Amalgamated Financial (NASDAQ: AMAL) legal chief sells 5,242 shares of stock

Rhea-AI Filing Summary

Amalgamated Financial Corp. executive Mandy Tenner, EVP and Chief Legal Officer, reported selling 5,242 shares of common stock on August 7, 2025 in open-market transactions at weighted average prices around $27.46 per share. After these sales, Tenner directly holds 12,911.24 shares of Amalgamated Financial common stock.

Insights

Corporate Governance Expert

TL;DR: Executive sold 5,242 shares in two blocks at ~ $27.46; disclosure includes ESPP and dividend-plan shares in post-sale totals.

The sales are clearly disclosed and accompanied by weighted-average prices and execution ranges, which enhances transparency. The reporting person remains an officer and reports substantial residual holdings per the form. Because the filing includes specific price ranges and confirms availability of detailed allocation information on request, corporate governance standards for Section 16 disclosures are met.

Securities Analyst

TL;DR: Insider sales of 5,242 shares at roughly $27.46 reduce holdings but are routine based on the filing's footnotes.

The transaction sizes (1,576 and 3,666 shares) and reported weighted-average prices are explicit. Footnote detail that 39 ESPP shares and 17.24 dividend-reimbursement shares are included in reported totals helps clarify reported beneficial ownership. There is no additional context in the filing about intent or planned sales, so the market impact is likely limited absent other material disclosures.

Insider Trade Summary

Net Seller: 5,242 shares

Net Sell 2 txns

Insider Tenner Mandy

Role EVP, Chief Legal Officer

Sold 5,242 shs ($144K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,576	$27.4599	$43K
Sale	Common Stock	3,666	$27.4583	$101K

Holdings After Transaction: Common Stock — 12,911.24 shares (Direct)

Footnotes (3)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.61 - $27.33. 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.
2. F2. The total reported in Column 5 of this Form 4 includes 39 shares of common stock, acquired by the reporting person under the Company's employee stock purchase program, in Q1 of 2025, and 17.24 shares of common stock, acquired by the reporting person under the Company's dividend reimbursement plan, in Q2 of 2025.
3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.59 - $27.35. 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 (2) to this Form 4.

Key Figures

Total shares sold: 5,242 shares First sale block: 1,576 shares Second sale block: 3,666 shares +5 more

8 metrics

Total shares sold 5,242 shares Combined sales of common stock on August 7, 2025

First sale block 1,576 shares Common stock sold in one transaction group on August 7, 2025

Second sale block 3,666 shares Common stock sold in a second transaction group on August 7, 2025

Weighted average price block 1 $27.4599 per share Reported weighted average sale price for one group of trades

Weighted average price block 2 $27.4583 per share Reported weighted average sale price for another group of trades

Post-transaction holdings 12,911.24 shares Direct common stock held by Mandy Tenner after the reported sales

ESPP shares acquired 39 shares Common stock acquired in Q1 2025 via employee stock purchase program

Dividend plan shares acquired 17.24 shares Common stock acquired in Q2 2025 via dividend reimbursement plan

Key Terms

weighted average price, employee stock purchase program, dividend reimbursement plan

3 terms

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

employee stock purchase program financial

"acquired by the reporting person under the Company's employee stock purchase program"

dividend reimbursement plan financial

"acquired by the reporting person under the Company's dividend reimbursement plan"

FAQ

How many AMAL shares did EVP Mandy Tenner sell in this Form 4?

Mandy Tenner sold 5,242 shares of Amalgamated Financial Corp. common stock. The Form 4 shows two open-market sale transactions on August 7, 2025, involving 1,576 shares and 3,666 shares at weighted average prices near $27.46 per share.

On what date did Mandy Tenner’s AMAL stock sales occur?

The reported AMAL stock sales by Mandy Tenner occurred on August 7, 2025. Two non-derivative common stock transactions were recorded that day, both coded as open-market or private sale transactions, totaling 5,242 shares disposed.

What prices were received for Mandy Tenner’s AMAL share sales?

The Form 4 lists weighted average sale prices of $27.4599 and $27.4583 per share. Footnotes explain these prices reflect multiple trades executed within ranges from $27.61–$27.33 and $27.59–$27.35, rather than single-price executions.

How many AMAL shares does Mandy Tenner hold after these transactions?

Following the reported sales, Mandy Tenner directly holds 12,911.24 shares of Amalgamated Financial Corp. common stock. This post-transaction balance includes shares previously acquired through company programs, as noted in the Form 4 footnotes.

What additional AMAL shares did Mandy Tenner acquire via company plans?

Footnotes state Tenner acquired 39 shares through the employee stock purchase program in Q1 2025 and 17.24 shares through a dividend reimbursement plan in Q2 2025. These amounts are included in the total common stock holdings reported.

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Accepted by SEC EDGAR 08/11/2025 - 03:10 PM Learn about SEC filing dates

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).

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^*

Tenner Mandy

(Last) (First) (Middle)

275 SEVENTH AVE

(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 Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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	08/07/2025		S		1,576	D	$27.4599(1)	16,577.24(2)	D
Common Stock	08/07/2025		S		3,666	D	$27.4583(3)	12,911.24	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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.61 - $27.33. 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.

2. The total reported in Column 5 of this Form 4 includes 39 shares of common stock, acquired by the reporting person under the Company's employee stock purchase program, in Q1 of 2025, and 17.24 shares of common stock, acquired by the reporting person under the Company's dividend reimbursement plan, in Q2 of 2025.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.59 - $27.35. 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 (2) to this Form 4.

Remarks:

	/s/ Mandy Tenner	08/11/2025
	** 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.