Form 4: Bogota Financial Director Boosts Stake

Bogota Financial Corp. Director John J. Masterson increased his direct ownership in the company by purchasing 1,600 shares of common stock in early December 2025.

Summary

• John J. Masterson, a Director of Bogota Financial Corp. (BSBK), acquired a total of 1,600 shares of common stock through two separate transactions.
• On December 5, 2025, Masterson purchased 1,000 shares at a price of $8.40 per share.
• On December 8, 2025, he purchased an additional 600 shares at a price of $8.22 per share.
• Following these transactions, Masterson directly beneficially owns 182,495 shares of common stock.
• His holdings also include 32,235 stock options with an exercise price of $10.45, which vest at a rate of 20% per year commencing September 2, 2022, and expire on September 2, 2031.
• The reported beneficial ownership of common stock includes restricted stock that vests at 20% per year starting September 2, 2022.

Sentiment

Score: 8

Explanation: The insider buying by a director is a strong positive signal, indicating confidence in the company's valuation and future. This type of transaction is generally well-received by the market.

Positives

• A company director, John J. Masterson, increased his direct ownership in Bogota Financial Corp. by purchasing 1,600 shares of common stock.
• Insider buying can signal management's confidence in the company's future prospects and valuation.
• The purchases were made at prices of $8.40 and $8.22 per share, indicating a belief that the stock is undervalued or has growth potential at these levels.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Director John J. Masterson, a related party, purchased 1,600 shares of Bogota Financial Corp. common stock.

Stakeholder Impact

• Shareholders: May view the insider buying as a positive indicator of management confidence, potentially leading to increased investor interest and a positive impact on share price.
• Employees: No direct impact mentioned, but a positive market sentiment could indirectly boost morale.

Key Dates

Recommendation

The insider buying by a director, John J. Masterson, at current market prices suggests a strong belief in the company's intrinsic value and future growth potential. Insider purchases are often interpreted as a bullish signal, indicating that those with the most intimate knowledge of the company see it as an attractive investment. This action, especially from a director, warrants a 'buy' recommendation for investors looking for companies with strong internal conviction.

Keywords

Bogota Financial Corp., BSBK, Insider Buying, Director Stock Purchase, Form 4, Equity Acquisition, John J. Masterson, Common Stock, Financial Services