Form 4: Waterstone Financial Director Sells All Shares

Waterstone Financial Director Michael L. Hansen sold all his directly and indirectly held common stock in the company on October 27, 2025, for a weighted average price of $15.16 per share.

Summary

• Director Michael L. Hansen sold a total of 81,413 shares of Waterstone Financial, Inc. common stock.
• The transactions occurred on October 27, 2025, at a weighted average price of $15.16 per share.
• Individual sale prices ranged from $15.15 to $15.35 per share.
• Following these sales, Michael L. Hansen holds 0 shares of Waterstone Financial, Inc. common stock, both directly and indirectly.
• The sales were executed pursuant to a Rule 10b5-1(c) pre-arranged trading plan.

Sentiment

Score: 3

Explanation: The complete divestment of common stock by a director, even if pre-planned, typically signals a lack of future upside confidence or a need for personal liquidity, which can be viewed negatively by investors.

Negatives

• Director Michael L. Hansen divested his entire beneficial ownership in Waterstone Financial, Inc.
• The complete divestment by a director could be interpreted by the market as a lack of confidence in the company's future prospects or a signal of perceived limited upside.

Stakeholder Impact

• Shareholders may interpret the full divestment by a director as a negative signal regarding future company performance or confidence, potentially leading to downward pressure on the stock price.

Key Dates

Recommendation

The complete divestment of all beneficial ownership by a director, even under a Rule 10b5-1 plan, is a significant negative signal. It suggests a lack of confidence in the company's future growth prospects or an expectation of declining value, prompting a 'sell' recommendation for investors to reconsider their position.

Keywords

Waterstone Financial, WSBF, Insider Sale, Director Stock Sale, Michael L. Hansen, Form 4, Equity Transaction, 10b5-1 Plan