Hanover Bancorp director sells 1,847 shares
Hanover Bancorp director Robert Golden reported an open-market sale of 1,847 shares of Common Stock at $23.101 per share on June 2, 2026.
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Form Type
4
Rhea-AI Filing Summary
Hanover Bancorp director Robert Golden reported an open-market sale of 1,847 shares of Common Stock at $23.101 per share on June 2, 2026. Following this transaction, he directly holds 28,341 Hanover Bancorp shares.
In addition to his direct holdings, the filing lists significant indirect ownership through various trusts and related entities. These include 195,358 shares in trusts for his benefit, 80,769 shares in trusts for a sibling where he is trustee, 42,771 shares held by a limited liability company he controls, and additional blocks held by his spouse and in trusts for his descendants and children.
Insider Trade Summary
Net Seller: 1,847 shares
Net Sell
8 txns
Insider
Golden Robert
Role
Director
Sold
1,847 shs ($43K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,847 | $23.101 | $43K |
| 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 — 28,341 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: 1,847 shares
Sale price: $23.101 per share
Direct holdings after sale: 28,341 shares
+5 more
8 metrics
Shares sold
1,847 shares
Open-market sale of Common Stock on June 2, 2026
Sale price
$23.101 per share
Price for 1,847 Hanover Bancorp shares sold
Direct holdings after sale
28,341 shares
Common Stock directly owned by Robert Golden after transaction
Trusts for reporting person
195,358 shares
Shares in trusts for the benefit of the reporting person
Trusts for sibling
80,769 shares
Shares in various trusts for the benefit of the sibling
LLC holdings
42,771 shares
Shares held by a limited liability company controlled by the reporting person
Spouse holdings
25,000 shares
Shares held by the spouse of the reporting person
Children’s trusts
30,000 shares
Shares in various trusts for the benefit of the children, spouse as trustee
Key Terms
open-market sale, indirect ownership, trusts, limited liability company, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for 1,847 Common Stock shares"
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
"multiple entries list indirect ownership with nature_of_ownership referencing footnotes"
trusts financial
"shares held in trusts for the benefit of the Reporting Person and relatives"
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
"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
"reported in a Form 4 insider trading report for Hanover Bancorp, Inc."
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) disclose for Robert Golden?
Hanover Bancorp director Robert Golden reported selling 1,847 shares of Common Stock at $23.101 per share. The sale was an open-market transaction dated June 2, 2026, and was disclosed in a Form 4 insider trading report.
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 via a controlled limited liability company, 25,000 shares held by his spouse, and additional shares in trusts for his descendants and children.
Does Robert Golden’s Form 4 show any option exercises in Hanover Bancorp (HNVR)?
The Form 4 data show no option exercises or other derivative transactions for Robert Golden. All reported positions relate to common stock, including one open-market sale and multiple entries describing direct and indirect common-share holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
