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Workers United plans $6.5M Amalgamated share sale

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Amalgamated Financial Corp. (AMAL) received a Rule 144 notice from 10% shareholder Workers United regarding a planned resale of common stock. Workers United intends to sell up to 132,779 shares of Amalgamated Financial Corp. common stock, par value $0.01 per share, through broker Keefe, Bruyette & Woods, Inc.

The notice lists an aggregate market value of approximately $6,465,010.00 for the shares to be sold and states that Amalgamated Financial Corp. had 29,900,147 shares outstanding. The approximate date of sale is given as August 31, 2026, with sales expected to occur on NASDAQ pursuant to Rule 144.

Positive

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Shares to be sold 132,779 shares of common stock Maximum number of Amalgamated Financial Corp. shares to be sold under Rule 144
Aggregate market value $6,465,010.00 Aggregate market value of the 132,779 shares to be sold
Shares outstanding 29,900,147 shares Amalgamated Financial Corp. shares outstanding as referenced in the notice
Approximate date of sale 08/31/2026 Approximate date when the Rule 144 sales may occur
Security type Common Stock, par value $0.01 per share Class of Amalgamated Financial Corp. securities covered by the notice
Acquisition date 08/19/2018 Date the securities were acquired in a Reorganization from the issuer
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
10% Shareholder regulatory
"In addition, information shall be given as to sales by all persons whose sales"
aggregate market value financial
"Common Stock... | 132779 | 6465010.00 | 29900147 | 08/31/2026"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
beneficial ownership regulatory
"Each such person disclaims beneficial ownership of any securities deemed to be owned"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
group regulatory
"may be deemed to be a member of a "group" for purposes of the Securities"

FAQ

How many AMAL shares does Workers United plan to sell under this Form 144?

Workers United plans to sell up to 132,779 shares of Amalgamated Financial Corp. common stock under this Rule 144 notice. This is a proposed maximum amount and represents shares currently held for resale by the 10% shareholder.

What is the aggregate market value of the AMAL shares covered by the Form 144?

The Form 144 lists an aggregate market value of $6,465,010.00 for the 132,779 AMAL shares proposed to be sold. This value is based on the market price referenced in the notice for purposes of the Rule 144 filing.

How many AMAL shares were outstanding according to the Form 144?

The notice states that Amalgamated Financial Corp. had 29,900,147 shares outstanding at the time referenced. This figure provides context for the size of the 132,779-share proposed Rule 144 sale relative to total shares outstanding.

When may the AMAL shares be sold under this Form 144 notice?

The notice identifies an approximate date of sale of August 31, 2026. Sales of the 132,779 AMAL shares are expected to be made on NASDAQ, subject to the conditions and limitations of Rule 144.

Who is the broker for the AMAL shares to be sold under Rule 144?

The designated broker is Keefe, Bruyette & Woods, Inc., located in New York. The Form 144 indicates that this firm will handle potential sales of the 132,779 shares of Amalgamated Financial Corp. common stock on NASDAQ.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature