Lake Shore Bancorp, Inc. /MD/
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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Sep 30, 2025 · Filed Nov 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 September 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. Share amounts disclosed herein related to periods prior to the date of conversion (July 18, 2025) have been adjusted to give the retroactive recognition to the exchange ratio applied in the conversion (1.3549).
COMPANY PURCHASES OF EQUITY SECURITIES
| Period | Total Numberof SharesPurchased | Average PricePaid per Share | Total Number ofShares Purchasedas Part of PubliclyAnnounced Plansor Programs | Maximum Numberof Shares that MayYet be PurchasedUnder the Plansor Programs (1)(2) |
|---|---|---|---|---|
| July 1 through July 31, 2025 | — | $— | — | — |
| August 1 through August 31, 2025 | — | — | — | — |
| September 1 through September 30, 2025 | — | — | — | — |
| Total | — | $— | — | — |
(1)On August 13, 2021, our Board of Directors adopted a stock repurchase program. The stock repurchase program authorized the Company to repurchase up to an aggregate of 144,062 shares, or approximately 5% of its outstanding shares, excluding the shares held by Lake Shore, MHC. 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.
(2)On October 22, 2025, our Board of Directors adopted a plan to repurchase up to 5% of our outstanding shares of common stock. Repurchases under the plan are expected to commence following the one-year anniversary of the recently completed conversion of Lake Shore, MHC from mutual-to-stock form, or on July 20, 2026.
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