Amalgamated Financial (AMAL) — Western States Regional Joint Board Sells Shares

What Happened
Western States Regional Joint Board, Workers United (a Reporting Person and part of a group that holds ≥10%) sold a total of 132,779 shares of Amalgamated Financial Corp. (AMAL) in open‑market transactions across three days. The sales were: 73,535 shares on 2026‑08‑31 at a weighted average price of $48.12 (proceeds ≈ $3,538,460); 15,000 shares on 2026‑09‑01 at $47.28 (≈ $709,265); and 44,244 shares on 2026‑09‑02 at $48.19 (≈ $2,132,079). Total proceeds across the three disposals are about $6.38 million. These were sales (not purchases), so they are generally routine dispositions by an institutional holder rather than a bullish insider purchase.

Key Details

• Transaction dates and weighted average prices:
  • 2026‑08‑31 — 73,535 shares @ $48.12 (range reported: $48.10–$48.25) — F18
  • 2026‑09‑01 — 15,000 shares @ $47.28 (range reported: $47.06–$47.54) — F19
  • 2026‑09‑02 — 44,244 shares @ $48.19 (range reported: $47.85–$48.30) — F20
• Total shares sold: 132,779; approximate total proceeds: $6,379,804.
• Shares owned after the transactions: not specified in the excerpt of this filing (see the full Form 4 for post‑transaction holdings).
• Filing notes/footnotes: the reported shares were directly owned by Western States (F11); multiple Reporting Persons are included and disclaim beneficial ownership beyond their direct holdings (F15–F17). The prices shown are weighted averages and were sold in multiple transactions within the ranges noted (F18–F20).
• Administrative note: this report is the second of two identical filings submitted to accommodate the SEC electronic‑filing limit on joint filers.
• Timeliness: filing is flagged as late (transactionTimeliness = 'L').

Context

• This is institutional (10% owner) selling activity by a labor‑union affiliated reporting group, not a corporate executive. Such sales are often routine rebalancing or liquidity events and don’t necessarily indicate management view of the company’s prospects.
• No options exercise, gifts, or awards are involved here — these transactions are outright open‑market sales.