Sanvidge Kevin M. 4/A

What Happened

• Kevin M. Sanvidge, Director and Chairman of the Board of Lake Shore Bancorp, reported a gift transaction on 2025-12-10 involving 1,382 shares at $0.00 per share. The filing shows both a Gift (G) disposition and a Gift (G) acquisition for 1,382 shares on the same date (each line reported at $0 value), resulting in no cash proceeds. The Form 4 was amended and filed with the SEC on 2026-01-23.

Key Details

• Transaction date: December 10, 2025; reported in an amended Form 4 filed January 23, 2026 (late filing).
• Transaction type/code: Gift (G); price per share reported $0.00; total reported value $0.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes in the filing:
  • F1: Includes 1,415 shares of restricted stock vesting March 12, 2026 and 893 shares vesting December 9, 2026.
  • F2: Notes that certain options are fully vested.
  • F3: Notes 514 options vested April 23, 2025; 2,056 options remain unvested and vest in four equal annual installments beginning April 23, 2026.
• Filing status: Amended Form 4 filed ~44 days after the transaction date (appears late relative to the typical two-business-day reporting requirement).

Context

• Gift transactions are transfers for no cash consideration and generally do not signal insider buying or selling intent; they can reflect estate, trust, or family transfers or other personal/administrative moves. The filing shows both a gift disposition and acquisition of the same number of shares on the same date, which net to zero; the Form 4 does not explain the reason for the paired entries.