Magyar Bancorp, Inc. 10-K

ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities (a) Our shares of common stock are traded on the NASDAQ Stock Market LLC under the symbol “MGYR.” The approximate number of holders of record of Magyar Bancorp, Inc.’s common stock as of September 30, 2025 was 503. Certain shares of Magyar Bancorp, Inc. are held in “nominee” or “street” name and accordingly, the number of beneficial owners of such shares is not known or included in the foregoing number. The Company declared five dividends totaling $0.29 per share paid to common shareholders during the year ended September 30, 2025. In the future, the Company intends to continue to pay a regular quarterly cash dividend. In determining whether and in what amount to pay a cash dividend, the Board will continue to consider several factors, including capital requirements, our consolidated financial condition and results of operations, tax considerations, statutory and regulatory limitations and general economic conditions. No assurances can be given that cash dividends will continue to be paid or that, if paid, will not be reduced. For more information on regulatory restrictions regarding the payment of dividends, see “Item 1- Business- Supervision and Regulation- New Jersey Banking Regulation-Dividends.” Other than its employee stock ownership plan, Magyar Bancorp, Inc. does not have any equity compensation plans that were not approved by stockholders. The following table sets forth information with respect to the Company’s equity compensation plans. September 30, 2025 Number of securities to be issued upon exercise of outstanding options and rights Weighted average exercise price* Number of securities remaining available for issuance under plan Stock options 285,200 $ 12.58 103,800 Shares of restricted stock 58,160 - 6,000 Total $ 343,360 $ 12.58 $ 109,800 * Reflects exercise price of stock options only. (b) Not applicable. (c) Share repurchases. On April 17, 2025 the Company completed its fourth stock repurchase program announced December 8, 2022, with all 337,146 shares repurchased at an average price of $12.23. On May 22, 2025 the Company announced the authorization of its fifth stock repurchase program pursuant to which the Company intends to repurchase up to 5% of its outstanding shares, or up to 323,547 shares. The Company’s intended use of the repurchased shares is for general corporate purposes. The timing of the repurchases will depend on certain factors including, but not limited to, market conditions and prices, the Company’s liquidity requirements and alternative uses of capital. The Company held 617,797 shares of treasury stock at September 30, 2025. The Company did not repurchase any shares of its common stock during the three months ended September 30, 2025. 20 ITEM 6. [Reserved]