McKenzie John F 4

What Happened

• John F. McKenzie, a director of NorthEast Community Bancorp, exercised derivative securities on Feb 26, 2026. He acquired 3,000 shares by exercising at $12.40 per share, for a cash cost of $37,200. The filing also reports a related disposition/conversion of 3,000 shares at $0 (reported as a derivative transaction), which is not an open‑market sale.

Key Details

• Transaction date: 2026-02-26 (reported on Form 4 filed 2026-03-02).
• Exercise: 3,000 shares acquired at $12.40 each = $37,200 total (transaction code M).
• Related line: 3,000 shares reported disposed/converted at $0 (derivative conversion; also coded M).
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1 notes stock awards vest in five equal annual installments starting Sept 30, 2023; F2 states stock options vest in five roughly equal annual installments starting Sept 30, 2023.
• No indication in the filing that shares were sold in the open market immediately after exercise.

Context

• Code M indicates exercise or conversion of a derivative security (e.g., option exercise). The reported $0 disposition line reflects a conversion/settlement of a derivative instrument rather than a market sale — common in exercises or reclassifications tied to equity awards. This filing is factual reporting of an exercise; it does not by itself indicate the director’s view of the company’s prospects.