Ryan J Gordon, Executive Vice President and Chief Credit Officer of Waterstone Financial, Inc. (NASDAQ:WSBF), filed a Form 4 on August 17, 2026, reporting option exercises and open-market share sales that occurred on August 13, 2026.

Key Highlights

  • Option exercise: Gordon exercised a stock option for 10,000 shares of Common Stock at an exercise price of $17.2 per share on August 13, 2026.
  • Three open-market sales: Gordon sold 620 shares at $21.1, 1,300 shares at $21.11, and 6,237 shares at $21.145, all on August 13, 2026.
  • Direct ownership after transactions: Gordon directly held 11,611 shares of Common Stock following the reported transactions.
  • Indirect holdings: Gordon also held 27,398 shares indirectly through an ESOP and 15,191 shares indirectly through a Trust.
  • Option fully exercised: The stock option, with an expiration date of January 24, 2028, was fully exercised, leaving 0 derivative securities remaining directly held.

Gordon's August 13 Option Exercise and Share Sales at Waterstone Financial

According to the filing, Ryan J Gordon, identified as EVP/Chief Credit Officer of Waterstone Financial, Inc., exercised a stock option on August 13, 2026, acquiring 10,000 shares of Common Stock at the exercise price of $17.2 per share. The option had been exercisable since January 24, 2019, and carried an expiration date of January 24, 2028. Following the exercise, the filing reports that 0 shares remain under that option.

On the same date, the filing discloses three separate dispositions of Common Stock. Gordon sold 620 shares at $21.1 per share, 1,300 shares at $21.11 per share, and 6,237 shares at $21.145 per share. All three sales are reported as direct transactions. After all transactions, Gordon's direct beneficial ownership in Common Stock stood at 11,611 shares, according to the filing.

The filing also notes indirect beneficial ownership of 27,398 shares held through an ESOP and 15,191 shares held through a Trust. Both footnotes in the filing state that those positions "reflect transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended." The Form 4 was signed by William F. Bruss as Attorney-in-fact and filed on August 17, 2026.

What Was Disclosed

The filing reports an option exercise of 10,000 shares and three open-market sales totaling 8,157 shares by Waterstone Financial's EVP/Chief Credit Officer on August 13, 2026, with resulting direct ownership of 11,611 shares of Common Stock.