☒ |
Rule 13d-1(b)
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☐ |
Rule 13d-1(c)
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☐ |
Rule 13d-1(d)
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CUSIP NO. 55977T 208
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13G
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Page 2 of 5 Pages
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1
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Names of Reporting Persons
Magyar Bank
Employee Stock Ownership Plan Trust
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ☐
(b) ☒
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3
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SEC Use Only
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4
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Citizenship or Place of Organization
New Jersey
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Number of Shares Beneficially Owned by Each Reporting Person With:
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5
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Sole Voting Power
302,373
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6
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Shared Voting Power
187,887
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7
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Sole Dispositive Power
420,436
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8
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Shared Dispositive Power
69,824
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
490,260
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10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐
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11
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Percent of Class Represented by Amount in Row 9
6.91% of 7,097,825 shares of Common Stock outstanding as of December 31, 2021.
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12
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Type of Reporting Person (See Instructions)
EP
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CUSIP NO. 55977T 208
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13G
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Page 3 of 5 Pages
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(a) |
Name of Issuer
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(b) |
Address of Issuer’s Principal Executive Offices
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(a) |
Name of Person Filing
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(b) |
Address of Principal Business Office
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(c) |
Citizenship or Place of Organization
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(d) |
Title of Class of Securities
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(e) |
CUSIP Number
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Item 3. |
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b, or (c), check whether the person filing is a:
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CUSIP NO. 55977T 208
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13G
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Page 4 of 5 Pages
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Item 4. |
Ownership
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(a) |
Amount beneficially owned: See Page 2, Item 9.
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(b) |
Percent of class: See Page 2, Item 11.
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(c) |
Number of shares as to which the person has:
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(i) |
Sole power to vote or to direct the vote: See Page 2, Number 5.
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(ii) |
Shared power to vote or to direct the vote: See Page 2, Number 6.
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(iii) |
Sole power to dispose or to direct the disposition of: See Page 2, Number 7.
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(iv) |
Shared power to dispose or to direct the disposition of: See Page 2, Number 8.
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Item 5. |
Ownership of Five Percent or Less of a Class
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Item 6. |
Ownership of More Than Five Percent on Behalf of Another Person
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
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Item 8. |
Identification and Classification of Members of the Group
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Item 9. |
Notice of Dissolution of Group
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Item 10. |
Certification
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CUSIP NO. 55977T 208
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13G
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Page 5 of 5 Pages
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MAGYAR BANK EMPLOYEE STOCK OWNERSHIP PLAN TRUST
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Date: January 28, 2022
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By: TI-Trust, Inc., Trustee
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/s/ Craig Baker |
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Name: Craig Baker
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Title: Senior Trust Officer
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