Glynn Julie Ann 4

What Happened
Julie Ann Glynn, EVP & Chief Retail Officer of Waterstone Financial (WSBF), exercised options to acquire 20,000 shares on Feb 2, 2026 at $17.35 per share (total exercise cost $347,000). She sold 20,000 of those shares in the open market at a weighted-average price of $18.17 (proceeds $363,412) and sold an additional 929 shares at $18.69 (proceeds $17,362). The combined sale proceeds were $380,774. The filing also shows a derivative conversion/disposition entry for 20,000 shares reported at $0.00, which relates to the option exercise/conversion.

Key Details

• Transaction date: 2026-02-02 (reported on Form 4 filed 2026-02-04). Filing appears timely.
• Exercise: 20,000 shares acquired at $17.35 each (total $347,000).
• Sales: 20,000 shares sold at a weighted-average $18.17 (proceeds $363,412) and 929 shares sold at $18.69 (proceeds $17,362); total sales $380,774.
• Footnote: The $18.17 figure is a weighted-average; sale prices ranged from $17.78 to $18.71. The reporting person offered to provide a breakdown on request.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• No 10b5-1 plan, tax-withholding, or late-filing flag was indicated in the supplied details.

Context
Because Glynn exercised options and sold shares the same day, this is effectively a cashless exercise (exercise followed by immediate sale) rather than a new buy signal. That pattern is common for option exercises used to cover exercise costs and taxes; it is not by itself a clear statement of bullish or bearish sentiment. The separate derivative line at $0.00 reflects the conversion/termination of the option instrument in connection with the exercise.