STOCK TITAN

NorthEast Community Bancorp (NECB) director sells 3,566 shares, retains options

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

NorthEast Community Bancorp director Charles Michael Cirillo reported an open-market sale of 3,566 shares of Common Stock at $22.94 per share on March 12, 2026. After this transaction, he holds 5,805 shares directly, plus additional indirect holdings through an IRA and stock awards.

He also retains stock options covering 28,961 shares of Common Stock at an exercise price of $12.40 per share, expiring on September 30, 2032. These options and stock awards vest in approximately equal annual installments beginning September 30, 2023, under the company’s 2022 Equity Incentive Plan.

Positive

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Insights

Director executes modest share sale while retaining sizable options and indirect holdings.

Director Charles Michael Cirillo sold 3,566 shares of NorthEast Community Bancorp Common Stock at $22.94 per share in an open-market transaction. Following the sale, he still owns 5,805 shares directly, along with indirect positions held via an IRA and stock awards.

He also maintains stock options over 28,961 shares at an exercise price of $12.40, expiring on September 30, 2032. Footnotes indicate these options and related stock awards vest in roughly equal annual installments starting September 30, 2023, suggesting the equity position is largely compensation-driven and remains significant after this sale.

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*
Cirillo Charles Michael

(Last) (First) (Middle)
325 HAMILTON AVENUE

(Street)
WHITE PLAINS NY 10601

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NorthEast Community Bancorp, Inc./MD/ [ NECB ]
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 S 3,566 D $22.94 5,805 D
Common Stock 10,000 I By IRA
Common Stock 5,792 I By Stock Award(1)
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 Option (right to buy) $12.4 09/30/2023(2) 09/30/2032 Common Stock 28,961 28,961 D
Explanation of Responses:
1. Stock Awards granted pursuant to the NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan vest in five equal annual installments commencing on September 30, 2023.
2. Stock Options granted pursuant to the NorthEast Community Bancorp, Inc. 2022 Equity Incentive Plan vest in five approximately equal annual installments commencing on September 30, 2023.
/s/ Charles M. Cirillo 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 NECB director Charles Michael Cirillo report?

Director Charles Michael Cirillo reported an open-market sale of 3,566 shares of NorthEast Community Bancorp Common Stock at $22.94 per share. The transaction occurred on March 12, 2026, and was categorized as a non-derivative sale.

How many NECB shares does Charles Michael Cirillo hold after the reported sale?

After the sale, Charles Michael Cirillo directly holds 5,805 shares of NorthEast Community Bancorp Common Stock. He also has indirect holdings through an IRA with 10,000 shares and stock awards totaling 5,792 shares, in addition to option positions.

What stock option position does Charles Michael Cirillo retain in NECB?

Cirillo retains stock options over 28,961 shares of NorthEast Community Bancorp Common Stock at an exercise price of $12.40 per share. These options expire on September 30, 2032 and vest in approximately equal annual installments beginning September 30, 2023.

Are Charles Michael Cirillo’s NECB holdings only direct shares?

No. In addition to 5,805 directly held shares, Cirillo has indirect ownership. His IRA holds 10,000 shares, and he holds 5,792 shares via stock awards. These positions complement his remaining stock options granted under the 2022 Equity Incentive Plan.

How are NECB stock awards and options for Charles Michael Cirillo structured?

Stock awards and options were granted under the 2022 Equity Incentive Plan. Both vest in five roughly equal annual installments starting on September 30, 2023, aligning his compensation with multi-year performance and providing a staggered schedule for equity becoming fully vested.

Northeast Cmnty Bancorp Inc

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308.92M
12.18M
Banks - Regional
Savings Institutions, Not Federally Chartered
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United States
WHITE PLAINS