Form 4: Marathon Bancorp CEO Nicholas Zillges Boosts Stake with Common Stock Acquisition

Marathon Bancorp, Inc.'s President and CEO, Nicholas W. Zillges, reported an acquisition of 695 shares of common stock through his 401(k) plan, increasing his total beneficial ownership.

Summary

• Nicholas W. Zillges, President and CEO, and Director of Marathon Bancorp, Inc. (MBBC), reported changes in his beneficial ownership of company securities.
• On May 29, 2025, Mr. Zillges acquired 695 shares of Common Stock at a price of $10.01 per share through his 401(k) plan, with a deemed execution date of May 30, 2025.
• Following this transaction, Mr. Zillges' total beneficial ownership includes 47,780 shares held indirectly via 401(k), 33,072 shares held directly (including restricted stock vesting 20% annually commencing June 28, 2023), 604 shares held indirectly via IRA, and 2,723 shares held indirectly via ESOP.
• He also holds derivative securities comprising 29,994 stock options with an exercise price of $8.1294, which vest at a rate of 20% per year commencing on June 28, 2023, and expire on June 28, 2032.
• Additionally, Mr. Zillges holds 7,498 stock options with an exercise price of $6.4831, which vest at a rate of 20% per year commencing on May 16, 2024, and expire on May 16, 2033.

Sentiment

Score: 6

Explanation: The acquisition of shares by the CEO is a positive signal of management confidence, but the transaction size is not exceptionally large, making the overall sentiment moderately positive rather than strongly so.

Positives

• The acquisition of 695 shares of common stock by the President and CEO, Nicholas W. Zillges, at $10.01 per share, signals management's confidence in the company's valuation and future prospects.
• The existence of significant stock option holdings (29,994 and 7,498 shares) with defined vesting schedules aligns management's long-term interests with shareholder value creation.

Negatives

• No specific negative information is disclosed in this Form 4 filing, as it primarily reports a change in beneficial ownership.

Risks

• This Form 4 filing does not contain information regarding specific company risks; it is a transactional report of insider ownership changes.

Future Outlook

This Form 4 filing does not provide forward-looking statements or guidance regarding the company's future performance or strategic outlook. It is a regulatory disclosure of insider trading activity.

Management Comments

• No direct quotes or paraphrased statements from company management are included in this Form 4 filing, as it is a transactional report.

Industry Context

This filing is a routine insider transaction report specific to Marathon Bancorp, Inc. and does not provide broader industry context or trends. Insider purchases, while generally positive, are common across industries and do not inherently reflect specific industry-wide developments.

Comparison to Industry Standards

• This Form 4 filing is a standard regulatory disclosure of an insider transaction and does not contain information that allows for a direct comparison to global benchmarks, comparable companies, or specific project results. The transaction itself is typical for an executive increasing their stake.

Management Changes

Corporate Governance

Legal Proceedings

• No litigation or regulatory matters are mentioned in this Form 4 filing.

Related Party Transactions

• The reported transaction itself, the acquisition of shares by the CEO, is a related party transaction. However, the document does not disclose other specific related party dealings beyond this direct insider ownership change.

Stakeholder Impact

• Shareholders: May view the CEO's share acquisition as a positive indicator of management's belief in the company's future performance, potentially boosting investor confidence.
• Employees: No direct impact is indicated, though a confident management team can indirectly foster a stable work environment.

Next Steps

• This Form 4 filing does not outline specific future actions, events, or milestones for the company. It is a historical report of a completed transaction.

Key Dates

Recommendation

Keywords

Marathon Bancorp, MBBC, Nicholas W. Zillges, Form 4, insider trading, beneficial ownership, stock acquisition, CEO, Director, common stock, stock options, 401(k), ESOP, IRA