AMAL Form 4: EVP Searby discloses 3,512-share sale under 10b5-1 plan

Rhea-AI Filing Summary

Sean Searby, EVP Chief Information & Operations Officer of Amalgamated Financial Corp. (AMAL), reported the sale of 3,512 shares of AMAL common stock on 08/27/2025. The sale was executed under a Rule 10b5-1 trading plan adopted on 04/29/2025, and the Form 4 reports a weighted average sale price of $29.6787 with individual trade prices ranging from $29.78 to $29.53. Following the reported transactions, the filing lists 8,790.58 shares as beneficially owned by the reporting person. The Form 4 is signed by the reporting person on 08/28/2025 and includes an undertaking to provide detailed per-price sale quantities upon request.

Positive

• Transaction executed under a Rule 10b5-1 trading plan, indicating a pre-established compliance mechanism.
• Weighted average price and price range disclosed ($29.6787; $29.78–$29.53), with an undertaking to provide per-price quantities upon request, improving transparency.
• Form 4 was signed by the reporting person, showing timely and complete Section 16 reporting.

Negative

• Insider sold 3,512 shares, reducing the reporting person’s beneficial ownership.
• Beneficial ownership reported as 8,790.58 shares, which reflects a reduced insider stake after the sale.

Insights

Financial Analyst

TL;DR: Insider sold 3,512 AMAL shares via a pre-established 10b5-1 plan; transaction appears routine and disclosed under SEC rules.

The sale of 3,512 shares at a weighted average price of $29.6787 is explicitly reported and was conducted pursuant to a Rule 10b5-1 trading plan adopted on 04/29/2025, which provides an affirmative defense under insider trading rules. The filer discloses the price range ($29.78–$29.53) and offers to supply per-price quantities if requested, improving transparency. The reported remaining beneficial ownership is 8,790.58 shares as of the filing. From an earnings and valuation perspective there is no additional financial data in this filing to assess material impact on the company.

Corporate Governance Expert

TL;DR: The transaction follows a documented 10b5-1 plan and was timely reported, reflecting compliance with Section 16 disclosure obligations.

The Form 4 shows adherence to required disclosure protocols: the reporting person identifies title and address, checks the 10b5-1 plan box, lists the plan adoption date, and signs the form. The explicit offer to provide granular sale information upon request is a governance-positive transparency move. The filing does not indicate any amendment or additional related-party transactions. No governance red flags are present within the content provided.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Searby Sean

(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)
	EVP Chief Info. & Ops. Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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	08/27/2025		S		3,512	D	$29.6787(1)	8,790.58	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. The sale was carried out pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 04/29/2025. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.78 - $29.53. The reporting person undertakes to provide to AMAL, any security holder of AMAL, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.

Remarks:

	/s/Sean Searby	08/28/2025
	** 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 did AMAL insider Sean Searby report on Form 4?

The Form 4 reports that Sean Searby sold 3,512 shares of AMAL common stock on 08/27/2025 under a Rule 10b5-1 plan.

Was the sale of AMAL shares executed under a trading plan?

Yes. The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on 04/29/2025.

At what price were AMAL shares sold in the Form 4 transaction?

The Form 4 reports a weighted average price of $29.6787, with individual trades ranging from $29.78 to $29.53.

How many AMAL shares does the reporting person beneficially own after the sale?

The filing lists 8,790.58 shares as beneficially owned following the reported transactions.

Is additional detail about each trade price available?

The reporting person states they will provide detailed per-price sale quantities to AMAL, any AMAL security holder, or the SEC staff upon request.