Form 4: Marathon Bancorp EVP and CAO Nora Spatz Increases Stake with Common Stock Acquisition

Marathon Bancorp's Executive Vice President and Chief Administrative Officer, Nora Spatz, has acquired an additional 992 shares of the company's common stock through her 401(k) plan.

Summary

• Nora Spatz, Executive Vice President and Chief Administrative Officer of Marathon Bancorp, Inc. (MBBC), acquired 992 shares of common stock indirectly through her 401(k) plan.
• The transaction occurred on May 29, 2025, with a deemed execution date of May 30, 2025, at a price of $10.01 per share.
• Following this acquisition, Ms. Spatz's total beneficial ownership in Marathon Bancorp common stock amounts to 52,708 shares, comprising 31,270 shares indirectly via 401(k), 16,110 shares held directly (including restricted stock), 1,598 shares indirectly via Trust, 1,149 shares indirectly as custodian, 1,209 shares indirectly via ESOP, and 1,372 shares indirectly by spouse.
• Her direct holdings of 16,110 shares include restricted stock that vests at a rate of 20% per year, commencing on June 28, 2023, and May 16, 2024.
• Ms. Spatz also holds 5,999 stock options with an exercise price of $8.1294, granted on June 28, 2023, and expiring on June 28, 2032, which vest at 20% annually from June 28, 2023.
• Additionally, she holds 4,804 stock options with an exercise price of $6.4831, granted on May 16, 2024, and expiring on May 16, 2033, which vest at 20% annually from May 16, 2024.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive indicates confidence in the company's prospects, which is generally a positive signal for investors. The transaction size is moderate, and the price provides a specific valuation point.

Positives

• The acquisition of company shares by a high-ranking executive like the EVP and CAO generally signals strong confidence in the company's current valuation and future prospects.
• The transaction was an acquisition of shares, rather than a disposition, which is typically viewed positively by investors as it aligns management's interests with those of shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The acquisition by a key executive may instill confidence among existing and potential shareholders, suggesting that management believes the stock is undervalued or has strong growth potential.
• Employees: May signal stability and a positive internal outlook, potentially boosting morale.

Key Dates

Recommendation

Keywords

Marathon Bancorp, MBBC, Nora Spatz, Insider Trading, SEC Form 4, Stock Acquisition, Executive Compensation, Beneficial Ownership, 401(k), Stock Options