Form 4: Marathon Bancorp CEO Nicholas Zillges Reports Acquisition of Shares and Stock Options

Nicholas Zillges, President and CEO of Marathon Bancorp, reports acquiring common stock and holding derivative securities.

Summary

• Nicholas Zillges, the President and CEO of Marathon Bancorp, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On April 21, 2025, Zillges acquired 6,500 shares of common stock at $10 per share and 3,500 shares of common stock at $10 per share.
• Following these transactions, Zillges directly owns 32,572 shares and indirectly owns 47,085 shares through a 401(k), IRA and ESOP.
• Zillges also holds stock options for 29,994 shares with an exercise price of $8.1294 and 7,498 shares with an exercise price of $6.4831.
• These stock options vest at a rate of 20% per year, commencing on June 28, 2023, and May 16, 2024, respectively.
• The filing also mentions a 1.3728 stock exchange in connection with the company's mutual to stock conversion.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing indicating insider transactions. The CEO purchasing shares is mildly positive, suggesting confidence, but it's not overwhelmingly bullish.

Positives

• The CEO's acquisition of shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's value and future prospects.

Comparison to Industry Standards

• Comparing Marathon Bancorp to similar regional banks, insider ownership is a common metric used to gauge alignment between management and shareholders.
• The vesting schedules of the stock options are fairly standard, with 20% vesting per year being a typical arrangement to incentivize long-term performance.
• The exercise prices of the options would need to be compared to the current market price of MBBC to determine if they are 'in the money' and thus more likely to be exercised.

Stakeholder Impact

• The CEO's increased stake in the company could positively influence shareholder confidence.
• Employees holding stock options may be motivated by the potential for future gains.

Key Dates

Keywords

Form 4, beneficial ownership, stock options, common stock, Marathon Bancorp, Zillges, insider trading