Hanover Bancorp director sells 1,514 shares
Hanover Bancorp, Inc. director Robert Golden reported an open-market sale of 1,514 shares of common stock on May 29, 2026 at an average price of $23.7073 per share.
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Form Type
4
Rhea-AI Filing Summary
Hanover Bancorp, Inc. director Robert Golden reported an open-market sale of 1,514 shares of common stock on May 29, 2026 at an average price of $23.7073 per share. After this sale, he directly held 30,188 shares of Hanover Bancorp common stock.
Golden also reported several indirect holdings. These include shares held in trusts for his benefit, for the benefit of his spouse, children, and sibling, as well as shares held by a limited liability company controlled by him and by his spouse individually, as described in the footnotes.
Insider Trade Summary
Net Seller: 1,514 shares
Net Sell
8 txns
Insider
Golden Robert
Role
Director
Sold
1,514 shs ($36K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,514 | $23.7073 | $36K |
| 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 — 30,188 shares (Direct);
Common Stock — 195,358 shares (Indirect, See Footnote 2);
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 the Reporting Person's direct holdings.
- F2. 195,358 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: 1,514 shares
Sale price: $23.7073 per share
Direct holdings after sale: 30,188 shares
+4 more
7 metrics
Shares sold
1,514 shares
Open-market sale on May 29, 2026
Sale price
$23.7073 per share
Average sale price for 1,514 shares
Direct holdings after sale
30,188 shares
Common stock directly held post-transaction
Trusts for reporting person
195,358 shares
Held in trusts for the benefit of the reporting person
Trusts for sibling
80,769 shares
Held in various trusts for benefit of sibling
LLC holdings
42,771 shares
Held by a limited liability company controlled by reporting person
Spouse holdings
25,000 shares
Held by the spouse of the reporting person
Key Terms
open-market sale, indirect ownership, trusts, limited liability company
4 terms
open-market sale financial
"Sale in open market or private transaction"
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", "ownership_code": "I""
trusts financial
"shares held in trusts for the benefit of the Reporting Person"
A trust is a legal arrangement where one party (the trustee) holds and manages assets—like cash, stocks, property, or a pool of investments—on behalf of others (the beneficiaries). For investors it matters because trusts can package assets into a single, managed vehicle that may offer professional oversight, specific tax or estate benefits, and tradeable shares or units that change how you access, control, and receive income from those assets; think of it as a secure box managed for your financial benefit.
limited liability company financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Hanover Bancorp (HNVR) report for Robert Golden?
Hanover Bancorp reported that director Robert Golden sold 1,514 shares of common stock. The sale occurred on May 29, 2026, in an open-market transaction at an average price of $23.7073 per share, as disclosed in the Form 4 filing.
What indirect Hanover Bancorp (HNVR) holdings are associated with Robert Golden?
Indirect holdings include 195,358 shares in trusts for his benefit, 80,769 shares in trusts for a sibling, 42,771 shares held by an LLC he controls, 25,000 shares held by his spouse, and additional shares in trusts benefiting him and his children.
Was the Hanover Bancorp (HNVR) insider transaction a purchase or a sale?
The reported insider transaction was a sale. Robert Golden disposed of 1,514 Hanover Bancorp common shares in an open-market sale, as indicated by transaction code “S” and the description of an open-market or private transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
