Earnings Feed
Start Free
Hanover Bancorp, Inc. /MD·4

Jun 4, 4:02 PM ET

Golden Robert 4

Research Summary

AI-generated summary

Updated

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.