Golden Robert 4

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.