Spatz Nora 4

What Happened Nora Spatz, Executive Vice President and Chief Accounting Officer of Marathon Bancorp, disposed of 503 shares on June 28, 2026 to satisfy a tax liability (transaction code F). The shares were valued at $15.49 each for a total of $7,791. This was a tax-withholding disposal related to an equity award or exercise rather than an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-06-28; Price: $15.49 per share; Shares disposed: 503; Total value: $7,791.
• Transaction type: Code F — payment of exercise price or tax liability (shares surrendered to cover taxes).
• Shares owned after transaction: Not specified in this Form 4.
• Filing: Reported on 2026-06-30 (appears filed within the required Form 4 timing).
• Relevant footnotes: F1–F3 describe restricted stock vesting schedules (20% per year starting 6/28/2023, 5/16/2024, and 6/15/2027). F4–F6 note stock-option vesting at 20% per year starting on the same respective dates.

Context Code F transactions typically indicate shares were retained by the company or surrendered to cover tax withholding tied to vesting or option exercises; they are administrative and do not necessarily reflect a decision to reduce an executive’s market exposure. For retail investors, purchases or open-market sales can be more informative about sentiment; tax-withholding dispositions are routine following awards or exercises.