Hanover Bancorp EVP shares withheld for taxes

Hanover Bancorp, Inc. executive Joseph F. Burns, EVP & Chief Lending Officer, reported a small share disposition tied to taxes rather than an open-market trade.

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Form Type

Rhea-AI Filing Summary

Hanover Bancorp, Inc. executive Joseph F. Burns, EVP & Chief Lending Officer, reported a small share disposition tied to taxes rather than an open-market trade. On February 20, 2026, 188 shares of common stock were withheld at $21.98 per share to cover tax obligations on restricted stock that vested the same day. After this tax-withholding disposition, he directly owned 11,505 common shares.

Insider Trade Summary

Exercise Price or Tax Liability: 188 shares

Exercise Price or Tax Liability 1 txn

Insider Burns Joseph F

Role EVP & Chief Lending Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	188	$21.98	$4K

Holdings After Transaction: Common Stock — 11,505 shares (Direct)

Footnotes (1)

F1. Reflects tax withholding on February 20, 2026 with respect to restricted shares vested on the same date, pursuant a grant of restricted stock on January 29, 2025.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Hanover Bancorp (HNVR) report for Joseph F. Burns?

Hanover Bancorp reported a tax-related share disposition by Joseph F. Burns. On February 20, 2026, 188 common shares were withheld to satisfy taxes on newly vested restricted stock from a January 29, 2025 grant.

Was the Hanover Bancorp (HNVR) insider Form 4 a market sale of shares?

No, the Form 4 reflects tax withholding, not an open-market sale. The 188 Hanover Bancorp common shares were retained by the company to cover tax liabilities on vested restricted stock.

How many Hanover Bancorp (HNVR) shares does Joseph F. Burns hold after this Form 4?

After the reported tax-withholding disposition, Joseph F. Burns directly owns 11,505 Hanover Bancorp common shares. This figure is disclosed as his total direct holdings following the February 20, 2026 transaction.

What price was used for the Hanover Bancorp (HNVR) tax-withholding shares?

The 188 Hanover Bancorp common shares withheld for taxes were valued at $21.98 per share. This price is used in the Form 4 to calculate the value of the tax-withholding disposition on February 20, 2026.

What triggered the tax withholding reported in Hanover Bancorp (HNVR) Form 4?

The tax withholding was triggered by the vesting of restricted shares on February 20, 2026. Those restricted shares came from a restricted stock grant awarded on January 29, 2025, leading to 188 shares being withheld for tax purposes.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/24/2026 - 10:45 AM

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^*

Burns Joseph F

(Last)

(First)

(Middle)

C/O HANOVER BANCORP, INC.

80 EAST JERICHO TURNPIKE

(Street)

MINEOLA

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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Lending Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/20/2026		F		188⁽¹⁾	D	$21.98	11,505	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects tax withholding on February 20, 2026 with respect to restricted shares vested on the same date, pursuant a grant of restricted stock on January 29, 2025.

	/s/ Joseph F. Burns	02/24/2026
	** 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.

Source: View Original Filing on SEC EDGAR