Sanvidge Kevin M. 4

What Happened Kevin M. Sanvidge, Director and Chairman of the Board of Lake Shore Bancorp (LSBK), was granted 893 restricted shares on December 9, 2025. The shares were reported at a grant/acquisition price of $0 (typical for restricted stock awards issued as compensation). This filing documents the award; it is a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: December 9, 2025; reported on Form 4 filed January 23, 2026 (filed well after the transaction date).
• Grant: 893 restricted shares; acquisition price reported as $0 (total reported value $0).
• Vesting: The 893 shares vest on December 9, 2026 (footnote F1).
• Reported holdings context (from footnotes): includes 1,415 restricted shares vesting March 12, 2026 and the 893 shares vesting December 9, 2026 (F2).
• Options and other equity referenced: footnotes indicate some options are fully vested (F3) and other option tranches include 514 options vested April 23, 2025 with 2,056 remaining unvested vesting in four equal annual installments beginning April 23, 2026 (F4).
• No indication in the filing of an immediate sale, tax-withholding sale, or a 10b5-1 plan related to this award.

Context Restricted stock awards like this are compensation-related grants that typically vest over time; they do not reflect an open-market purchase or sale. The filing date (Jan 23, 2026) is well after the Dec 9, 2025 transaction date, indicating a late Form 4 filing relative to the usual two-business-day reporting requirement.