Golden Robert 4
4 · Hanover Bancorp, Inc. /MD · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
Hanover Bancorp (HNVR) Director Robert Golden Sells 1,295 Shares
What Happened
Robert Golden, a director of Hanover Bancorp, reported the sale of 1,295 shares on May 27, 2026. The shares were disposed at $23.53 each for a total transaction value of $30,471. The filing indicates the shares were sold from the reporting person’s direct holdings (footnote F1). This was a sale (S) rather than a purchase.
Key Details
- Transaction date and price: May 27, 2026 — 1,295 shares at $23.53 per share (total $30,471).
- Shares owned after transaction: Not specified in the Form 4.
- Filing date / timeliness: Report filed May 29, 2026 (two days after the trade), which appears timely under Form 4 rules.
- Footnotes of note:
- F1: Sale came from the reporting person’s direct holdings.
- F2–F8: The filing discloses substantial related-party/trust/LLC holdings: 195,358; 80,769; 42,771; 25,000; 2,239; 8,846; and 30,000 shares, respectively — a combined 384,983 shares across those accounts. The sold shares were a small fraction of those disclosed holdings (~0.34% of the 384,983 footnoted shares).
- No indication in the filing of a 10b5-1 plan, tax withholding, gift, or option exercise related to this transaction.
Context
This was a straightforward sale from direct holdings. Sales by insiders can be routine (liquidity needs, portfolio rebalancing, estate planning, etc.) and do not by themselves indicate the company’s outlook. There were no option exercises, awards, or gifts reported in this filing.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-05-27$23.53/sh−1,295$30,471→ 31,702 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]These shares were sold from the Reporting Person's direct holdings.
- [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.