Form 4: Marathon Bancorp CEO Increases Stake with $9.99 Share Purchase

Marathon Bancorp, Inc. President and CEO, Nicholas W. Zillges, reported the purchase of 500 shares of common stock at $9.99 per share, increasing his direct and indirect beneficial ownership.

Summary

• Nicholas W. Zillges, President and CEO of Marathon Bancorp, Inc. (MBBC), purchased 500 shares of common stock.
• The transaction occurred on June 13, 2025, at a price of $9.99 per share.
• Following this transaction, Mr. Zillges directly owns 33,572 shares of common stock, which includes restricted stock vesting at 20% per year starting June 28, 2023.
• His indirect beneficial ownership includes 47,780 shares via 401(k), 604 shares via IRA, and 2,723 shares via ESOP.
• He also holds 29,994 stock options with an exercise price of $8.1294, vesting at 20% per year from June 28, 2023, and expiring on June 28, 2032.
• Additionally, he holds 7,498 stock options with an exercise price of $6.4831, vesting at 20% per year from May 16, 2024, and expiring on May 16, 2033.

Sentiment

Score: 8

Explanation: The purchase of shares by the CEO is a strong positive signal, indicating confidence in the company's future. While a Form 4 doesn't provide financial results, insider buying is a key indicator for investors.

Positives

• Insider purchase by the President and CEO signals confidence in the company's future prospects.
• The purchase price of $9.99 per share indicates management's valuation of the stock.
• Significant beneficial ownership by the CEO aligns management's interests with shareholders.

Future Outlook

This Form 4 filing does not contain explicit forward-looking statements or guidance, as its primary purpose is to report insider transactions. However, the insider purchase can be interpreted as a positive signal regarding management's confidence in the company's future performance.

Management Comments

• The document is a regulatory filing and does not contain direct quotes or paraphrased statements from management, other than the signature indicating the filing was made pursuant to power of attorney.

Industry Context

Insider purchases, especially by top executives like the CEO, are generally viewed positively by the market as they signal management's belief in the company's intrinsic value and future growth prospects. In the banking sector, such actions can reinforce investor confidence in the stability and strategic direction of the institution, particularly in a dynamic economic environment.

Comparison to Industry Standards

• This Form 4 filing reports a standard insider transaction. There are no specific comparable companies, projects, or results mentioned within the document to allow for a detailed comparison to industry standards. However, insider buying activity is a common indicator tracked by investors across all industries, often seen as a bullish signal.

Stakeholder Impact

• Shareholders: The CEO's purchase of shares may instill greater confidence among existing and potential shareholders, signaling management's belief in the company's value and future performance.
• Employees: While not directly impacted, a confident management team can indirectly boost employee morale and alignment with company goals.

Next Steps

• The document does not explicitly state future actions or milestones beyond the vesting schedules for restricted stock and stock options.

Key Dates

Recommendation

Keywords

Marathon Bancorp, MBBC, SEC Form 4, Insider Trading, Stock Purchase, CEO, Nicholas W. Zillges, Common Stock, Stock Options, Beneficial Ownership, Financial Reporting