Seneca Bancorp Form 4 shows new 4,800 share option grant to director

Rhea-AI Filing Summary

Seneca Bancorp, Inc. (SNNF) reported an insider equity award on a Form 4. A director received stock options for 4,800 shares of common stock at an exercise price of $9.78 per share on 11/21/2025. These options vest in equal installments of 20% per year starting on November 21, 2026, and are exercisable through November 21, 2035. Following this grant, the director beneficially owns 4,387 shares of common stock and 4,800 stock options, all held directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Duteau Michael

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Options	4,800	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Options — 4,800 shares (Direct); Common Stock — 4,387 shares (Direct)

Footnotes (1)

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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^*

Duteau Michael

(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
	Officer (give title below)		Other (specify below)

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								4,387	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	$9.78	11/21/2025		A		4,800(1)		11/21/2026	11/21/2035	Common Stock	4,800(1)	$0	4,800(1)	D

Explanation of Responses:

1. Stock options 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 filing reports that a director received 4,800 stock options for Seneca Bancorp, Inc. common stock on 11/21/2025 at an exercise price of $9.78 per share.

What is the exercise price and term of the new Seneca Bancorp (SNNF) stock options?

The stock options have an exercise price of $9.78 per share, become exercisable starting 11/21/2026, and expire on 11/21/2035.

How do the Seneca Bancorp (SNNF) options granted to the director vest?

The options vest at a rate of 20% per year, beginning on November 21, 2026, until fully vested.

How many Seneca Bancorp (SNNF) shares does the reporting person beneficially own after this transaction?

After the reported transaction, the director beneficially owns 4,387 shares of common stock and 4,800 stock options, all held directly.

What is the reporting person’s relationship to Seneca Bancorp (SNNF)?

The reporting person is identified as a Director of Seneca Bancorp, Inc. on the Form 4.

Is the Seneca Bancorp (SNNF) Form 4 filed by one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person, not a group.