Form 4: Marathon Bancorp CEO Nicholas Zillges Reports Beneficial Ownership Changes

Nicholas Zillges, President and CEO of Marathon Bancorp, reports changes in beneficial ownership of company stock due to recent transactions.

Summary

• Nicholas Zillges, the President and CEO of Marathon Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On May 23, 2024, Zillges acquired 200 shares of common stock at $8.32 per share and 1,569 shares at $8.43 per share through his 401(k).
• Following these transactions, Zillges's indirect ownership through his 401(k) increased to 31,749 shares.
• Zillges also holds 440 shares through an IRA, 899 shares through an ESOP, and 19,816 shares directly.
• He also owns options to purchase 5,162 shares at $8.90, which vest at 20% per year starting May 16, 2024, and options to purchase 21,849 shares at $11.16, which vest at 20% per year starting June 28, 2023.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The CEO purchasing shares could be seen as a slightly positive signal.

Positives

• The CEO's continued investment in the company through stock purchases could be seen as a positive signal.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their investment activities in the company's stock.

Stakeholder Impact

• Shareholders may view the CEO's stock purchases as a positive sign of confidence in the company.

Key Dates