Form 4: Marathon Bancorp EVP and COO Reports Share Disposition for Tax Liability

Michelle Knopf, Executive Vice President and Chief Operating Officer of Marathon Bancorp, Inc., reported the disposition of 197 shares of common stock to cover tax liabilities related to equity compensation.

Summary

• Michelle Knopf, EVP and COO of Marathon Bancorp, Inc. (MBBC), reported a transaction on June 28, 2025.
• The transaction involved the disposition of 197 shares of Common Stock at a price of $9.99 per share.
• This disposition was coded as "F," indicating it was for the payment of tax liability by withholding securities.
• Following this transaction, Michelle Knopf directly owns 3,418 shares of Common Stock, which includes restricted stock vesting at 20% per year starting June 28, 2023, and May 16, 2024.
• Indirect holdings include 16,349 shares via a 401(k) plan and 1,274 shares via an ESOP.
• Derivative holdings include 4,498 stock options with an exercise price of $8.1294, granted on June 28, 2023, and expiring on June 28, 2032, vesting at 20% annually from June 28, 2023.
• Additionally, there are 4,804 stock options with an exercise price of $6.4831, granted on May 16, 2024, and expiring on May 16, 2033, vesting at 20% annually from May 16, 2024.

Sentiment

Score: 6

Explanation: The transaction is a routine disposition for tax purposes, which is a neutral event. The executive retains substantial direct and indirect holdings, including significant unvested options, indicating continued alignment with company performance.

Positives

• Significant indirect holdings through 401(k) and ESOP plans, indicating long-term alignment with shareholder interests.
• Substantial unexercised stock options with future vesting, providing incentive for long-term performance.

Negatives

• A disposition of 197 shares of common stock occurred, reducing direct beneficial ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disposition of a small number of shares for tax purposes by an executive is a routine event and is unlikely to have a material impact on the company's stock price or overall shareholder value. The executive's continued significant holdings align their interests with shareholders.

Key Dates

Keywords

Marathon Bancorp, MBBC, SEC Form 4, Insider Trading, Stock Options, Restricted Stock, Executive Compensation, Michelle Knopf, EVP, COO, Share Disposition, Tax Liability