Insider Sam Brown at Amalgamated (NASDAQ: AMAL) sells 5,151 shares

Rhea-AI Filing Summary

Amalgamated Financial Corp. SEVP and Chief Banking Officer Sam Brown reported vesting of performance stock units and a related stock sale. On January 20, 2026, he acquired 4,004 shares of Common Stock at $0 upon release of performance stock units, with 1,524 shares withheld at $32.03 to cover obligations tied to that release. On January 21, 2026, he sold 5,151 shares of Common Stock at $35.50 per share under a pre-arranged Rule 10b5-1 trading plan. After these transactions, he directly beneficially owned 53,232.39 shares of Common Stock, which includes amounts accumulated through an employee stock purchase program, a dividend reinvestment program, and a small balance of deferred restricted stock units.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brown Sam D.

(Last) (First) (Middle)

275 7TH AVENUE

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Amalgamated Financial Corp. [ AMAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEVP, Chief Banking Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/20/2026		A		4,004	A(1)	$0	59,907.39	D
Common Stock	01/20/2026		F		1,524	D(2)	$32.03	58,383.39	D
Common Stock	01/21/2026		S		5,151(3)	D	$35.5	53,232.39(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents performance stock units that vested on January 1, 2026, and were approved for release by the Company's Compensation Committee on January 20, 2026.

2. Represents the shares withheld related to the release of performance stock units.

3. The disposition reported in this Form 4 was done pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 01/15/2025.

4. The total reported in Column 5 includes 163.88 shares of Common Stock, acquired by the reporting owner through the Employee Stock Purchase Program, 102.96 shares of Common Stock, acquired by the reporting owner through a dividend reinvestment program, assigned to Common Stock, and 9.88 outstanding Restricted Stock Units, acquired by the reporting person under a dividend reinvestment program, assigned to deferred Restricted Stock Units.

Remarks:

	/s/ Sam Brown	01/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did AMAL executive Sam Brown report in this Form 4?

Sam Brown, SEVP and Chief Banking Officer of Amalgamated Financial Corp. (AMAL), reported the vesting of performance stock units into 4,004 shares of Common Stock, tax withholding of 1,524 shares, and the sale of 5,151 shares of Common Stock.

How many Amalgamated Financial (AMAL) shares did Sam Brown sell and at what price?

On January 21, 2026, Sam Brown sold 5,151 shares of Amalgamated Financial Corp. Common Stock at a price of $35.50 per share.

Were Sam Brown’s AMAL share sales under a Rule 10b5-1 trading plan?

Yes. A footnote states that the 5,151-share disposition reported in this Form 4 was conducted under a Rule 10b5-1 trading plan adopted by Sam Brown on January 15, 2025.

What performance stock unit activity did AMAL disclose for Sam Brown?

The filing explains that performance stock units vested on January 1, 2026 and were approved for release on January 20, 2026, resulting in an award of 4,004 shares of Common Stock to Sam Brown.

How many Amalgamated Financial (AMAL) shares does Sam Brown own after these transactions?

Following the reported transactions, Sam Brown directly beneficially owned 53,232.39 shares of Amalgamated Financial Corp. Common Stock.

What programs contribute to Sam Brown’s total reported AMAL share holdings?

A footnote states the total includes 163.88 shares from an Employee Stock Purchase Program, 102.96 shares from a dividend reinvestment program assigned to Common Stock, and 9.88 outstanding Restricted Stock Units assigned to deferred restricted stock units.