Waterstone Financial insider reports sales at $15.15–$15.35 range

Rhea-AI Filing Summary

Waterstone Financial (WSBF) director reports open‑market sales. On 10/27/2025, a director sold 79,872 shares of common stock at a weighted average price of $15.16 and separately sold 1,541 shares at a weighted average price of $15.16. The filing notes these were executed in multiple trades within a price range of $15.15 to $15.35.

Following the transactions, the filing shows 0 shares beneficially owned directly and 0 shares beneficially owned indirectly by trust. The filer undertakes to provide full trade‑level detail within the stated price ranges upon request.

Insider Trade Summary

Net Seller: 81,413 shares ($1,234,221)

Net Sell 2 txns

Insider Hansen Michael L

Role Director

Sold 81,413 shs ($1.23M)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,541	$15.16	$23K
Sale	Common Stock	79,872	$15.16	$1.21M

Holdings After Transaction: Common Stock — 0 shares (Indirect, By Trust); Common Stock — 0 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^*

Hansen Michael L

(Last) (First) (Middle)

11200 WEST PLANK CT.

(Street)

WAUWATOSA WI 53226

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Waterstone Financial, Inc. [ WSBF ]

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)
10/27/2025

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	10/27/2025		S		1,541	D	$15.16(1)	0	I	By Trust
Common Stock	10/27/2025		S		79,872	D	$15.16(1)	0	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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.15 to $15.35, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

	/s/ William F. Bruss, Attorney-in-fact	10/28/2025
	** 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 activity did WSBF report?

A WSBF director sold common stock in two transactions on 10/27/2025, both reported on a Form 4.

How many WSBF shares were sold and at what prices?

The director sold 79,872 shares and 1,541 shares, each at a weighted average price of $15.16 across multiple trades within $15.15–$15.35.

What was the date of the WSBF insider transactions?

The transactions occurred on 10/27/2025.

How many WSBF shares does the reporting person own after these sales?

The filing shows 0 shares directly and 0 shares indirectly by trust beneficially owned following the reported transactions.

What is the reporting person’s relationship to WSBF?

The reporting person is listed as a Director of Waterstone Financial, Inc.

Were the WSBF sales part of multiple trades?

Yes. The filing states the prices are weighted averages from multiple trades within the $15.15–$15.35 range.

Can investors get detailed trade prices for the WSBF sales?

Yes. The filer undertakes to provide full trade-level detail within the stated ranges upon request.