Wimmer Timothy R 4

What Happened
Timothy R. Wimmer, a director of Marathon Bancorp, exercised stock options on June 3, 2026, to acquire a total of 4,498 common shares. He paid $8.13 for 3,599 shares ($29,260) and $6.48 for 899 shares ($5,826), for a combined cash outlay of $35,086. The filing also shows the related option interests were terminated (reported as derivative dispositions at $0) as part of the exercise.

Key Details

• Transaction date: 2026-06-03; filing date: 2026-06-05 (filed within standard 2-business-day Form 4 window).
• Shares acquired: 3,599 @ $8.13 ($29,260) and 899 @ $6.48 ($5,826); total shares acquired = 4,498; total paid ≈ $35,086.
• Derivative dispositions: corresponding option positions reported as disposed at $0 (reflecting conversion/exercise).
• Shares owned after the transaction: not specified in the excerpt provided.
• Footnotes: F1 notes restricted stock vesting at 20%/yr starting June 28, 2023; F2 and F3 note stock-option vesting at 20%/yr starting June 28, 2023 (F2) and May 16, 2024 (F3).

Context
This was an option exercise (transaction code M). Because Wimmer paid cash to acquire the shares (exercise prices reported), this was not a reported immediate sale or a cashless net-share exercise; he acquired the shares by paying the strike prices. Insider purchases or exercises can be interpreted as the insider taking a long position, but filings are factual records rather than statements of intent.