DeBergalis Michelle M 4

What Happened
Michelle M. DeBergalis, a director of Lake Shore Bancorp (LSBK), was granted a total of 12,088 equity awards on December 9, 2025. The filing shows a grant of 3,868 shares of restricted stock (price $0.00) and a derivative award covering 8,220 shares (also $0.00). No cash was exchanged — these are compensation awards rather than open-market purchases or sales.

Key Details

• Transaction date: December 9, 2025. Form 4 filed January 23, 2026 (appears to be a late filing).
• Grant code: A = Award/Grant. Price reported: $0.00 per share (standard for compensation grants).
• Shares awarded: 3,868 restricted stock; 8,220 derivative award; total 12,088 shares.
• Shares owned after transaction: not disclosed in the details provided.
• Footnote highlights:
  • F1: Restricted stock vests on December 9, 2026.
  • F2: The award package includes 647 restricted shares that vest on March 12, 2026 and 3,868 shares that vest on December 9, 2026.
  • F3: The derivative (option) awards vest at 20% per year beginning December 9, 2026.
• Timeliness: The Form 4 was filed more than a month after the transaction date (late filing).

Context
These awards are typical director compensation and are not immediate stock purchases or sales. The restricted shares and the derivative awards are subject to vesting schedules before they convert into freely tradable shares (or become exercisable), so they do not represent immediate insider selling or buying. Because the filing was submitted late, investors may want to monitor further disclosures or company commentary for any compliance notes.