Spatz Nora 4

What Happened
Nora Spatz, Executive Vice President and Chief Accounting Officer of Marathon Bancorp (MBBC), had 30 shares disposed/withheld to satisfy a tax liability or payment related to an award or option exercise. The shares were recorded at $14.50 each, for a total value of $435. This transaction is a routine tax-withholding disposition (SEC code F), not an open-market sale.

Key Details

• Transaction date: 2026-05-16; Filing date: 2026-05-19.
• Shares withheld/disposed: 30 shares at $14.50 per share; total value $435.
• Transaction code: F — Payment of exercise price or tax liability (withholding).
• Shares owned after the reported transaction: Not specified in the filing.
• Footnotes in the filing indicate restricted stock and option vesting schedules:
  • F1: Restricted stock vests 20% per year beginning June 28, 2023.
  • F2: Restricted stock vests 20% per year beginning May 16, 2024.
  • F3: Stock options vest 20% per year beginning June 28, 2023.
  • F4: Stock options vest 20% per year beginning May 16, 2024.

Context
Code F items are typically tax-withholding or exercise-payment actions tied to vesting or option exercises; they are routine and do not necessarily signal a view on the company’s outlook. The filing shows a small withholding to cover taxes (or exercise cost) rather than a market sale for cash.