Kevin M. Sanvidge - 17 Jan 2023 Form 4 Insider Report for LAKE SHORE BANCORP, INC. (LSBK)

Role: Director, Chairman of the Board
Signature: /s/ Rachel A. Foley, pursuant to power of attorney
Issuer symbol: LSBK
Transactions as of: 17 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 19 Jan 2023, 17:05:22 UTC
Previous filing: 18 Mar 2022
Next filing: 14 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSBK	Common Stock	Award	$0	+387	+3.2%	$0.000000	12,300	17 Jan 2023	Direct	F1
transaction	LSBK	Common Stock	Award	$0	+1,046	+8.5%	$0.000000	13,346	18 Jan 2023	Direct	F2
holding	LSBK	Common Stock						705	17 Jan 2023	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 Options (Right to Buy)						10,749	17 Jan 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	Shares of restricted stock vest on January 17, 2024.
F2	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.