Terry Cornish, serving as both Senior Vice President and Chief Compliance Officer at Marathon Bancorp, Inc. (NASDAQ: MBBC), has executed a series of stock purchases totaling approximately $19,930. The transactions involved the acquisition of 1,389 shares of the company's common stock. The execution prices for these shares ranged from $13.748 to $14.75 per share. At the time of reporting, the stock was trading at $14.30. Marathon Bancorp currently carries a market capitalization of $41.75 million and a price-to-earnings ratio of 35.82.
The acquisitions were distributed across multiple dates in early June 2026. On June 3, Cornish acquired 263 shares at a weighted average price of $13.748. Individual transactions on this date ranged from $13.655 to $13.75. The following day, June 4, saw the purchase of an additional 27 shares at a weighted average price of $13.7678, with prices between $13.75 and $14.00. On June 5, 116 shares were acquired at a weighted average price of $14.2481, within a range of $14.00 to $14.25. Further purchases included 71 shares on June 8 at a weighted average price of $14.241, with prices from $14.18 to $14.25. On June 9, 693 shares were bought at $14.50 per share. The final reported purchase occurred on June 10, with 219 shares acquired at $14.75 per share. All these acquisitions were made indirectly through a 401(k) plan.
Following these transactions, Cornish indirectly holds 27,205 shares of Marathon Bancorp common stock through a 401(k) plan. Additionally, Cornish directly holds 3,003 shares of common stock. This direct holding includes restricted stock vesting at a rate of 20% per year commencing on June 28, 2023, and May 16, 2024. An indirect holding of 2,250 shares is also reported through an Employee Stock Ownership Plan (ESOP). Cornish also holds derivative securities in the form of stock options. These include options for 4,498 shares of common stock with an exercise price of $8.13, vesting at a rate of 20% per year from June 28, 2023, and options for 4,804 shares with an exercise price of $6.48, vesting at a rate of 20% per year from May 16, 2024.
In other recent developments, Marathon Bancorp, Inc. has announced the launch of a stock repurchase program. The company plans to buy back up to 146,931 shares of its common stock, which accounts for about 5% of its outstanding shares. This is the first stock repurchase initiative by Marathon Bancorp since it completed its second step conversion and related stock offering in April 2025. The announcement was made through a press release, highlighting the company's strategic move in managing its capital. There are no additional details about the financial implications or the timeline for the repurchase program. This development comes as part of Marathon Bancorp's ongoing efforts to enhance shareholder value. The company's decision to initiate a buyback program is a significant move in the current financial landscape.