DeBergalis Michelle M 4

What Happened Michelle M. DeBergalis, a director of Lake Shore Bancorp, was granted 480 shares of restricted stock on March 18, 2026. The award was recorded at $0.00 per share (an equity grant, not a cash purchase or sale). These 480 shares are unvested and will vest on March 18, 2027.

Key Details

• Transaction date: March 18, 2026; Grant/award (code A) of 480 restricted shares at $0.00.
• Vesting: The 480 awarded shares vest on March 18, 2027 (Footnote F1).
• Other unvested holdings reported: includes 3,868 restricted shares vesting December 9, 2026 (Footnote F2).
• Options: The filing notes outstanding stock options that vest at 20% per year beginning December 9, 2026 (Footnote F3).
• Filing: Form 4 was filed March 20, 2026 (two days after the grant), which appears to be a timely report under standard Form 4 deadlines.

Context This was an equity award (restricted stock grant), not an open-market buy or sale. Awards like this are commonly used for director compensation and do not by themselves indicate a buy/sell signal; the shares are subject to vesting conditions, so the director cannot freely sell them until they vest.