Gordon Douglas S 4

What Happened
Gordon Douglas S, a director of Waterstone Financial, reported two open‑market sales: 15,000 shares sold on 2026-02-04 at a weighted average price of $18.55 for proceeds of $278,265, and 18,716 shares sold on 2026-02-05 at a weighted average price of $18.25 for proceeds of $341,567. Total proceeds across both transactions were about $619,832. These were outright sales (S), which are typically treated as routine dispositions rather than a bullish signal.

Key Details

• Transaction dates and prices:
  • 2026-02-04: 15,000 shares sold @ weighted avg $18.55 — $278,265
  • 2026-02-05: 18,716 shares sold @ weighted avg $18.25 — $341,567
• Total shares sold: 33,716; total proceeds ≈ $619,832.
• Shares owned after the transactions: not specified in the provided Form 4 excerpt.
• Filing: Report filed on 2026-02-06 (covers period of report 2026-02-04); filing appears timely.
• Notable footnotes: Both sales note the reported price is a weighted average because each block was sold in multiple transactions at different prices. The filer offers to provide a breakdown of shares sold at each price on request.

Context
Sales by directors can be for many reasons (liquidity, portfolio rebalancing, taxes) and do not necessarily signal a change in view on the company. For retail investors, purchases often carry more informational weight than routine open‑market sales. No 10b5‑1 plan, option exercises, gifts, or tax‑withholding transactions were disclosed in the excerpt provided.