CEO Charles Schmalz and Spouse Disclose 9.9% Stake in EWSB Bancorp After $676K Subscription Offering Purchase
EWSB sits 24% above its 52-week low of $8.45 on light trading volume (0.3× avg).
Summary
EWSB Bancorp's CEO Charles Schmalz and his wife Dana have disclosed a 9.9% stake after purchasing $676,410 in shares at $10 each in a June subscription offering. The insider buying adds to a wave of recent insider and activist accumulation.
Key Events · Ownership and Investor Activity · EWSB
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CEO and Spouse Disclose 9.9% Stake
Charles D. Schmalz (President, CEO, and Director of East Wisconsin Savings Bank) and Dana Schmalz jointly own 100,394 shares, or 9.9% of EWSB Bancorp's outstanding common stock.
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$676K Insider Purchase at $10/Share
The stake was acquired entirely through a June 29, 2026 subscription offering: Charles Schmalz bought 8,500 shares for $85,000 and Dana Schmalz bought 59,141 shares for $591,410, all at $10 per share.
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Part of Broader Insider Buying Wave
This filing follows recent 13D disclosures by activist J. David Rosenberg (5.74% stake) and insider families Mangold (9.67%) and Schneider (9.58%), all accumulating shares in the past month.
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CEO's Personal Capital at Risk
The Schmalz family used personal funds for the purchase, aligning the CEO's interests with shareholders as the bank works to resolve regulatory capital compliance issues.
Analysis · EWSB · Finance
Charles Schmalz, President and CEO of East Wisconsin Savings Bank (EWSB Bancorp's wholly-owned subsidiary), and his wife Dana have disclosed a combined 9.9% ownership stake in the company. The shares were acquired on June 29, 2026, through a subscription offering at $10 per share — Charles bought 8,500 shares ($85,000) and Dana bought 59,141 shares ($591,410), totaling $676,410. This is the first public disclosure of the Schmalz family's position, and it comes amid a flurry of insider and activist buying: just weeks ago, activist investor J. David Rosenberg disclosed a 5.74% stake, and two other insider families (Mangold and Schneider) each disclosed near-10% stakes. The CEO's personal investment of nearly $700,000 at the offering price signals strong conviction in the bank's turnaround, especially given its recent capital raises and ongoing regulatory compliance challenges.
At the time of this filing, EWSB was trading at $10.50 on OTC in the Finance sector. The 52-week trading range was $8.45 to $11.75. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.