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Amalgamated holder plans sale of 50,000 shares

A 10% shareholder has filed a Rule 144 notice to sell 50,000 AMAL common shares with an indicated market value of about $2.46 million.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Amalgamated Financial Corp. (AMAL) has a notice of proposed sale of common stock filed on behalf of Philadelphia Joint Board, Workers United, identified as a 10% shareholder. The filing covers the planned sale of 50,000 shares of common stock, par value $0.01 per share, through Keefe, Bruyette & Woods, Inc. on the NASDAQ market. The shares were originally acquired from the issuer in a reorganization completed on August 19, 2018, for cash. An aggregate market value of $2,458,500 is reported for the proposed sale, with 29,900,147 shares of common stock stated in the securities information section.

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Shares proposed to be sold 50,000 shares Common Stock, par value $0.01 per share, under Rule 144
Aggregate market value of shares to be sold $2,458,500.00 Reported in the securities information section for the 50,000 shares
Shares referenced in securities information 29,900,147 shares Common stock figure listed with the proposed sale information
Planned sale date September 8, 2026 Date listed in the securities information section
Acquisition date of shares August 19, 2018 Date of acquisition in a reorganization from the issuer for cash
Holder status 10% shareholder Status of Philadelphia Joint Board, Workers United
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.
beneficial ownership financial
"Each such person disclaims beneficial ownership of any securities deemed"
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"

FAQ

What does the Form 144 filing for AMAL disclose about the planned stock sale?

The notice states that Philadelphia Joint Board, Workers United plans to sell 50,000 shares of Amalgamated Financial Corp. common stock, par value $0.01 per share, under Rule 144 through Keefe, Bruyette & Woods, Inc. on the NASDAQ market.

Who is selling Amalgamated Financial Corp. (AMAL) shares in this Form 144?

The seller is Philadelphia Joint Board, Workers United, identified as a 10% shareholder. The notice is signed "Philadelphia Joint Board, Workers United, By: /s/ Lynne Fox, Manager."

How many AMAL shares are covered and what is their reported value?

The filing covers 50,000 shares of AMAL common stock with an aggregate market value reported as $2,458,500.00 in the securities information section.

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

The securities information states the 50,000 AMAL common shares were acquired on August 19, 2018 in a reorganization transaction from the issuer for cash.

What share count for Amalgamated Financial Corp. is referenced in the Form 144?

The securities information section references 29,900,147 shares of Amalgamated Financial Corp. common stock in connection with the notice. This figure is presented along with the proposed sale details.

What does the Form 144 say about group or beneficial ownership for AMAL?

The remarks state that various Workers United regional entities may be deemed members of a "group" for Securities Exchange Act purposes and each disclaims beneficial ownership of any securities deemed owned by the group that are not directly owned by that person.

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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