Hanover Bancorp (HNVR) officer exercises 6,000 options; 3,879 shares withheld

Rhea-AI Filing Summary

Hanover Bancorp, Inc. executive Lisa A. Diiorio exercised stock options and had shares withheld for taxes. On May 1, 2026, she exercised 6,000 shares of common stock at $13.00 per share through a derivative exercise.

On the same date, 3,879 shares of common stock were disposed of at $23.72 per share as a tax-withholding disposition, meaning the shares covered tax obligations rather than being sold on the open market. After these transactions, she directly owned 17,899 shares of Hanover Bancorp common stock, and the stock options referenced in the footnote were fully exercised.

Insider Trade Summary

6,000 shares exercised/converted

Mixed 3 txns

Insider Diiorio Lisa A

Role FSVP & Chief Accounting Off.

Type	Security	Shares	Price	Value
Exercise	Stock Options	6,000	$0.00	--
Exercise	Common Stock	6,000	$13.00	$78K
Tax Withholding	Common Stock	3,879	$23.72	$92K

Holdings After Transaction: Stock Options — 0 shares (Direct, null); Common Stock — 21,778 shares (Direct, null)

Footnotes (1)

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Key Figures

Options exercised: 6,000 shares Exercise price: $13.00 per share Tax-withholding shares: 3,879 shares +3 more

6 metrics

Options exercised 6,000 shares Common Stock acquired via option exercise on May 1, 2026 at $13.00

Exercise price $13.00 per share Stock option exercise for 6,000 underlying common shares

Tax-withholding shares 3,879 shares Common Stock disposed at $23.72 per share for tax withholding

Tax-withholding price $23.72 per share Value used for 3,879-share tax-withholding disposition

Post-transaction holdings 17,899 shares Common Stock directly owned after transactions on May 1, 2026

Option grant status Fully vested and exercisable Stock Options under 2013 Stock Option Plan referenced in footnote

Key Terms

tax-withholding disposition, derivative exercise/conversion, Stock Options, 2013 Stock Option Plan

4 terms

tax-withholding disposition financial

"3,879 shares were disposed of at $23.72 per share as a tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"6,000 shares of common stock at $13.00 per share through a derivative exercise"

Stock Options financial

"Stock Options granted pursuant to the 2013 Stock Option Plan are fully vested"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

2013 Stock Option Plan financial

"Stock Options granted pursuant to the 2013 Stock Option Plan are fully vested"

Form 4 Insider Transactions: What Each Field Means →

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^*

Diiorio Lisa A

(Last) (First) (Middle)

C/O HANOVER BANCORP, INC.

80 EAST JERICHO TURNPIKE

(Street)

MINEOLA NEW YORK 11501

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	FSVP & Chief Accounting Off.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/01/2026		M		6,000	A	$13	21,778	D
Common Stock	05/01/2026		F		3,879	D	$23.72	17,899	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
Stock Options	$13	05/01/2026		M			6,000	09/01/2019(1)	09/01/2026	Common Stock	6,000	$0.0000	0.0000	D

Explanation of Responses:

1. Stock Options granted pursuant to the 2013 Stock Option Plan are fully vested and exercisable.

	/s/ Lisa A. Diiorio	05/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Hanover Bancorp (HNVR) report for Lisa A. Diiorio?

Hanover Bancorp reported that executive Lisa A. Diiorio exercised 6,000 stock options for common shares at $13.00 each and had 3,879 shares withheld at $23.72 per share to satisfy tax obligations related to the exercise.

Did the Hanover Bancorp (HNVR) Form 4 show an open-market sale by Lisa A. Diiorio?

The Form 4 shows a tax-withholding disposition of 3,879 shares at $23.72 per share, not an open-market sale. These shares were withheld to cover tax liabilities tied to the option exercise, rather than being sold at the executive’s discretion.

How many Hanover Bancorp (HNVR) shares does Lisa A. Diiorio hold after the reported transactions?

Following the reported transactions, Lisa A. Diiorio directly holds 17,899 shares of Hanover Bancorp common stock. This reflects the 6,000 shares acquired through the option exercise, net of the shares disposed of for tax-withholding purposes on the same date.

What were the key prices in Lisa A. Diiorio’s Hanover Bancorp (HNVR) Form 4 transactions?

The option exercise involved 6,000 shares at a $13.00 exercise price per share. The tax-withholding disposition covered 3,879 shares valued at $23.72 per share, reflecting the market-based value used to satisfy related tax obligations.

What does the Form 4 say about Hanover Bancorp (HNVR) stock options held by Lisa A. Diiorio?

The filing notes that the stock options were granted under the 2013 Stock Option Plan and were fully vested and exercisable. The 6,000 options exercised on May 1, 2026, appear to have exhausted this particular option grant, leaving no remaining derivative position.