Lake Shore Bancorp, Inc. /MD/
For the period ended Jun 30, 2025. Filed Aug 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 12, 2025
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UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table reports information regarding repurchases by Lake Shore Bancorp of its common stock in each month of the quarter ended June 30, 2025. The Company’s stock repurchase program was terminated effective July 18, 2025 in connection with the consummation of the conversion of Lake Shore, MHC from mutual-to-stock form.
COMPANY PURCHASES OF EQUITY SECURITIES
| Period | Total Numberof SharesPurchased(1) | Average PricePaid per Share(1) | Total Number ofShares Purchasedas Part of PubliclyAnnounced Plansor Programs | Maximum Numberof Shares that MayYet be PurchasedUnder the Plansor Programs (2) |
|---|---|---|---|---|
| April 1 through April 30, 2025 | 1,100 | $14.46 | — | 30,626 |
| May 1 through May 31, 2025 | — | — | — | 30,626 |
| June 1 through June 30, 2025 | — | — | — | 30,626 |
| Total | 1,100 | $14.46 | — | 30,626 |
(1)
Shares purchased represent shares that were elected to be withheld from the vesting of restricted stock awards to cover income tax withholdings for the individuals upon vesting.
(2)
On August 13, 2021, our Board of Directors (the “Company”) adopted a new stock repurchase program. The stock repurchase program authorized the Company to repurchase up to an aggregate of 106,327 shares, or approximately 5% of its outstanding shares, excluding the shares held by Lake Shore, MHC.
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