BlackRock holds 7.1% of Waterstone Financial (WSBF) common stock

Rhea-AI Filing Summary

BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 1,306,996 shares of Waterstone Financial, Inc. common stock, representing 7.1% of the class as of 12/31/2025.

BlackRock reports sole voting power over 1,291,009 shares and sole dispositive power over 1,306,996 shares, with no shared voting or dispositive authority. The filing describes BlackRock as a holding company and states the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Waterstone Financial. Various underlying persons have rights to dividends or sale proceeds, but no single person has an interest in more than 5% of the outstanding common shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

WATERSTONE FINANCIAL, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

94188P101

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 94188P101

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,291,009.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,306,996.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,306,996.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.1 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: WATERSTONE FINANCIAL, INC.
(b)	Address of issuer's principal executive offices: 11200 WEST PLANK COURT WAUWATOSA WI 53226
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 94188P101
Item 4.	Ownership
(a)	Amount beneficially owned: 1306996
(b)	Percent of class: 7.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1291009
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1306996
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of WATERSTONE FINANCIAL, INC.. No one person's interest in the common stock of WATERSTONE FINANCIAL, INC. is more than five percent of the total outstanding common shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	01/21/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7

FAQ

What percentage of Waterstone Financial (WSBF) does BlackRock own according to this Schedule 13G/A?

BlackRock, Inc. reports beneficial ownership of 7.1% of Waterstone Financial, Inc. common stock, corresponding to 1,306,996 shares as of 12/31/2025.

How many Waterstone Financial (WSBF) shares does BlackRock report voting and dispositive power over?

BlackRock reports sole voting power over 1,291,009 shares and sole dispositive power over 1,306,996 shares of Waterstone Financial common stock, with no shared voting or dispositive power.

Is BlackRock’s stake in Waterstone Financial (WSBF) reported as a passive investment?

Yes. BlackRock certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of, or with the effect of, changing or influencing the control of Waterstone Financial.

Who ultimately benefits from BlackRock’s holdings in Waterstone Financial (WSBF)?

The filing states that various persons have the right to receive dividends or sale proceeds from the Waterstone Financial shares held, and that no one person’s interest exceeds 5% of the total outstanding common shares.

What type of reporting person is BlackRock in this Waterstone Financial (WSBF) Schedule 13G/A?

BlackRock is classified as an HC, meaning a holding company, and the filing aggregates securities beneficially owned or deemed owned by specified BlackRock business units.

What is the date of the event triggering BlackRock’s amended Schedule 13G for Waterstone Financial (WSBF)?

The date of the event requiring this amended Schedule 13G is listed as 12/31/2025.