Ansari Jon 4

What Happened
Jon Ansari, EVP, CFO and director of Magyar Bancorp, was awarded 500 shares of common stock on February 25, 2026. The grant is reported at $18.00 per share for a total value of $9,000. This filing shows an acquisition (award) rather than a sale.

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-26 (timely filing).
• Transaction type/code: Award/Grant (A) — 500 shares acquired at $18.00 each; total reported value $9,000.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote F1: The award includes restricted stock that vests at 20% per year commencing September 22, 2023 (multi-year vesting).
• Footnote F2: Related stock options (if any) vest at 20% per year commencing September 22, 2023.
• No indication in this filing of a 10b5-1 plan, tax-withholding sale, or immediate sale of shares.

Context
This was a restricted stock award (an acquisition) with a multi-year vesting schedule; such grants are typically part of executive compensation and do not by themselves indicate immediate buying or selling intent in the open market. The vesting schedule (20% per year starting 9/22/2023) means the shares will become usable by the insider over several years rather than all at once.