Employee plan holds 6.9% of Magyar Bancorp (MGYR) stock

Rhea-AI Filing Summary

Magyar Bancorp, Inc. received an updated ownership report from the Magyar Bank Employee Stock Ownership Plan Trust, showing it beneficially owns 445,300 shares of common stock, or 6.9% of the company as of 12/31/2025.

The trust, for which TI-Trust, Inc. acts as trustee, reports sole voting power over 253,602 shares and shared voting power over 191,698 shares. It has sole dispositive power over 366,204 shares and shared dispositive power over 79,096 shares. The trust certifies the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Magyar Bancorp.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Magyar Bancorp, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

55977T208

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 55977T208

1

Names of Reporting Persons

Magyar Bank Employee Stock Ownership Plan Trust

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 253,602.00
6	Shared Voting Power 191,698.00
7	Sole Dispositive Power 366,204.00
8	Shared Dispositive Power 79,096.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

445,300.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.9 %

12

Type of Reporting Person (See Instructions)

EP

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Magyar Bancorp, Inc.
(b)	Address of issuer's principal executive offices: 400 Somerset Street, New Brunswick, New Jersey, 08901
Item 2.
(a)	Name of person filing: Magyar Bank, Employee Stock Ownership Plan Trust, Trustee: TI-Trust, Inc.
(b)	Address or principal business office or, if none, residence: c/o TI-Trust, Inc., 2900 North 23rd Street, Quincy, Illinois 62305
(c)	Citizenship: New Jersey
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 55977T208
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 445,300
(b)	Percent of class: 6.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 253,602
	(ii) Shared power to vote or to direct the vote: 191,698
	(iii) Sole power to dispose or to direct the disposition of: 366,204
	(iv) Shared power to dispose or to direct the disposition of: 79,096
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Magyar Bank Employee Stock Ownership Plan Trust

Signature:	/s/ Craig Baker
Name/Title:	Craig Baker, Vice President, TI-Trust, Inc., Trustee
Date:	02/04/2026

FAQ

What stake in Magyar Bancorp (MGYR) does the ESOP trust report?

The Magyar Bank Employee Stock Ownership Plan Trust reports beneficial ownership of 445,300 shares of Magyar Bancorp common stock, representing 6.9% of the outstanding class as of 12/31/2025. This reflects the employees’ indirect ownership interest via the ESOP structure.

Who is the reporting person in this Magyar Bancorp (MGYR) Schedule 13G/A?

The reporting person is the Magyar Bank Employee Stock Ownership Plan Trust, with TI-Trust, Inc. serving as trustee. The trust is organized in New Jersey and holds Magyar Bancorp common stock on behalf of plan participants.

How much voting power does the ESOP trust have over Magyar Bancorp (MGYR) shares?

The ESOP trust reports sole voting power over 253,602 shares and shared voting power over 191,698 shares of Magyar Bancorp common stock. Together, these positions reflect how voting authority is allocated between the trustee and other parties under the plan.

What dispositive power does the ESOP trust report for Magyar Bancorp (MGYR) stock?

The trust reports sole dispositive power over 366,204 shares and shared dispositive power over 79,096 shares. Dispositive power describes who can decide if and when the shares are sold or otherwise transferred on behalf of the plan.

Is the ESOP trust trying to influence control of Magyar Bancorp (MGYR)?

The trust certifies the shares were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Magyar Bancorp. It also states they are not part of any control-related transaction.

What type of entity is filing the beneficial ownership report for MGYR?

The filer is an employee benefit plan trust, specifically the Magyar Bank Employee Stock Ownership Plan Trust. Such plans hold company stock on behalf of employees, giving workers an indirect equity stake while centralizing legal ownership and reporting at the trust level.