Brautigam Sharon E 4

What Happened

• Director Sharon E. Brautigam received a grant of 527 restricted shares of Lake Shore Bancorp on March 18, 2026. The Form 4 reports an acquisition at $0.00 per share (award), so no cash changed hands. This was an equity award (compensation/retention), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-20 (within the typical 2-business-day reporting window).
• Award: 527 restricted shares at $0.00 (transaction code A — award/grant).
• Vesting: the 527 shares vest on March 18, 2027 (Footnote F1).
• Holdings after grant (per footnotes): 1,420 unvested restricted shares total — 893 vesting Dec 9, 2026 and 527 vesting Mar 18, 2027 (F2). Options: 2,056 remaining unvested options from the Apr 23, 2024 grant and 514 options currently vested and exercisable (total 2,570 options) (F3).
• No 10b5-1 plan or tax-withholding note was reported in the provided footnotes.

Context

• Restricted stock awards are typically subject to vesting schedules and cannot be sold until they vest, so this grant is not an immediate liquidity event or market trade. The reported $0.00 reflects that these shares were granted as compensation rather than purchased. The separate option footnote indicates some stock options remain unvested while a portion are already exercisable.