GERKE MARK RAYMOND (CFO / Sr. Vice President) sold 20.7% of their position (7.60K shares) of WATERSTONE FINANCIAL, INC. on the open market

Open‑market sale worth $156.7K — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 27 sales

GERKE MARK RAYMOND

Filed: 3/5/2021ACC: 0001567619-21-005699

InsiderGERKE MARK RAYMONDCIK 1601016

→

IssuerWATERSTONE FINANCIAL, INC.CIK 1569994

Officer· CFO / Sr. Vice President

Since Jun 2019

-7.60K

Net shares

Net seller

$156.7K

Total sold

Open market trades

0B · 27S

Total transactions

5K acquired · 12.60K disposed

Non-Derivative Transactions28

Common Stock

Direct

M · Option Exercise

+5K

Price / share

$12.75

Trade value

$63.75K

% of position

15.8%

3/3/2021

31.74K→36.74K

Common Stock

Direct

S · Sale

−300.00

Price / share

$20.52

Trade value

$6.16K

% of position

0.8%

3/3/2021

36.74K→36.44K

Common Stock

Direct

S · Sale

−200.00

Price / share

$20.52

Trade value

$4.11K

% of position

0.5%

3/3/2021

36.44K→36.24K

Common Stock

Direct

S · Sale

−100.00

Price / share

$20.53

Trade value

$2.05K

% of position

0.3%

3/3/2021

36.24K→36.14K

Common Stock

Direct

S · Sale

−188.00

Price / share

$20.55

Trade value

$3.86K

% of position

0.5%

3/3/2021

36.14K→35.95K

Common Stock

Direct

S · Sale

−30.00

Price / share

$20.55

Trade value

$616.65

% of position

0.1%

3/3/2021

35.95K→35.92K

Common Stock

Direct

S · Sale

−850.00

Price / share

$20.56

Trade value

$17.48K

% of position

2.4%

3/3/2021

35.92K→35.07K

Common Stock

Direct

S · Sale

−20.00

Price / share

$20.57

Trade value

$411.30

% of position

0.1%

3/3/2021

35.07K→35.05K

Common Stock

Direct

S · Sale

−240.00

Price / share

$20.57

Trade value

$4.94K

% of position

0.7%

3/3/2021

35.05K→34.81K

Common Stock

Direct

S · Sale

−200.00

Price / share

$20.58

Trade value

$4.12K

% of position

0.6%

3/3/2021

34.81K→34.61K

Common Stock

Direct

S · Sale

−70.00

Price / share

$20.59

Trade value

$1.44K

% of position

0.2%

3/3/2021

34.61K→34.54K

Common Stock

Direct

S · Sale

−150.00

Price / share

$20.59

Trade value

$3.09K

% of position

0.4%

3/3/2021

34.54K→34.39K

Common Stock

Direct

S · Sale

−70.00

Price / share

$20.59

Trade value

$1.44K

% of position

0.2%

3/3/2021

34.39K→34.32K

Common Stock

Direct

S · Sale

−520.00

Price / share

$20.60

Trade value

$10.71K

% of position

1.5%

3/3/2021

34.32K→33.80K

Common Stock

Direct

S · Sale

−10.00

Price / share

$20.61

Trade value

$206.05

% of position

0.0%

3/3/2021

33.80K→33.79K

Common Stock

Direct

S · Sale

−40.00

Price / share

$20.61

Trade value

$824.40

% of position

0.1%

3/3/2021

33.79K→33.75K

Common Stock

Direct

S · Sale

−100.00

Price / share

$20.61

Trade value

$2.06K

% of position

0.3%

3/3/2021

33.75K→33.65K

Common Stock

Direct

S · Sale

−220.00

Price / share

$20.62

Trade value

$4.54K

% of position

0.7%

3/3/2021

33.65K→33.43K

Common Stock

Direct

S · Sale

−498.00

Price / share

$20.63

Trade value

$10.27K

% of position

1.5%

3/3/2021

33.43K→32.94K

Common Stock

Direct

S · Sale

−292.00

Price / share

$20.63

Trade value

$6.02K

% of position

0.9%

3/3/2021

32.94K→32.64K

Common Stock

Direct

S · Sale

−10.00

Price / share

$20.64

Trade value

$206.35

% of position

0.0%

3/3/2021

32.64K→32.63K

Common Stock

Direct

S · Sale

−750.00

Price / share

$20.64

Trade value

$15.48K

% of position

2.3%

3/3/2021

32.63K→31.88K

Common Stock

Direct

S · Sale

−20.00

Price / share

$20.64

Trade value

$412.90

% of position

0.1%

3/3/2021

31.88K→31.86K

Common Stock

Direct

S · Sale

−865.00

Price / share

$20.65

Trade value

$17.86K

% of position

2.7%

3/3/2021

31.86K→31K

Common Stock

Direct

S · Sale

−900.00

Price / share

$20.66

Trade value

$18.59K

% of position

2.9%

3/3/2021

31K→30.10K

Common Stock

Direct

S · Sale

−487.00

Price / share

$20.67

Trade value

$10.07K

% of position

1.6%

3/3/2021

30.10K→29.61K

Common Stock

Direct

S · Sale

−164.00

Price / share

$20.68

Trade value

$3.39K

% of position

0.6%

3/3/2021

29.61K→29.45K

Common Stock

Direct

S · Sale

−309.00

Price / share

$20.69

Trade value

$6.39K

% of position

1.0%

3/3/2021

29.45K→29.14K

Total

Net shares

−2.60K

Net value

-$93K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	3/3/2021	M · Option Exercise	+5K	$12.75	$63.75K	15.8%	31.74K	36.74K
Common Stock Direct	3/3/2021	S · Sale	−300.00	$20.52	$6.16K	0.8%	36.74K	36.44K
Common Stock Direct	3/3/2021	S · Sale	−200.00	$20.52	$4.11K	0.5%	36.44K	36.24K
Common Stock Direct	3/3/2021	S · Sale	−100.00	$20.53	$2.05K	0.3%	36.24K	36.14K
Common Stock Direct	3/3/2021	S · Sale	−188.00	$20.55	$3.86K	0.5%	36.14K	35.95K
Common Stock Direct	3/3/2021	S · Sale	−30.00	$20.55	$616.65	0.1%	35.95K	35.92K
Common Stock Direct	3/3/2021	S · Sale	−850.00	$20.56	$17.48K	2.4%	35.92K	35.07K
Common Stock Direct	3/3/2021	S · Sale	−20.00	$20.57	$411.30	0.1%	35.07K	35.05K
Common Stock Direct	3/3/2021	S · Sale	−240.00	$20.57	$4.94K	0.7%	35.05K	34.81K
Common Stock Direct	3/3/2021	S · Sale	−200.00	$20.58	$4.12K	0.6%	34.81K	34.61K
Common Stock Direct	3/3/2021	S · Sale	−70.00	$20.59	$1.44K	0.2%	34.61K	34.54K
Common Stock Direct	3/3/2021	S · Sale	−150.00	$20.59	$3.09K	0.4%	34.54K	34.39K
Common Stock Direct	3/3/2021	S · Sale	−70.00	$20.59	$1.44K	0.2%	34.39K	34.32K
Common Stock Direct	3/3/2021	S · Sale	−520.00	$20.60	$10.71K	1.5%	34.32K	33.80K
Common Stock Direct	3/3/2021	S · Sale	−10.00	$20.61	$206.05	0.0%	33.80K	33.79K
Common Stock Direct	3/3/2021	S · Sale	−40.00	$20.61	$824.40	0.1%	33.79K	33.75K
Common Stock Direct	3/3/2021	S · Sale	−100.00	$20.61	$2.06K	0.3%	33.75K	33.65K
Common Stock Direct	3/3/2021	S · Sale	−220.00	$20.62	$4.54K	0.7%	33.65K	33.43K
Common Stock Direct	3/3/2021	S · Sale	−498.00	$20.63	$10.27K	1.5%	33.43K	32.94K
Common Stock Direct	3/3/2021	S · Sale	−292.00	$20.63	$6.02K	0.9%	32.94K	32.64K
Common Stock Direct	3/3/2021	S · Sale	−10.00	$20.64	$206.35	0.0%	32.64K	32.63K
Common Stock Direct	3/3/2021	S · Sale	−750.00	$20.64	$15.48K	2.3%	32.63K	31.88K
Common Stock Direct	3/3/2021	S · Sale	−20.00	$20.64	$412.90	0.1%	31.88K	31.86K
Common Stock Direct	3/3/2021	S · Sale	−865.00	$20.65	$17.86K	2.7%	31.86K	31K
Common Stock Direct	3/3/2021	S · Sale	−900.00	$20.66	$18.59K	2.9%	31K	30.10K
Common Stock Direct	3/3/2021	S · Sale	−487.00	$20.67	$10.07K	1.6%	30.10K	29.61K
Common Stock Direct	3/3/2021	S · Sale	−164.00	$20.68	$3.39K	0.6%	29.61K	29.45K
Common Stock Direct	3/3/2021	S · Sale	−309.00	$20.69	$6.39K	1.0%	29.45K	29.14K
Total			−2.60K		-$93K

Derivative Transactions1

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock

10K shares

−5K

Strike price

12.75

Held after

Exercisable

—

3/3/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options Direct	Common Stock10K shares	3/3/2021	M · Option Exercise	−5K	12.75	—	5K

Non-Derivative Holdings (Post-Transaction)2

Common Stock

Indirect

Shares owned25.97K

Common Stock

Indirect

Shares owned1.38K

Total

27.35K indirect27.35K

Security Title	Shares Owned	Ownership Type
Common Stock	25.97K	Indirect
Common Stock	1.38K	Indirect
Total	27.35K	27.35K indirect

Derivative Holdings (Post-Transaction)1

Stock Options

Direct

Underlying security

Common Stock

Underlying shares

10K

Shares owned

10K

Exercise price

14.98

Expiration

—

Exercise window

—

Total

Underlying

10K

Owned

10K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Options Direct	Common Stock	14.98	—	—	10K	10K
Total					10K	10K