Lawton Patrick S 4

What Happened Patrick S. Lawton, a director of Waterstone Financial, reported sales of common stock. On 2026-02-03 he disposed of 30,000 shares at a weighted average price of $18.53 (proceeds $555,900), and on 2026-02-04 he disposed of 19,255 shares at a weighted average price of $18.64 (proceeds $358,913). Total shares sold were 49,255 for aggregate proceeds of approximately $914,813. These were sales (not purchases), which are often routine and do not necessarily signal a change in company outlook.

Key Details

• Transaction dates and prices: Feb 3, 2026 — 30,000 shares @ $18.53 (weighted avg); Feb 4, 2026 — 19,255 shares @ $18.64 (weighted avg).
• Total proceeds: ~$914,813.
• Transaction type: Reported as "open market or private sale" (Form 4 code S).
• Shares owned after transaction: Not specified in the information provided on this Form 4.
• Footnotes: Both sales are reported with weighted average prices and were executed in multiple trades at differing prices; the filer will provide a breakdown of amounts sold at each price on request (see Footnotes F1 and F2).
• Filing timeliness: Form 4 was filed on 2026-02-05; the filing appears timely (within required reporting window).

Context

• Sales by directors can be for many personal reasons (liquidity, diversification, tax planning) and do not necessarily reflect company fundamentals. Purchases by insiders are generally considered a stronger positive signal for investors than routine sales.