Golden Robert 4

What Happened Robert Golden, a director of Hanover Bancorp (HNVR), sold a total of 1,200 shares in two open‑market transactions (500 shares on Feb 5 at $23.50 and 700 shares on Feb 6 at $23.60) for aggregate proceeds of $28,270. On Feb 5 he also received an award of 1,592 restricted shares (grant price $0.00) that vest 1/3 on each of March 1, 2027, 2028 and 2029. The sales are dispositions (routine insider selling) while the award is a standard restricted stock grant.

Key Details

• Transaction dates and prices:
  • Feb 5, 2026: sold 500 shares @ $23.50 = $11,750; also granted 1,592 restricted shares @ $0.00.
  • Feb 6, 2026: sold 700 shares @ $23.60 = $16,520.
• Total proceeds from sales: $28,270.
• Restricted award terms (F1): 1,592 shares subject to forfeiture, vesting 1/3 on Mar 1 of 2027, 2028, 2029.
• Holdings called out in footnotes (totaling 384,983 shares across trusts, an LLC and spouse holdings: F2–F8); the filing also notes the recent 1,592‑share award.
• Filing: Report filed Feb 9, 2026; transactions occurred Feb 5 and Feb 6 — the Form 4 was submitted within the required 2-business‑day window.
• No 10b5‑1 plan, tax‑withholding sale, or other special codes are indicated in the filing.

Context

• Sales are small relative to the aggregate holdings listed and are typical insider dispositions; purchases or grants are generally more informative as bullish signals. The restricted stock award will vest over three years, so those shares are not immediately tradeable. This filing is informational and does not disclose Golden’s motivation for the sales or the award.