Cornish Terry 4

What Happened

• Cornish Terry, Senior Vice President and Chief Compliance Officer of Marathon Bancorp (MBBC), had 41 shares disposed via tax withholding on May 16, 2026. The shares were valued at $14.50 each for a total of $595. This was a withholding to satisfy a tax obligation (transaction code F), not an open-market sale intended as an investment decision.

Key Details

• Transaction date and price: May 16, 2026 — 41 shares withheld at $14.50/share (total $595).
• Transaction code: F — payment of exercise price or tax liability (tax withholding).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing: Form 4 filed May 19, 2026 (reporting the May 16 transaction). Timeliness relative to the Form 4 window is not specified here.
• Relevant footnotes from the filing: footnotes indicate restricted stock and option vesting schedules (20% per year) commencing June 28, 2023 and May 16, 2024; these schedules may explain the source of the withheld shares.

Context

• Tax-withholding dispositions are routine when restricted stock vests or options are exercised; they are administrative and do not necessarily signal a view on the company’s stock. The filing shows a small withholding ($595) consistent with covering tax liability from equity compensation rather than a discretionary sale.