Hanover Bancorp (HNVR) EVP uses share withholdings to cover restricted stock taxes

Rhea-AI Filing Summary

Hanover Bancorp, Inc. executive Kevin Corbett, EVP & Chief Credit Officer, reported several Form 4 transactions involving common stock on February 20, 2026. These were tax-withholding dispositions, where shares were surrendered to cover tax liabilities upon the vesting of previously granted restricted stock. After these transactions, Corbett directly owned 27,936 shares of Hanover Bancorp common stock.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Corbett Kevin

Role EVP & Chief Credit Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	157	$21.98	$3K
Tax Withholding	Common Stock	198	$21.98	$4K
Tax Withholding	Common Stock	232	$21.98	$5K
Tax Withholding	Common Stock	600	$21.98	$13K

Holdings After Transaction: Common Stock — 28,966 shares (Direct)

Footnotes (1)

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. 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 24, 2023. 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 19, 2024. 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 27, 2022.

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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^*

Corbett Kevin

(Last) (First) (Middle)

C/O HANOVER BANCORP, INC.

80 EAST JERICHO TURNPIKE

(Street)

MINEOLA NY 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 Credit 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/20/2026		F		157(1)	D	$21.98	28,966	D
Common Stock	02/20/2026		F		198(2)	D	$21.98	28,768	D
Common Stock	02/20/2026		F		232(3)	D	$21.98	28,536	D
Common Stock	02/20/2026		F		600(4)	D	$21.98	27,936	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

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.

2. 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 24, 2023.

3. 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 19, 2024.

4. 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 27, 2022.

	/s/ Kevin Corbett	02/23/2026
	** 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.

FAQ

What did Hanover Bancorp (HNVR) executive Kevin Corbett report on this Form 4?

Kevin Corbett reported several tax-withholding dispositions of Hanover Bancorp common stock. These involved delivering shares to cover tax liabilities tied to vesting restricted stock awards, rather than open-market sales, and left him holding 27,936 shares directly after the transactions.

Were the Hanover Bancorp (HNVR) Form 4 transactions open-market sales or tax-related?

The Form 4 transactions were tax-related, not open-market sales. Each entry is coded "F" and described as payment of tax liability by delivering securities, reflecting shares withheld when previously granted restricted stock vested on February 20, 2026.

How many Hanover Bancorp (HNVR) shares does Kevin Corbett own after these Form 4 transactions?

After the reported tax-withholding dispositions, Kevin Corbett directly owns 27,936 shares of Hanover Bancorp common stock. This figure is disclosed in the Form 4 as the total shares following the final transaction on February 20, 2026.

What is the transaction code "F" used in the Hanover Bancorp (HNVR) Form 4?

The transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this case, it reflects Hanover Bancorp shares withheld on February 20, 2026 to satisfy taxes on vesting restricted stock grants from 2022, 2023, 2024, and 2025.

Which equity awards were involved in the Hanover Bancorp (HNVR) Form 4 tax withholdings?

The tax withholdings related to restricted shares that vested on February 20, 2026. Footnotes state they came from restricted stock grants dated January 27, 2022, January 24, 2023, January 19, 2024, and January 29, 2025, leading to shares being surrendered for taxes.