Golden Robert 4

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.