Form 4: Marathon Bancorp Director Timothy R. Wimmer Acquires Shares and Holds Stock Options
SEC Form 4 Filing
Director Timothy R. Wimmer reports acquisition of Marathon Bancorp shares and holdings of stock options.
Summary
- On April 21, 2025, Timothy R. Wimmer, a director of Marathon Bancorp, Inc. acquired 2,500 shares of common stock at a price of $10 per share.
- Following the transaction, Wimmer directly owns 2,998 shares and indirectly owns 9,364 shares through a trust.
- Wimmer also holds stock options for 5,999 shares with an exercise price of $8.1294, vesting at 20% per year starting June 28, 2023, and stock options for 1,499 shares with an exercise price of $6.4831, vesting at 20% per year starting May 16, 2024.
- The reported transactions reflect a 1.3728 stock exchange related to the company's mutual to stock conversion.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of stock transactions by a company director. The acquisition of shares could be seen as a positive signal, but it's not a major event.
Positives
- Director's acquisition of shares may signal confidence in the company's future prospects.
Future Outlook
There is no explicit future outlook provided in this document.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors seeking to understand management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The director's stock purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/28/2023 | Commencement of vesting for stock options (20% per year) with exercise price of $8.1294. |
| 05/16/2024 | Commencement of vesting for stock options (20% per year) with exercise price of $6.4831. |
| 04/21/2025 | Date of transaction: Acquisition of 2,500 shares of common stock at $10 per share. |
| 04/22/2025 | Date of signature for the Form 4 filing. |
Keywords
Marathon Bancorp, MBBC, Director, Stock Options, Share Acquisition, Beneficial Ownership, Form 4
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