Form 4: Bogota Financial Corp. Director Masterson Increases Stake with Recent Stock Purchases

Director John J. Masterson of Bogota Financial Corp. [BSBK] has increased his holdings through open market purchases of common stock.

Summary

• On August 2, 2024, Director John J. Masterson purchased 2,511 shares of Bogota Financial Corp. common stock at a price of $7.26 per share.
• Following this transaction, Masterson directly owned 176,495 shares of common stock, including restricted stock.
• On August 5, 2024, Masterson further increased his holdings by purchasing 1,800 shares at $7.10 per share, bringing his total direct ownership to 178,295 shares.
• Masterson also holds options to purchase 32,235 shares of common stock with an exercise price of $10.45, which vest at a rate of 20% per year commencing on September 2, 2022.

Sentiment

Score: 7

Explanation: Insider buying is generally viewed positively, suggesting confidence in the company's future. However, the scale of the purchases is relatively small.

Positives

• The director's open market purchases signal confidence in the company's prospects.

Industry Context

Insider buying is often seen as a positive sign, suggesting that those with the most knowledge of the company believe its stock is undervalued. It's a common signal monitored by investors.

Comparison to Industry Standards

• Comparing insider trading activity to peers like Kearny Financial or Provident Financial Services could provide context on whether this is a typical pattern or a more significant event.
• Benchmarking the vesting schedules of the restricted stock and options against industry norms for executive compensation packages would also be relevant.

Stakeholder Impact

• Shareholders may view the director's stock purchases as a positive signal.
• The purchases could potentially increase investor confidence in the company.

Key Dates