Kevin M. Sanvidge - 18 Jul 2023 Form 5 Insider Report for LAKE SHORE BANCORP, INC. (LSBK)

Role: Director, Chairman of the Board
Signature: /s/ Taylor M. Gilden, Pursuant to Power of Attorney
Issuer symbol: LSBK
Transactions as of: 18 Jul 2023
Net transactions value: +$2,154
Form type: 5
Filing time: 14 Feb 2024, 16:41:51 UTC
Previous filing: 19 Jan 2023
Next filing: 02 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSBK	Common Stock	Purchase	$2,154	+200	+28%	$10.77	905	18 Jul 2023	As Custodian for Grandchildren
holding	LSBK	Common Stock						14,346	18 Jul 2023	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	LSBK	Stock Option (Right to Buy)						10,749	18 Jul 2023	Common Stock	10,749	$14.38	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	387 Shares of restricted stock vest on January 17, 2024.
F2	1,046 Shares of restricted stock vest on January 18, 2024.
F3	Stock options vest at a rate of 20% per year commencing on October 21, 2017