Robert Cortellucci V - 21 Nov 2023 Form 4 Insider Report for LAKE SHORE BANCORP, INC. (LSBK)

Role
Chief Technology Officer
Signature
/s/ Rachel A. Foley, pursuant to power of attorney
Issuer symbol
LSBK
Transactions as of
21 Nov 2023
Net transactions value
-$827
Form type
4
Filing time
24 Nov 2023, 12:09:12 UTC
Previous filing
05 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSBK Common Stock Tax liability $827 -77 -7.7% $10.74 923 21 Nov 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person elected to pay for a tax liability by withholding securities incident to the vesting of a security (i.e., restricted stock) based on a market price of $10.74.
F2 Includes 800 shares of restricted stock which vest 20% per year, with final vesting on November 21, 2027.