Golden Robert 4
4 · Hanover Bancorp, Inc. /MD · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Hanover Bancorp (HNVR) Director Robert Golden Sells Shares
What Happened
Robert Golden, a director of Hanover Bancorp, sold a total of 3,271 common shares in two open-market transactions. On 2026-05-19 he sold 2,259 shares at a weighted-average price of $22.79 (proceeds ~$51,483) and on 2026-05-20 he sold 1,012 shares at $23.01 (proceeds ~$23,291). These were outright sales (code S) — not purchases or option exercises.
Key Details
- Transaction dates and amounts:
- 2026-05-19: 2,259 shares sold @ $22.79 (weighted average); proceeds ≈ $51,483. Footnote notes this was two separate prices: $22.7498 and $22.825.
- 2026-05-20: 1,012 shares sold @ $23.01; proceeds ≈ $23,291.
- Total sold: 3,271 shares for total proceeds of ≈ $74,774.
- Holdings after transaction: Form 4 footnotes indicate substantial remaining beneficial holdings. Aggregating items expressly described as for the reporting person or controlled by him yields at least 265,368 shares (e.g., 195,358 in trusts for his benefit, 42,771 in an LLC he controls, 25,000 held by spouse, 2,239 in a descendant trust). Other trust-held shares where he is trustee (or held for family members) are disclosed separately.
- Notable footnotes: F1 explains the weighted-average price breakdown; F2–F8 detail various trust/LLC/spouse holdings.
- Timeliness: Report filed 2026-05-21 covering transactions on 2026-05-19 and 2026-05-20 — appears timely (no late filing indicated).
Context
This filing documents routine open-market sales by a director. Sales do not by themselves signal company prospects; purchases are generally more informative for bullish sentiment. The footnotes clarify allocation of holdings across trusts, family accounts, and an LLC, which is common for insiders and can affect how many shares the insider is treated as beneficially owning.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-05-19$22.79/sh−2,259$51,483→ 34,009 total - Sale
Common Stock
2026-05-20$23.01/sh−1,012$23,291→ 32,997 total
- 195,358(indirect: See Footnote 2)
Common Stock
[F2] - 80,769(indirect: See Footnote 3)
Common Stock
[F3] - 42,771(indirect: See Footnote 4)
Common Stock
[F4] - 25,000(indirect: See Footnote 5)
Common Stock
[F5] - 2,239(indirect: See Footnote 6)
Common Stock
[F6] - 8,846(indirect: See Footnote 7)
Common Stock
[F7] - 30,000(indirect: See Footnote 8)
Common Stock
[F8]
Footnotes (8)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in two separate transactions at prices of $22.7498 and $22.825, inclusive. The reporting person undertakes to provide to Hanover Bancorp, Inc., any security holder of Hanover Bancorp, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price mentioned within this footnote.
- [F2]195,358 shares held in trusts for the benefit of the Reporting Person, and of which the spouse of the Reporting Person is a trustee.
- [F3]80,769 shares held in various trusts for the benefit of the sibling of the Reporting Person, and of which the Reporting Person is a trustee.
- [F4]42,771 shares held by a limited liability company which is controlled by the Reporting Person.
- [F5]25,000 shares held by the spouse of the Reporting Person.
- [F6]2,239 shares held by a trust for the benefit of the Reporting Person and his descendants, and of which the Reporting Person and an unrelated third party are trustees.
- [F7]8,846 shares held in various trusts for the benefit of the children of the Reporting Person, and of which the Reporting Person is a trustee.
- [F8]30,000 shares held in various trusts for the benefit of the children of the Reporting Person, and of which the spouse of the Reporting Person is a trustee.