Waterstone CFO sells 10K shares after option exercise
Waterstone Financial, Inc. executive Mark Raymond Gerke, EVP and Chief Financial Officer, reported an option exercise and related share sale in company stock.
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Form Type
4
Rhea-AI Filing Summary
Waterstone Financial, Inc. executive Mark Raymond Gerke, EVP and Chief Financial Officer, reported an option exercise and related share sale in company stock. He exercised options for 10,000 shares of Common Stock at $14.98 per share and sold 10,000 shares in an open-market transaction at a weighted average price of $18.3435 per share, with individual sale prices ranging from $18.25 to $18.50. After these transactions, he holds 30,034 shares directly, plus 1,881 shares held through a 401(k) and 42,545 shares held through an ESOP, indicating he retains a sizable ongoing stake.
Insider Trade Summary
Exercise and Sale: 10,000 shares ($34K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
Gerke Mark Raymond
Role
EVP/Chief Financial Officer
Sold
10,000 shs ($183K)
Approx. gross sale proceeds
$183K
Approx. exercise cost
$150K
Approx. pre-tax spread
$34K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $14.98 | $150K |
| Sale | Common Stock | 10,000 | $18.3435 | $183K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option — 0 contracts (Direct);
Common Stock — 30,034 shares (Direct);
Common Stock — 42,545 shares (Indirect, By: ESOP);
Common Stock — 1,881 shares (Indirect, By 401k)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.25 to $18.50, 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."
- F2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Key Figures
Shares sold: 10,000 shares
Sale price (weighted average): $18.3435 per share
Options exercised: 10,000 shares
+4 more
7 metrics
Shares sold
10,000 shares
Open-market sale of Common Stock on transaction date
Sale price (weighted average)
$18.3435 per share
Weighted average sale price; trades ranged $18.25–$18.50
Options exercised
10,000 shares
Common Stock acquired via option exercise
Option exercise price
$14.98 per share
Conversion or exercise price for stock options
Direct holdings after transaction
30,034 shares
Common Stock held directly following reported transactions
401(k) indirect holdings
1,881 shares
Common Stock held indirectly via 401(k) plan
ESOP indirect holdings
42,545 shares
Common Stock held indirectly via ESOP
Key Terms
open-market sale, derivative exercise/conversion, weighted average price, employee stock ownership plan, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
employee stock ownership plan financial
"nature_of_ownership": "By: ESOP""
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
indirect ownership financial
"ownership_type": "indirect""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WSBF CFO Mark Raymond Gerke report?
Mark Raymond Gerke reported an option exercise and related sale. He exercised options for 10,000 Waterstone Financial shares at $14.98 each, then sold 10,000 shares in an open-market transaction at a weighted average price of $18.3435 per share.
What stock options did the WSBF CFO exercise in this Form 4?
The CFO exercised stock options covering 10,000 shares of Waterstone Financial common stock. The options had a conversion or exercise price of $14.98 per share, and the related derivative position in this option grant shows zero remaining derivative shares after the exercise.
Are any of the WSBF CFO’s reported holdings indirect or plan-based?
Yes. In addition to direct ownership, the CFO reports indirect holdings. These include 1,881 Waterstone Financial shares held through a 401(k) and 42,545 shares held through an employee stock ownership plan, both recorded as indirect beneficial ownership in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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