4/A: Lake Shore Bancorp Director Acquires Shares and Stock Options

Director Sharon E. Brautigam acquired 731 shares of common stock and 1,897 stock options in Lake Shore Bancorp, Inc.

Summary

• On April 23, 2024, Sharon E. Brautigam, a director of Lake Shore Bancorp, Inc. (LSBK), acquired 731 shares of common stock at $0.00 and 1,897 stock options with an exercise price of $10.69.
• The shares were acquired directly, while an additional 350 shares are held indirectly by spouse.
• Following the transaction, Brautigam directly owns 15,927 shares of common stock and 1,897 stock options.
• The stock options vest at a rate of 20% per year commencing on April 23, 2025.
• The shares of restricted stock vest on April 23, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects standard insider trading activity, which can be seen as a positive sign of confidence but doesn't provide enough information to strongly influence sentiment.

Positives

• The director's acquisition of shares and options could be interpreted as a positive signal about their confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's investment in the company.

Key Dates