Golden Robert 4
4 · Hanover Bancorp, Inc. /MD · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Hanover Bancorp (HNVR) Director Robert Golden Sells Shares
What Happened
Director Robert Golden reported two open-market sales of Hanover Bancorp (HNVR) common stock. On 2026-06-12 he sold 3,763 shares at $24.02 (reported proceeds $90,379) and on 2026-06-15 he sold 661 shares at $24.21 (reported proceeds $16,005), for total proceeds of about $106,384. The filing indicates these shares were sold from a trust for the benefit of the reporting person (see footnote F1). These were sales (not purchases), which are often routine liquidity or estate-management transactions.
Key Details
- Transaction dates and prices: 6/12/2026 — 3,763 shares @ $24.02 (reported $90,379); 6/15/2026 — 661 shares @ $24.21 (reported $16,005).
- Total shares sold: 4,424; total reported proceeds: ~$106,384.
- Shares owned after transaction: the Form 4 did not state a single “shares owned following” figure. Footnotes list beneficial holdings, including:
- 182,515 shares held in trusts for the reporting person (F2)
- 42,771 shares held by an LLC controlled by the reporting person (F4)
- 2,239 shares in a trust for the reporting person and descendants (F6)
- 8,846 shares in trusts for the reporting person’s children (F7)
- 30,000 shares in trusts for the children with the spouse as trustee (F8)
- 25,000 shares held by the reporting person’s spouse (F5)
- 80,769 shares held in trusts for a sibling for which the reporting person is trustee (F3)
- Notable footnote: F1 confirms the sold shares were from a trust for the reporting person’s benefit.
- Filing timeliness: Report filed 2026-06-16 covering transactions on 6/12 and 6/15; this filing date is within the SEC’s two-business-day window and appears timely.
Context
These transactions were outright sales from a trust, not option exercises, gifts, or award-related disposals. Sales by insiders can reflect personal liquidity needs or trust/estate management and do not necessarily indicate a change in view about the company’s prospects. Purchases are generally more informative about bullish insider sentiment.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-12$24.02/sh−3,763$90,379→ 183,176 total(indirect: See Footnote 2) - Sale
Common Stock
[F1][F2]2026-06-15$24.21/sh−661$16,005→ 182,515 total(indirect: See Footnote 2)
- 28,341
Common Stock
- 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 a trust for the benefit of the Reporting Person.
- [F2]182,515 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.