Rapholz Amy Marie 4

What Happened

• Director Amy Rapholz exercised stock options to acquire 200 shares of Gouverneur Bancorp on March 9, 2026, paying $12.20 per share for a total cash outlay of $2,440. The same Form 4 also reports a related derivative entry of 200 shares reported as disposed at $0 on the same date.

Key Details

• Transaction date: 2026-03-09 (reported on Form 4 filed 2026-03-10)
• Exercise (code M, Acquired): 200 shares @ $12.20 = $2,440
• Related derivative entry (code M, Disposed): 200 shares @ $0 = $0 (reported as a disposition of a derivative)
• Shares owned after transaction: Not specified in this Form 4 (the filing does not give a post-transaction total)
• Relevant footnotes:
  • F1: Direct holdings include certain shares that were previously held as Stock Awards and have since vested.
  • F2: Stock awards under the 2025 Equity Incentive Plan vest in ~5 equal annual installments beginning Feb 11, 2026.
  • F3: Stock options under the 2025 Equity Incentive Plan vest in ~5 equal annual installments beginning Feb 11, 2026.
• Timeliness: Form filed the next day (appears timely; no late filing indicated)

Context

• This filing reports an option exercise (an acquisition) rather than an open-market purchase or sale. Exercises can be routine (to take ownership of vested compensation) and do not necessarily signal a change in the insider’s view of the company.
• The separate 0-dollar disposition line often appears in filings when shares are withheld or internally netted to satisfy taxes or other settlement mechanics; the Form 4 here reports the disposition but does not detail the economic reason.