Spatz Nora 4

What Happened

• Nora Spatz, Executive Vice President and Chief Accounting Officer of Marathon Bancorp (MBBC), was granted equity awards on June 15, 2026: 6,450 shares of restricted stock and 11,000 derivative shares, each acquired at $0 (total immediate cash cost $0). These are awards (transaction code A), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-06-15; filing date: 2026-06-16 (filed the next day; appears timely under Form 4 rules).
• Price: $0.00 per share for both grants.
• Shares reported: 6,450 restricted shares + 11,000 derivative shares (total 17,450 awards granted).
• Shares owned after transaction: Not specified in the provided filing.
• Vesting and other notes (from filing footnotes):
  • F1: Restricted stock vests at 20% per year commencing June 15, 2027.
  • F2: Includes restricted stock vesting at 20% per year commencing June 28, 2023.
  • F3: Includes restricted stock vesting at 20% per year commencing May 16, 2024.
  • F4: Stock options vest at 20% per year commencing June 15, 2027.
  • F5: Stock options vest at 20% per year commencing June 28, 2023.
  • F6: Stock options vest at 20% per year commencing May 16, 2024.
• Transaction type: Award/grant (A). The 11,000 "derivative" shares are equity‑based awards subject to vesting (e.g., options or RSUs) rather than an open‑market buy.

Context

• These awards are compensation grants that vest over several years; they are not sales or purchases that directly signal the insider buying or selling stock today. Vesting schedules mean any economic benefit is realized gradually.
• For retail investors: awards are common for executives as retention/compensation; they differ from purchases (which can be viewed as a stronger bullish signal).