Pelkey Duane Milton 4

What Happened
Duane Milton Pelkey, a director of Gouverneur Bancorp, acquired 750 shares on May 1, 2026, in an open-market/private purchase (transaction code P) at $19.00 per share, for a total cost of $14,250. This was a straight purchase of common stock (not a sale or option exercise).

Key Details

• Transaction date: 2026-05-01
• Action: Purchase (Code P — open market or private purchase)
• Price and amount: 750 shares × $19.00 = $14,250 total
• Shares owned after transaction: not disclosed in the provided filing
• Footnote: F1 notes that stock options granted under the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan vest in five approximately annual installments beginning March 2, 2027 (this relates to option grants, not this share purchase)
• Filing date: 2026-05-04 (three days after the reported transaction); the provided data does not include an explicit late-filing flag

Context
Purchases by directors are often watched by investors as a potential positive signal, though filings alone do not reveal motivation. This filing shows a direct buy of company stock — no option exercise, cashless sale, or gift was reported. The footnote about the 2025 Equity Incentive Plan pertains to option vesting schedules and does not indicate that the reported shares came from option exercises.