Form 4: Director Sells NECB Shares Under 10b5-1 Plan

NorthEast Community Bancorp Director Charles Michael Cirillo sold 3,566 shares of common stock for $22.94 per share under a pre-arranged trading plan.

Summary

• Charles Michael Cirillo, a Director of NorthEast Community Bancorp, Inc. (NECB), reported a transaction involving the sale of common stock.
• On March 12, 2026, Cirillo disposed of 3,566 shares of common stock at a price of $22.94 per share.
• The transaction was executed pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
• Following this transaction, Cirillo directly beneficially owns 5,805 shares of common stock.
• Indirect beneficial ownership includes 10,000 shares held by an IRA and 5,792 shares from Stock Awards.
• Cirillo also holds 28,961 stock options with an exercise price of $12.4, which vest in five approximately equal annual installments commencing September 30, 2023, and expire on September 30, 2032.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, typical for insider transactions executed under a pre-arranged 10b5-1 plan, which mitigates the immediate negative signal of an insider sale.

Positives

• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale rather than a reaction to recent non-public information.

Negatives

• A director selling shares, even under a 10b5-1 plan, reduces their direct equity stake in the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales, even under 10b5-1 plans, are routinely monitored by investors for insights into management's perception of future stock performance. While a 10b5-1 plan suggests the sale was pre-scheduled and not based on new material non-public information, a reduction in direct ownership by a director is still a data point for market participants.

Stakeholder Impact

• Shareholders may note the reduction in direct equity ownership by a director, though the 10b5-1 plan context suggests it is not a reaction to new information.

Key Dates

Recommendation

The filing reports a routine insider sale under a 10b5-1 plan, which does not provide new fundamental information to warrant a change in investment thesis. Investors should hold and monitor broader company performance and market conditions.

Keywords

NorthEast Community Bancorp, NECB, Charles Michael Cirillo, Insider Trading, Form 4, Stock Sale, Director, 10b5-1 Plan, Equity Incentive Plan, Stock Options