SCHEDULE: EWSB Bancorp Stakeholders Report 9.9% Ownership

Charles D. Schmalz and Dana Schmalz report beneficial ownership of 100,394 shares, representing 9.9% of EWSB Bancorp, Inc. common stock, acquired through personal funds and a recent subscription offering.

Summary

• Charles D. Schmalz and Dana Schmalz have filed a Schedule 13D, reporting their beneficial ownership of 100,394 shares of EWSB Bancorp, Inc. common stock.
• This holding represents 9.9% of the outstanding common stock.
• The shares were acquired using personal funds.
• On June 29, 2026, Charles D. Schmalz purchased 8,500 shares at $10 per share in a subscription offering.
• On the same date, Dana Schmalz purchased 59,141 shares at $10 per share in the same subscription offering.
• Charles D. Schmalz is the President, CEO, and a Director of East Wisconsin Savings Bank, a subsidiary of EWSB Bancorp, Inc.
• Dana Schmalz is retired.
• The reporting persons state that the shares are held for investment purposes and may acquire or dispose of additional securities in the future.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating insider confidence and investment, but without specific operational or financial performance data.

Positives

• Significant beneficial ownership of 9.9% by key individuals associated with the company's operations.
• Acquisition of shares through a subscription offering indicates potential confidence in the company's future.
• The reporting persons intend to hold shares for investment purposes, suggesting a long-term perspective.

Negatives

• The filing does not contain any negative financial or operational information.
• No indication of any adverse legal or regulatory issues.

Risks

• Potential for future stock sales by the reporting persons could impact share price.
• Changes in investment strategy could lead to further acquisitions or dispositions of shares.

Future Outlook

The reporting persons may, from time to time, acquire additional securities of the Issuer using personal funds or dispose of securities. They may change their purpose or formulate different plans or proposals with respect to the securities at any time.

Management Comments

• The shares covered by this Schedule 13D are being held for investment purposes.
• Mr. Schmalz and Mrs. Schmalz may, from time to time, acquire additional securities of the Issuer using personal funds through a broker and/or privately negotiated transactions or dispose of securities.
• Except as described above, neither Mr. Schmalz (except in his capacity as an officer and Director of the Issuer and of East Wisconsin Savings Bank, the wholly-owned subsidiary of the Issuer) nor Mrs. Schmalz have any present plans or proposals that relate to or would result in any of the matters listed in Items 4(a)-(j) of Schedule 13D, although, depending on the factors discussed herein, the Reporting Person may change his purpose or formulate different plans or proposals with respect thereto at any time.

Industry Context

StockSavvy.ai notes that Schedule 13D filings typically indicate a significant stake or a change in control interest. This filing by key insiders suggests a continued commitment to EWSB Bancorp, Inc., especially given the recent subscription offering participation.

Comparison to Industry Standards

• No specific industry benchmarks or comparable companies are mentioned in this filing.
• The 9.9% ownership threshold is a common level for significant individual or group stakes in publicly traded companies, often preceding further strategic actions.

Stakeholder Impact

• Shareholders: The 9.9% stake held by insiders may signal stability or potential future strategic moves, influencing investor sentiment.
• Management: Charles D. Schmalz's continued involvement as CEO and Director, alongside this investment, reinforces his position.
• Creditors: No direct impact indicated, as the filing focuses on equity ownership.

Next Steps

• Reporting persons may acquire or dispose of additional securities.
• Reporting persons may change their investment purpose or formulate new plans.

Key Dates

Keywords

EWSB Bancorp, Schedule 13D, Beneficial Ownership, Investment, Subscription Offering, Charles D. Schmalz, Dana Schmalz, East Wisconsin Savings Bank