Hanover Bancorp director exercises 10,000 options
Hanover Bancorp, Inc. director Robert Golden exercised stock options to acquire 10,000 shares of Common Stock on May 6, 2026 at $13.00 per share.
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Form Type
4
Rhea-AI Filing Summary
Hanover Bancorp, Inc. director Robert Golden exercised stock options to acquire 10,000 shares of Common Stock on May 6, 2026 at $13.00 per share. Following the exercise, he directly holds 36,268 Common Stock shares, and the exercised Stock Options balance decreased to zero.
The filing also lists significant indirect holdings, including 195,358 shares in trusts for his benefit where his spouse is a trustee, 80,769 shares in trusts for a sibling where he is a trustee, 42,771 shares held by a limited liability company he controls, and additional shares held in various trusts and by his spouse and children.
Insider Trade Summary
10,000 shares exercised/converted
Exercise
9 txns
Insider
Golden Robert
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,000 | $13.00 | $130K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 0 contracts (Direct);
Common Stock — 36,268 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 (9)
- F1. 10,000 shares of common stock were acquired from the exercise of stock options on May 6, 2026.
- 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.
- F9. Stock Options granted pursuant to the 2016 Stock Option Plan are fully vested and exercisable.
Key Figures
Options exercised: 10,000 shares
Exercise price: $13.00 per share
Direct holdings after exercise: 36,268 shares
+4 more
7 metrics
Options exercised
10,000 shares
Stock Options exercised into Common Stock on May 6, 2026
Exercise price
$13.00 per share
Exercise price of Stock Options under 2016 Stock Option Plan
Direct holdings after exercise
36,268 shares
Common Stock directly held by Robert Golden after May 6, 2026 transaction
Trusts for reporting person
195,358 shares
Shares held in trusts for Golden’s benefit where spouse is trustee
Sibling trusts
80,769 shares
Shares held in trusts for sibling where Golden is trustee
LLC holdings
42,771 shares
Shares held by a limited liability company controlled by Golden
Spouse holdings
25,000 shares
Shares held by spouse of the reporting person
Key Terms
Stock Options, 2016 Stock Option Plan, trusts, limited liability company, +1 more
5 terms
Stock Options financial
"Stock Options granted pursuant to the 2016 Stock Option Plan are fully vested and exercisable."
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.
2016 Stock Option Plan financial
"Stock Options granted pursuant to the 2016 Stock Option Plan are fully vested and exercisable."
trusts financial
"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."
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.
fully vested and exercisable financial
"Stock Options granted pursuant to the 2016 Stock Option Plan are fully vested and exercisable."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Robert Golden report at Hanover Bancorp (HNVR)?
Robert Golden reported exercising stock options to acquire 10,000 shares of Hanover Bancorp Common Stock at $13.00 per share on May 6, 2026. This transaction converted his Stock Options into directly held shares of the company’s common stock.
What happened to Robert Golden’s Hanover Bancorp stock options in this Form 4?
Golden exercised 10,000 Stock Options granted under the 2016 Stock Option Plan at a $13.00 exercise price, receiving 10,000 Common Stock shares. After this exercise, the reported Stock Options position associated with these options was reduced to zero shares in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
