Jeffrey M. Werdein - 23 Apr 2025 Form 4 Insider Report for LAKE SHORE BANCORP, INC. (LSBK)

Role
EVP - Commercial Division
Signature
/s/ Taylor M. Gilden, Pursuant to Power of Attorney
Issuer symbol
LSBK
Transactions as of
23 Apr 2025
Net transactions value
-$3,225
Form type
4
Filing time
25 Apr 2025, 16:34:06 UTC
Previous filing
14 Mar 2025
Next filing
18 Jul 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 Tax liability $3,225 -223 -0.94% $14.46 23,545 23 Apr 2025 Direct F1, F2, F3
holding LSBK Common Stock 4,787 23 Apr 2025 By ESOP F4

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) 17,073 23 Apr 2025 Common Stock 17,073 $14.38 Direct F5
* 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 (restricted stock) based on a market price of $14.46 per share.
F2 Includes 3,014 shares of restricted stock that vest at a rate of 25% per year commencing on March 12, 2026.
F3 Includes 1,901 remaining shares of restricted stock that were granted on April 23, 2024 and vest in four equal annual installments beginning on the first anniversary of the grant. 633 shares vested on April 23, 2025.
F4 These shares were acquired pursuant to an Employee Stock Ownership Plan Allocation.
F5 Options are fully vested.