Hanover Bancorp director sells 4,424 shares via trust
Hanover Bancorp, Inc. director Robert Golden reported indirect open-market sales totaling 4,424 shares of common stock at prices around $24 per share.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Hanover Bancorp, Inc. director Robert Golden reported indirect open-market sales totaling 4,424 shares of common stock at prices around $24 per share. The sales were made from a trust for his benefit, which still holds 182,515 shares. He also reports additional indirect trust, LLC and spousal holdings, plus 28,341 shares held directly.
Insider Trade Summary
Net Seller: 4,424 shares
Net Sell
9 txns
Insider
Golden Robert
Role
Director
Sold
4,424 shs ($106K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 661 | $24.2132 | $16K |
| Sale | Common Stock | 3,763 | $24.0178 | $90K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 182,515 shares (Indirect, See Footnote 2);
Common Stock — 28,341 shares (Direct);
Common Stock — 80,769 shares (Indirect, See Footnote 3);
Common Stock — 42,771 shares (Indirect, See Footnote 4);
Common Stock — 25,000 shares (Indirect, See Footnote 5);
Common Stock — 2,239 shares (Indirect, See Footnote 6);
Common Stock — 8,846 shares (Indirect, See Footnote 7);
Common Stock — 30,000 shares (Indirect, See Footnote 8)
Footnotes (8)
- F1. These shares were sold from a trust for the benefit of the Reporting Person.
- F2. 182,515 shares held in trusts for the benefit of the Reporting Person, and of which the spouse of the Reporting Person is a trustee.
- F3. 80,769 shares held in various trusts for the benefit of the sibling of the Reporting Person, and of which the Reporting Person is a trustee.
- F4. 42,771 shares held by a limited liability company which is controlled by the Reporting Person.
- F5. 25,000 shares held by the spouse of the Reporting Person.
- F6. 2,239 shares held by a trust for the benefit of the Reporting Person and his descendants, and of which the Reporting Person and an unrelated third party are trustees.
- F7. 8,846 shares held in various trusts for the benefit of the children of the Reporting Person, and of which the Reporting Person is a trustee.
- F8. 30,000 shares held in various trusts for the benefit of the children of the Reporting Person, and of which the spouse of the Reporting Person is a trustee.
Key Figures
Shares sold 6/15/2026: 661 shares at $24.2132
Shares sold 6/12/2026: 3,763 shares at $24.0178
Total shares sold: 4,424 shares
+5 more
8 metrics
Shares sold 6/15/2026
661 shares at $24.2132
Indirect open-market sale via trust
Shares sold 6/12/2026
3,763 shares at $24.0178
Indirect open-market sale via trust
Total shares sold
4,424 shares
Net open-market sales reported in this Form 4
Trust holdings after sales
182,515 shares
Held in trusts for benefit of reporting person
Sibling trusts holdings
80,769 shares
Held in various trusts for sibling; reporting person trustee
LLC holdings
42,771 shares
Held by LLC controlled by reporting person
Spouse holdings
25,000 shares
Held by spouse of reporting person
Direct holdings
28,341 shares
Common stock held directly by reporting person
Key Terms
open-market sale, indirect ownership, trusts for the benefit of the Reporting Person, limited liability company, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for common stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"ownership_type: "indirect" with nature_of_ownership referencing footnotes"
trusts for the benefit of the Reporting Person financial
"182,515 shares held in trusts for the benefit of the Reporting Person"
limited liability company financial
"42,771 shares held by a limited liability company which is controlled by the Reporting Person"
A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Hanover Bancorp (HNVR) director Robert Golden report?
Robert Golden reported indirect open-market sales of 4,424 Hanover Bancorp shares. The trades occurred from a trust for his benefit, at prices near $24 per share, and were disclosed as sales of common stock.
On what dates did the Hanover Bancorp (HNVR) insider sales take place?
The reported Hanover Bancorp insider sales took place on June 12, 2026 and June 15, 2026. Both transactions involved common stock sold in the open market through a trust associated with director Robert Golden.
What other indirect Hanover Bancorp (HNVR) holdings does Robert Golden report?
Robert Golden reports additional indirect holdings including 80,769 shares in sibling trusts, 42,771 shares via a controlled LLC, 25,000 shares held by his spouse, and various other trusts for himself and his children, alongside 28,341 shares held directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
