ConnectOne (CNOB) insider files Form 4 showing gift and trust-held shares

Rhea-AI Filing Summary

ConnectOne Bancorp (CNOB) director Stephen T. Boswell reported a charitable gift and related changes in beneficial ownership. On 08/13/2025 Mr. Boswell made a charitable gift of 11,700 shares of ConnectOne common stock reported as a disposition at a $0 price. The filing shows additional disposals totaling 77,674.455 shares on the same line and reports 268,766.733 shares held indirectly following the transactions. Footnotes state certain shares are held in an irrevocable trust for the benefit of his spouse and descendants, with trustees including the reporting person’s spouse, adult daughter and an unrelated third person. The form was signed by a power of attorney on 08/15/2025.

Insights

Financial Analyst

TL;DR: Insider reported a charitable gift and sizable disposals, leaving significant indirect holdings that modestly affect insider concentration.

From a holdings perspective, the reported 11,700-share charitable gift and the recorded 77,674.455-share disposition reduce direct economic exposure but leave a material indirect stake of 268,766.733 shares. The filing does not include prices or cash proceeds for the larger disposition beyond the gift notation, nor does it indicate any trading plan or Rule 10b5-1 reliance. For investors monitoring insider alignment, the transaction is noteworthy because it changes the composition of ownership between direct and trust-held indirect holdings while retaining substantial family-related control through an irrevocable trust.

Corporate Governance Expert

TL;DR: The Form 4 documents a charitable transfer and trust-held shares, raising governance questions about control and trustee arrangements.

The disclosure clarifies that certain shares are held by an irrevocable trust for the reporting person’s spouse and descendants, with family members and a third party named as trustees, which is a common estate planning structure. The gift of 11,700 shares is explicitly charitable. The filing was executed by a power of attorney, consistent with procedural norms. There is no indication of related-party transactions, pledges, or changes to board status. Material governance implications are limited to changes in beneficial ownership structure rather than a change in control or board composition.

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
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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^*

Boswell Stephen T.

(Last) (First) (Middle)

CONNECTONE BANCORP, INC.

301 SYLVAN AVENUE

(Street)

ENGLEWOOD CLIFFS NJ 07632

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ConnectOne Bancorp, Inc. [ CNOB ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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	08/13/2025		G		11,700(1)	D	$0	268,766.733	I	See Footnote 2(2)
Common Stock								77,674.455	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. This transaction reflects a charitable gift of 11,700 shares of Common Stock

2. Held by an irrevocable trust for benefit of his spouse and descendants (of which the reporting person's spouse, adult daughter and unrelated third person are trustees).

	/s/ Laura Criscione, POA	08/15/2025
	** 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 transaction did CNOB director Stephen T. Boswell report on Form 4?

The filing reports a charitable gift of 11,700 shares of ConnectOne common stock and additional dispositions recorded on 08/13/2025.

How many ConnectOne (CNOB) shares does Stephen T. Boswell beneficially own after the reported transactions?

The Form 4 reports 268,766.733 shares held indirectly following the reported transactions.

Are the shares held directly by Stephen T. Boswell or in a trust?

Footnotes state shares are held by an irrevocable trust for the benefit of his spouse and descendants, with family members and an unrelated third person as trustees.

When were the transactions reported on the Form 4 executed?

The transactions are dated 08/13/2025 and the Form 4 was signed by a power of attorney on 08/15/2025.

Does the Form 4 indicate any sale proceeds or price for the dispositions?

The charitable gift is reported at a $0 price; no cash proceeds or sale prices are provided for other dispositions beyond the listed amounts.