Form 4: Bogota Financial Director Boosts Stake with Share Purchase

Sentiment:

Insider Transaction Report 16 December 2025 4:06 PM

Bogota Financial Corp. Director John J. Masterson acquired 2,200 shares of common stock at $8.21 per share, increasing his direct beneficial ownership.

Better than expectedA director's purchase of company stock often signals confidence in the company's future prospects and valuation.The acquisition increases the director's personal stake, aligning their interests more closely with shareholders.

Summary

Director John J. Masterson purchased 2,200 shares of Bogota Financial Corp. common stock.
The transaction occurred on December 12, 2025, at a price of $8.21 per share.
Following this acquisition, Masterson directly beneficially owns 184,695 shares of common stock.
The transaction was made pursuant to a Rule 10b5-1(c) plan.
Masterson also holds 32,235 stock options with an exercise price of $10.45, which began vesting on September 2, 2022, and expire on September 2, 2031.
His beneficial ownership includes restricted stock that vests at a rate of 20% per year commencing on September 2, 2022.

Sentiment

Score: 7

Explanation: The director's purchase of additional shares indicates confidence in the company's future performance and valuation, which is generally a positive signal for investors.

Positives

Director John J. Masterson increased his direct beneficial ownership in Bogota Financial Corp. by acquiring 2,200 shares.
The purchase at $8.21 per share demonstrates confidence in the company's valuation by an insider.

Future Outlook

Industry Context

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Insider Trading Plan	Director John J. Masterson's common stock acquisition was made pursuant to a Rule 10b5-1(c) plan.	12/12/2025	This plan allows insiders to set up a predetermined schedule for buying or selling shares to avoid accusations of insider trading, demonstrating adherence to regulatory best practices and transparency.

Related Party Transactions

Director John J. Masterson acquired 2,200 shares of common stock from Bogota Financial Corp. at $8.21 per share.

Stakeholder Impact

Shareholders: The director's purchase may be viewed positively, signaling confidence and potentially influencing investor sentiment.

Key Dates

Date	Description
09/02/2022	Commencement of vesting for restricted stock and stock options.
12/12/2025	Date of common stock acquisition transaction by Director John J. Masterson.
12/16/2025	Date the Form 4 was signed.
09/02/2031	Expiration date for stock options.

Recommendation

buy

The director's decision to increase his stake in the company by purchasing additional shares at market price suggests a belief in the company's intrinsic value and future growth prospects. This insider confidence can be a positive indicator for potential investors.

Keywords

Bogota Financial Corp, BSBK, insider trading, director purchase, common stock, stock options, Form 4

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