Form 4: Marathon Bancorp Director Thomas L. Grimm Acquires Shares and Holds Options

Director Thomas L. Grimm reports acquisition of Marathon Bancorp shares and holdings in stock options, including adjustments due to a stock conversion.

Summary

• Thomas L. Grimm, a director at Marathon Bancorp, reported changes in beneficial ownership on April 21, 2025.
• Grimm acquired 7,500 shares of common stock at $10 per share.
• Following the transaction, Grimm directly owns 2,998 shares and indirectly owns 17,796 shares through a trust.
• The report also details stock options held by Grimm, with exercise prices adjusted due to a 1.3728 stock exchange related to the company's mutual to stock conversion.
• Some stock options vest at a rate of 20% per year, commencing on June 28, 2023, and May 16, 2024, respectively.
• The filing was signed by Benjamin Azoff under power of attorney on April 22, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares can be seen as a positive sign, but it's a routine filing and doesn't provide strong directional information.

Positives

• Director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.

Stakeholder Impact

• The stock purchase by a director could positively influence shareholder sentiment.

Key Dates

Keywords

Marathon Bancorp, MBBC, Thomas L. Grimm, Director, Stock Acquisition, Stock Options, Beneficial Ownership, Form 4, SEC Filing