Lawrence Scott D 4

What Happened

• Lawrence Scott, a director of Home Federal Bancorp, exercised stock options on May 27, 2026 to acquire 1,800 shares at $11.86 per share for a total cash cost of $21,348 (transaction code M). The same filing shows 1,800 shares disposed at $0 (derivative), resulting in no net increase in shares held.
• This was an option exercise (not an open‑market purchase or sale). Such exercises are often routine actions to convert vested options into shares or to satisfy exercise/tax obligations.

Key Details

• Transaction date: 2026-05-27. Exercise price: $11.86; acquisition value: $21,348. Disposal reported at $0 for 1,800 shares (derivative).
• Net effect: 1,800 shares acquired and 1,800 shares surrendered — effectively no net change in shares held reported.
• Ownership disclosed in footnotes: 9,110 shares held jointly with spouse; 5,000 shares granted under the 2025 Stock Incentive Plan vesting 20% per year starting Dec 18, 2026. Other option vesting schedules noted (see F2–F4).
• Filing timeliness: Report filed 2026-07-10 for a 2026-05-27 transaction — this is a late Form 4 filing and reduces the timeliness of disclosure.

Context

• The $0 disposal commonly reflects a net‑share settlement or surrender of shares to cover the exercise cost or tax withholding rather than a market sale — i.e., shares were not sold on the market for cash.
• Exercises convert vested options into shares but do not, by themselves, indicate the insider’s market view. The filing shows options vested (per F2) and does not identify a 10% owner or a 10b5-1 plan.