Spatz Nora 4
4 · Marathon Bancorp, Inc. /MD/ · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Marathon Bancorp (MBBC) EVP Nora Spatz Buys 3,819 Shares
What Happened
- Nora Spatz, Executive Vice President and Chief Accounting Officer of Marathon Bancorp (MBBC), made a series of open-market purchases of company stock from June 3–10, 2026. She acquired a total of 3,819 shares for aggregate cash consideration of approximately $54,797.
- Individual trades: Jun 3 — 722 shares @ $13.75 ($9,926); Jun 4 — 74 shares @ $13.77 ($1,019); Jun 5 — 320 shares @ $14.25 ($4,559); Jun 8 — 197 shares @ $14.24 ($2,805); Jun 9 — 1,904 shares @ $14.50 ($27,608); Jun 10 — 602 shares @ $14.75 ($8,880). These were purchases (code P), which market watchers typically view as a bullish signal, though motivations aren’t stated.
Key Details
- Transaction dates and prices: Jun 3–10, 2026; per-trade prices listed above. Some reported prices are weighted averages reflecting multiple executions (see footnotes).
- Total acquired: 3,819 shares for ~ $54,797.
- Shares owned after the transactions: Not specified in the information provided in this summary (see the filing for post-transaction beneficial ownership).
- Notable footnotes:
- F1–F4: The reported per-share prices for certain trades are weighted averages; actual executions ranged across the specific price bands (e.g., $13.655–$13.75; $13.75–$14.00; $14.00–$14.25; $14.18–$14.25).
- F5–F8: Refer to existing holdings that include restricted stock and stock options with stated vesting schedules (20% per year from listed commencement dates).
- Filing timeliness: The Form 4 was filed on 2026-06-11. Because the earliest purchase was on 2026-06-03, that trade appears to have been reported after the typical 2-business-day Form 4 deadline; later trades (e.g., Jun 10) were reported promptly on the 06-11 filing. Check the filing for any tardiness notation or explanations.
Context
- These were straightforward open-market cash purchases (no option exercises, awards, gifts, or sales reported here).
- Purchases by officers can be interpreted as a positive signal by some investors, but they do not prove future performance — motivations are not disclosed.
- For more detail (exact post-transaction holdings, full price breakdowns within the weighted ranges, and any company disclosures), review the actual Form 4 filing (Accession 0001437749-26-020344).
Insider Transaction Report
Form 4
Spatz Nora
EVP and CAO
Transactions
- Purchase
Common Stock
[F1]2026-06-03$13.75/sh+722$9,926→ 36,423 total(indirect: By 401(k)) - Purchase
Common Stock
[F2]2026-06-04$13.77/sh+74$1,019→ 34,497 total(indirect: By 401(k)) - Purchase
Common Stock
[F3]2026-06-05$14.25/sh+320$4,559→ 36,817 total(indirect: By 401(k)) - Purchase
Common Stock
[F4]2026-06-08$14.24/sh+197$2,805→ 37,014 total(indirect: By 401(k)) - Purchase
Common Stock
2026-06-09$14.50/sh+1,904$27,608→ 38,918 total(indirect: By 401(k)) - Purchase
Common Stock
2026-06-10$14.75/sh+602$8,880→ 39,520 total(indirect: By 401(k))
Holdings
- 21,149
Common Stock
[F5][F6] - 1,598(indirect: By Trust)
Common Stock
- 1,149(indirect: As custodian)
Common Stock
- 2,109(indirect: By ESOP)
Common Stock
- 1,372(indirect: By Spouse)
Common Stock
- 2,400
Stock Options
[F7]Exercise: $8.13From: 2023-06-28Exp: 2032-06-28→ Common Stock (2,400 underlying) - 2,883
Stock Options
[F8]Exercise: $6.48From: 2024-05-16Exp: 2033-05-16→ Common Stock (2,883 underlying)
Footnotes (8)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.655 to $13.75, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.75 to $14.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (2) to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.00 to $14.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (3) to this Form 4.
- [F4]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.18 to $14.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (4) to this Form 4.
- [F5]Includes shares of restricted stock which vest at a rate of 20% per year commencing on June 28, 2023.
- [F6]Includes shares of restricted stock which vest at a rate of 20% per year commencing on May 16, 2024.
- [F7]Stock options vest at a rate of 20% per year commencing on June 28, 2023.
- [F8]Stock options vest at a rate of 20% per year commencing on May 16, 2024.
Signature
/s/ Benjamin Azoff, pursuant to power of attorney|2026-06-11