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Amalgamated Financial holder plans $1.75M sale

A 10% shareholder of Amalgamated Financial Corp. has filed to sell 36,000 AMAL shares under Rule 144 in a secondary market transaction.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Amalgamated Financial Corp. (AMAL) has a proposed secondary sale by a large shareholder. Pennsylvania Joint Board, Workers United, identified as a 10% shareholder, has filed a notice to sell 36,000 shares of common stock of Amalgamated Financial Corp. under Rule 144 through Keefe, Bruyette & Woods on NASDAQ, with an indicated aggregate market value of $1,749,440. The shares were originally acquired from the issuer in August 2018 in connection with a reorganization. Various related Workers United regional entities are noted and each disclaims beneficial ownership of securities not directly owned by it.

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Shares proposed to be sold 36,000 shares Common Stock, par value $0.01 per share, filed for sale under Rule 144
Aggregate market value of proposed sale $1,749,440.00 Indicated value for 36,000 Amalgamated Financial Corp. shares
Shareholder status 10% shareholder Pennsylvania Joint Board, Workers United identified as 10% shareholder
Proposed sale date September 4, 2026 Date associated with NASDAQ sale of 36,000 shares
Acquisition date of shares August 19, 2018 Shares acquired in a reorganization transaction with 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 financial
"10% Shareholder 144: Securities Information"
beneficial ownership financial
"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 Exchange Act"

FAQ

What does the Form 144 filing mean for Amalgamated Financial Corp. (AMAL)?

The filing reports that Pennsylvania Joint Board, Workers United, a 10% shareholder, plans to sell 36,000 shares of Amalgamated Financial Corp. common stock under Rule 144. This is a shareholder resale and does not involve the company issuing new shares.

How many AMAL shares are planned to be sold and at what value?

Pennsylvania Joint Board, Workers United has noticed a proposed sale of 36,000 shares of Amalgamated Financial Corp. common stock, with an indicated aggregate market value of $1,749,440.00 for the transaction.

Who is the selling security holder in this Amalgamated Financial Corp. Form 144?

The selling security holder is Pennsylvania Joint Board, Workers United, identified as a 10% shareholder of Amalgamated Financial Corp. The notice is signed on its behalf by Lynne Fox acting under a power of attorney.

When were the AMAL shares to be sold under this Form 144 originally acquired?

The Form 144 states that the 36,000 shares of Amalgamated Financial Corp. common stock were acquired on August 19, 2018 in a reorganization transaction with the issuer, with consideration listed as cash on a related August 9, 2018 date.

Which broker is handling the planned sale of AMAL shares under this Form 144?

The planned sale of 36,000 Amalgamated Financial Corp. common shares is listed as being through Keefe, Bruyette & Woods, Inc., with trading on NASDAQ and a proposed sale date of September 4, 2026.

What does the group and beneficial ownership disclaimer mean in the AMAL Form 144?

The notice states that various Workers United regional entities may be deemed a “group” under the Exchange Act, but each disclaims beneficial ownership of securities not directly owned. It also says the report is not an admission of group membership or beneficial ownership beyond directly owned shares.

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

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