Gagas Adam C. 4

What Happened

• Adam C. Gagas, a director of Pathfinder Bancorp, purchased shares in the open market. He bought 6 shares on 2026-02-12 at $13.50 each ($81) and 1,950 shares on 2026-02-13 at $13.75 each ($26,813), for a combined 1,956 shares costing approximately $26,894. These were direct purchases (transaction code P), which are typically seen as a buying/positive signal rather than a sale.

Key Details

• Transaction dates & prices:
  • 2026-02-12: 6 shares at $13.50 ($81)
  • 2026-02-13: 1,950 shares at $13.75 ($26,813)
  • Total: 1,956 shares for ~$26,894
• Transaction type: Open-market purchases (Code P)
• Shares owned after the transaction: Not specified in the Form 4 provided
• Filing timeliness: Report filed 2026-02-13 for a 2026-02-12 transaction period — appears timely (no late filing indicated)
• No footnotes (e.g., 10b5-1 plan or tax withholding) were noted in the information provided

Context

• These purchases are direct open-market buys by a company director; such insider purchases can be interpreted by investors as a sign of confidence but do not guarantee future performance. This is not an options exercise, gift, or tax-withholding event.