What do the vesting footnotes in the Magyar Bancorp (MGYR) Form 4 indicate?

The footnotes state that some restricted stock vests at a rate of 20% per year starting on September 22, 2023. They also state that certain stock options vest 20% per year from the same date, outlining a gradual, multi‑year vesting schedule tied to that commencement date.

How is the Magyar Bancorp (MGYR) CEO’s new share grant held for ownership purposes?

The 739 newly acquired common shares are reported as indirect ownership, held “By IRA.” This means the shares are attributed to an individual retirement account associated with John S. Fitzgerald, rather than being held directly in his own name on the company’s records.