Amalgamated Financial (AMAL): Workers United (10% Owner) Sells Shares

What Happened

• Workers United (reported as a 10% owner through several regional joint boards and funds) sold a total of 132,779 shares of Amalgamated Financial Corp. (AMAL) in three open-market transactions between Aug 31 and Sep 2, 2026.
  • 2026-08-31: 73,535 shares @ $48.12 (weighted avg) — $3,538,460
  • 2026-09-01: 15,000 shares @ $47.28 (weighted avg) — $709,265
  • 2026-09-02: 44,244 shares @ $48.19 (weighted avg) — $2,132,079
• Combined proceeds ≈ $6.38 million. These were sales (not purchases), so they are liquidity/monetization transactions rather than purchases that would be interpreted as a bullish vote.

Key Details

• Transaction dates and price ranges (per footnotes):
  • Aug 31 — reported weighted avg $48.12; individual sales ranged $48.10–$48.25 (F18).
  • Sep 1 — reported weighted avg $47.28; individual sales ranged $47.06–$47.54 (F19).
  • Sep 2 — reported weighted avg $48.19; individual sales ranged $47.85–$48.30 (F20).
• Shares owned after the transactions: not specified in the excerpt provided. (The filing excerpt did not list post-transaction beneficial ownership totals.)
• Notable footnotes/filing mechanics: the filing lists many Reporting Persons (regional boards/funds) and includes disclaimers that individual Reporting Persons may disclaim beneficial ownership beyond their direct holdings (F15–F17). This filing is the first of two identical reports filed to accommodate SEC system limits on joint filers.
• Filing timeliness: report filed 2026-09-02 covering transactions through 2026-09-02; appears timely based on the dates shown.

Context

• This is an institutional/organizational seller (Workers United and affiliated regional boards/funds), not an individual corporate insider or executive. Institutional sales often reflect portfolio rebalancing or liquidity needs and should not be read automatically as management sentiment about the company.
• Weighted average prices and ranges indicate the sales were executed in multiple trades across each date; the filer offers to provide per-trade details on request (per footnotes F18–F20).