Kevin M. Sanvidge - 01 Nov 2024 Form 4 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: 01 Nov 2024
Net transactions value: +$59,381
Form type: 4
Filing time: 05 Nov 2024, 16:37:10 UTC
Previous filing: 07 Aug 2024
Next filing: 14 Mar 2025
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	$43,851	+3,230	+18%	$13.58	21,366	01 Nov 2024	Direct
transaction	LSBK	Common Stock	Purchase	$15,531	+1,149	+5.4%	$13.52	22,515	04 Nov 2024	Direct
holding	LSBK	Common Stock						1,305	01 Nov 2024	As Custodian for Grandchildren

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)						1,897	01 Nov 2024	Common Stock	1,897	$10.69	Direct	F1
holding	LSBK	Stock Option (Right to Buy)						10,749	01 Nov 2024	Common Stock	10,749	$14.38	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Stock options vest at a rate of 20% per year commencing on April 23, 2025.
F2	Options are fully vested.