Spatz Nora 4

What Happened

• Nora Spatz, Executive Vice President and Chief Accounting Officer of Marathon Bancorp, exercised stock options on 2026-06-03. The filing shows an acquisition of 1,200 shares at an exercise price of $8.13 per share (total cost $9,756).
• The same filing also reports a disposition of 1,200 shares at $0.00 proceeds on the same date. The filing does not state cash received; the $0 disposition commonly reflects shares surrendered or withheld in connection with the option exercise or tax withholding rather than a market sale.

Key Details

• Transaction date: 2026-06-03 (filed 2026-06-05; filing appears timely).
• Acquired: 1,200 shares via option exercise at $8.13 each; total cost $9,756.
• Disposed: 1,200 shares at $0.00 (no proceeds reported).
• Shares owned after transaction: not specified in the provided filing.
• Relevant footnotes: restricted stock and options vest at 20% per year (vesting commencement dates noted in footnotes F1–F5); F3 indicates some transactions in the filing are not required to be reported under Section 16.
• Transaction code: M (option exercise/conversion).

Context

• For retail investors: this was an options exercise, not a conventional open‑market purchase or sale. The paired $0.00 disposition suggests a surrender/withholding settlement often used to cover option costs or tax obligations; the filing does not detail the exact mechanism or change in total holdings.
• These types of exercises are common and do not necessarily indicate a buy/sell sentiment by the insider.