Pelkey Duane Milton 4

What Happened
Duane Milton Pelkey, a director of Gouverneur Bancorp, bought 100 shares of GOVB on 2026-05-15 in an open-market purchase at $18.94 per share, for a total cost of $1,894. This was a straightforward purchase (transaction code P), which is generally viewed as a purchase signal rather than a sale.

Key Details

• Transaction date: 2026-05-15; reported on Form 4 filed 2026-05-19 (filed within the two-business-day window).
• Price and amount: 100 shares at $18.94 each; total value $1,894.
• Shares owned after transaction: Not specified/disclosed in this 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.
• Transaction type: Open-market purchase (code P).

Context
Purchases by directors can attract attention from retail investors because they represent insiders adding to their stake; however, this purchase is small in dollar terms ($1.9K) and may be routine. The filing includes a vesting note for prior option grants but this transaction was a straight share purchase, not an option exercise.