Waterstone Financial (WSBF) exec sells 8,157 shares after option exercise
Rhea-AI Filing Summary
Waterstone Financial, Inc. executive Ryan J. Gordon, EVP/Chief Credit Officer, exercised 10,000 stock options for Common Stock at an exercise price of $17.20 per share on August 13, 2026. The option position reported in this filing was reduced to 0 following the exercise.
On the same date, he acquired 10,000 Common Shares through the option exercise and sold an aggregate of 8,157 Common Shares in open-market or private transactions at prices between $21.10 and $21.145 per share. Following these transactions, he reported indirect holdings of 27,398 Common Shares by ESOP and 15,191 Common Shares by Trust, with related activity noted as not required to be reported under Section 16 of the Exchange Act.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Gordon Ryan J
Role
EVP/Chief Credit Officer
Sold
8,157 shs ($172K)
Approx. gross sale proceeds
$172K
Approx. exercise cost
$172K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 10,000 | $17.20 | $172K |
| Exercise | Common Stock | 10,000 | $17.20 | $172K |
| Sale | Common Stock | 620 | $21.10 | $13K |
| Sale | Common Stock | 1,300 | $21.11 | $27K |
| Sale | Common Stock | 6,237 | $21.145 | $132K |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Stock Option — 0 shares (Direct);
Common Stock — 11,611 shares (Direct);
Common Stock — 27,398 shares (Indirect, By ESOP);
Common Stock — 15,191 shares (Indirect, By Trust)
Footnotes (2)
- F1. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
- F2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Key Figures
Options Exercised: 10,000 shares
Exercise Price: $17.20 per share
Shares Sold: 8,157 shares
+4 more
7 metrics
Options Exercised
10,000 shares
Stock Option for Common Stock exercised on 2026-08-13 at $17.20 per share
Exercise Price
$17.20 per share
Conversion or exercise price of Stock Option for 10,000 underlying Common Shares
Shares Sold
8,157 shares
Total WSBF Common Shares sold in three transactions on 2026-08-13
Sale Prices
$21.10–$21.145 per share
Per-share prices for the 620, 1,300, and 6,237 share sales on 2026-08-13
Indirect ESOP Holdings
27,398 shares
Total WSBF Common Shares held indirectly "By ESOP" following transactions
Indirect Trust Holdings
15,191 shares
Total WSBF Common Shares held indirectly "By Trust" following transactions
Net Buy/Sell Shares
-8,157 shares
Net share change across buy/sell transactions reported for this Form 4
Key Terms
Stock Option, derivative security, Section 16 of the Securities Exchange Act of 1934, ESOP, +1 more
5 terms
Stock Option financial
"security_title: "Stock Option" with underlying Common Stock"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Section 16 of the Securities Exchange Act of 1934 regulatory
"Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
ESOP financial
"nature_of_ownership: "By ESOP" for 27,398 Common Stock"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Rule 10b5-1 regulatory
"aff_10b5_one field indicates the Rule 10b5-1 checkbox is false"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What did WSBF executive Ryan J. Gordon report in this Form 4?
Ryan J. Gordon reported exercising 10,000 stock options for Waterstone Financial (WSBF) Common Stock at $17.20 per share and selling 8,157 shares of Common Stock in multiple transactions on August 13, 2026.
How many WSBF stock options did Ryan J. Gordon exercise and at what price?
He exercised 10,000 stock options for Waterstone Financial (WSBF) at an exercise price of $17.20 per share. After this transaction, the reported option position associated with this grant was reduced to zero shares remaining.
Was a Rule 10b5-1 trading plan used for Ryan J. Gordon’s WSBF transactions?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and there are no footnotes describing a trading plan, so these transactions are not reported as made pursuant to a Rule 10b5-1 trading arrangement.
What type of derivative security did Ryan J. Gordon hold in WSBF and what is its status now?
He held a Stock Option for 10,000 WSBF Common Shares with a $17.20 exercise price, exercisable from January 24, 2019 to January 24, 2028. This option was fully exercised, leaving 0 shares reported remaining.
AI-generated analysis. How Rhea-AI works. Not financial advice.
