Katz Michael David M.D. 4

What Happened
Michael D. Katz, a director of Hanover Bancorp, Inc. (HNVR), was granted 1,592 shares of restricted stock on February 5, 2026. The grant was reported at $0.00 per share (award/grant), meaning no cash purchase was made — this is a compensation award rather than a market buy or sale.

Key Details

• Transaction date: 2026-02-05. Transaction type: Award/Grant (code A). Report filed: 2026-02-09 (filed within the SEC’s two-business-day window).
• Shares granted: 1,592 shares; reported acquisition price: $0.00 (grant).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: The award is restricted stock subject to forfeiture, vesting in three equal installments: 1/3 on March 1, 2027; 1/3 on March 1, 2028; and 1/3 on March 1, 2029.

Context
Restricted stock grants to directors are common components of compensation and are subject to forfeiture until they vest, so they are not immediately liquid. This type of award is different from an open‑market purchase (which some investors view as a stronger bullish signal); it primarily reflects compensation terms set by the company.