STOCK TITAN

SNNF President & CEO reports 5,000-share restricted stock grant

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

Rhea-AI Filing Summary

Seneca Bancorp, Inc. (SNNF) reported an insider equity award for its President and CEO, who is also a director. On 11/21/2025, the executive acquired 5,000 shares of common stock at a price of $0, indicating a stock grant rather than an open-market purchase. Following this transaction, the executive directly holds 10,544 shares of common stock, with additional indirect holdings of 1,673 shares through an ESOP, 13,444 shares through an IRA, and 8,101 shares through a 401(k).

The filing notes that these 5,000 shares are restricted stock that will vest in installments of 20% per year, starting on November 21, 2026. The executive also holds several stock option awards on Seneca Bancorp common stock, including options for 4,842 shares at $9.50 expiring on August 16, 2029, 1,695 shares at $6.73 expiring on May 19, 2030, and 4,842 shares at $10.07 expiring on June 18, 2031, all held directly.

Positive

  • None.

Negative

  • None.
Insider Vitale Joseph G
Role President and CEO
Type Security Shares Price Value
Grant/Award Common Stock 5,000 $0.00 --
holding Stock Options -- -- --
holding Stock Options -- -- --
holding Stock Options -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 10,544 shares (Direct); Stock Options — 4,842 shares (Direct); Common Stock — 1,673 shares (Indirect, By ESOP)
Footnotes (1)
  1. [object Object]
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*
Vitale Joseph G

(Last) (First) (Middle)
35 OSWEGO STREET

(Street)
BALDWINSVILLE NY 13027

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Seneca Bancorp, Inc. [ SNNF ]
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)
11/21/2025
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 11/21/2025 A 5,000(1) A $0 10,544 D
Common Stock 1,673 I By ESOP
Common Stock 13,444 I By IRA
Common Stock 8,101 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 $9.5 08/16/2020 08/16/2029 Common Stock 4,842 4,842 D
Stock Options $6.73 05/19/2021 05/19/2030 Common Stock 1,695 1,695 D
Stock Options $10.07 06/18/2022 06/18/2031 Common Stock 4,842 4,842 D
Explanation of Responses:
1. Includes shares of restricted stock which vest at a rate of 20% per year commencing on November 21, 2026.
/s/ Benjamin M. Azoff, pursuant to Power of Attorney 11/25/2025
** 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 Seneca Bancorp (SNNF) report on this Form 4?

The Form 4 reports that the President and CEO of Seneca Bancorp, Inc. (SNNF), who is also a director, acquired 5,000 shares of common stock on 11/21/2025 at a price of $0, reflecting a stock grant.

Is the 5,000-share award for SNNF restricted stock and how does it vest?

Yes. The 5,000 shares are restricted stock that will vest at a rate of 20% per year, starting on November 21, 2026, until fully vested.

How many Seneca Bancorp (SNNF) shares does the executive own directly after the transaction?

After the reported transaction, the executive directly owns 10,544 shares of Seneca Bancorp common stock.

What indirect ownership in SNNF shares does the reporting person have?

The executive has indirect ownership of 1,673 shares through an ESOP, 13,444 shares through an IRA, and 8,101 shares through a 401(k), all in Seneca Bancorp common stock.

What stock options on Seneca Bancorp (SNNF) does the executive hold?

The executive holds stock options on Seneca Bancorp common stock, including 4,842 shares at an exercise price of $9.50 expiring on 08/16/2029, 1,695 shares at $6.73 expiring on 05/19/2030, and 4,842 shares at $10.07 expiring on 06/18/2031, all held directly.

What is the reporting person’s role at Seneca Bancorp (SNNF)?

The reporting person is both a Director and an Officer of Seneca Bancorp, serving as its President and CEO.