Restricted stock grant adds to Hanover Bancorp (HNVR) director holdings

Rhea-AI Filing Summary

Hanover Bancorp, Inc. director Abraham Varkey reported a grant of 1,592 shares of common stock on February 5, 2026 at a price of $0.0000 per share. These shares are restricted stock subject to forfeiture.

The restricted stock vests over three years, with one-third vesting on March 1, 2027, one-third on March 1, 2028, and the final third on March 1, 2029. After this grant, Varkey beneficially owns 45,670 common shares directly and 13,334 common shares indirectly through his spouse.

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

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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).

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^*

Abraham Varkey

(Last) (First) (Middle)

C/O HANOVER BANCORP, INC.

80 EAST JERICHO TURNPIKE

(Street)

MINEOLA NY 11501

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hanover Bancorp, Inc. /MD [ HNVR ]

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)
02/05/2026

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	02/05/2026		A		1,592(1)	A	$0.0000	45,670	D
Common Stock								13,334	I	By Spouse

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 a grant of restricted stock subject to forfeiture, vesting over a three year period, with 1/3 vesting on each of March 1, 2027, March 1, 2028, and March 1, 2029.

	/s/ Varkey Abraham	02/07/2026
	** 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 transaction did Hanover Bancorp (HNVR) report for Abraham Varkey?

Hanover Bancorp director Abraham Varkey received 1,592 restricted common shares. The Form 4 shows these shares were granted on February 5, 2026 at a price of $0.0000 per share as equity compensation, rather than a market purchase.

How do Abraham Varkey’s Hanover Bancorp (HNVR) restricted shares vest?

The 1,592 restricted shares vest in three equal annual installments. One-third vests on March 1, 2027, another third on March 1, 2028, and the final third on March 1, 2029, assuming the forfeiture conditions are not triggered.

How many Hanover Bancorp (HNVR) shares does Abraham Varkey own after this grant?

After the grant, Abraham Varkey directly owns 45,670 common shares. The filing also reports an additional 13,334 common shares held indirectly through his spouse, reflecting total reported beneficial ownership split between direct and indirect holdings.

Was cash paid for the Hanover Bancorp (HNVR) shares granted to Abraham Varkey?

No cash was paid for these shares; the price per share is $0.0000. The transaction represents a restricted stock grant, which is a form of equity compensation rather than an open-market purchase for cash consideration.

What role does Abraham Varkey hold at Hanover Bancorp (HNVR)?

Abraham Varkey is identified as a director of Hanover Bancorp, Inc. The Form 4 indicates his relationship to the issuer as a director, with the reported stock grant and holdings tied to his position on the company’s board.

How many Hanover Bancorp (HNVR) shares are reported as held by Abraham Varkey’s spouse?

The filing shows 13,334 common shares held indirectly by Varkey’s spouse. These shares are listed separately from his 45,670 directly held shares, indicating an indirect beneficial ownership reported as “By Spouse.”