Robert V. Cortellucci - Nov 21, 2023 Form 4 Insider Report for LAKE SHORE BANCORP, INC. (LSBK)

Role
Chief Technology Officer
Signature
/s/ Rachel A. Foley, pursuant to power of attorney
Stock symbol
LSBK
Transactions as of
Nov 21, 2023
Transactions value $
-$827
Form type
4
Date filed
11/24/2023, 12:09 PM
Previous filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSBK Common Stock Tax liability -$827 -77 -7.7% $10.74 923 Nov 21, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person elected to pay for a tax liability by withholding securities incident to the vesting of a security (i.e., restricted stock) based on a market price of $10.74.
F2 Includes 800 shares of restricted stock which vest 20% per year, with final vesting on November 21, 2027.