Golden Robert 4
4 · Hanover Bancorp, Inc. /MD · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Hanover Bancorp (HNVR) Director Robert Golden Sells 1,847 Shares
What Happened
Robert Golden, a director of Hanover Bancorp, sold 1,847 shares in an open-market transaction on June 2, 2026, at $23.10 per share, for a total of approximately $42,668. The filing indicates the shares sold came from the reporting person's direct holdings (footnote F1). This was a sale (not a purchase or option exercise), which is commonly routine insider selling.
Key Details
- Transaction date: June 2, 2026. Filed: June 4, 2026 (timely filing).
- Price and value: 1,847 shares at $23.10 each; total proceeds ≈ $42,668.
- Transaction type/code: Open-market sale (S). Shares sold from the reporting person's direct holdings (F1).
- Shares owned after transaction: Not explicitly stated in the transaction section of the filing.
- Notable footnotes summarizing other holdings disclosed in the filing:
- F2: 195,358 shares held in trusts for the reporting person (spouse is trustee).
- F3: 80,769 shares in trusts for a sibling (reporting person is trustee).
- F4: 42,771 shares held by an LLC controlled by the reporting person.
- F5: 25,000 shares held by the spouse.
- F6: 2,239 shares in a trust for reporting person and descendants (co-trustee).
- F7: 8,846 shares in trusts for the reporting person’s children (reporting person trustee).
- F8: 30,000 shares in trusts for the reporting person’s children (spouse trustee).
- Combined, the footnotes reference approximately 384,983 shares held across trusts/LLC/spouse (these figures come from the filing’s footnotes and do not necessarily equal total post-transaction ownership).
- No 10b5-1 plan, tax-withholding, or exercise/gift language was disclosed.
Context
This was a straightforward sale of a relatively small number of shares (1,847) and a modest dollar amount (~$42.7k). Such routine open-market sales by directors can reflect many personal reasons (liquidity, diversification, taxes) and are not, by themselves, a clear signal about the company’s prospects. The filing shows substantial related-party holdings in trusts and an LLC, indicating the insider continues to have meaningful exposure to the company.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-02$23.10/sh−1,847$42,668→ 28,341 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.