Hanover Bancorp (HNVR) director sells 1,295 common shares in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanover Bancorp, Inc. director Robert Golden reported an open-market sale of 1,295 shares of common stock at $23.5298 per share. These shares were sold from his direct holdings.
After the sale, he directly owns 31,702 common shares. The filing also details substantial additional indirect holdings through various trusts, a limited liability company, and shares held by his spouse and family members.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,295 shares ($30,471)
Net Sell
8 txns
Insider
Golden Robert
Role
null
Sold
1,295 shs ($30K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,295 | $23.5298 | $30K |
| 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 — 31,702 shares (Direct, null);
Common Stock — 195,358 shares (Indirect, See Footnote 2)
Footnotes (1)
- These shares were sold from the Reporting Person's direct holdings. 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. 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. 42,771 shares held by a limited liability company which is controlled by the Reporting Person. 25,000 shares held by the spouse of the Reporting Person. 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. 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. 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: 1,295 shares
Sale price per share: $23.5298 per share
Direct holdings after sale: 31,702 shares
+5 more
8 metrics
Shares sold
1,295 shares
Open-market sale of Hanover Bancorp common stock
Sale price per share
$23.5298 per share
Price for 1,295 common shares sold
Direct holdings after sale
31,702 shares
Direct Hanover Bancorp common stock owned by Robert Golden post-transaction
Trusts benefiting reporting person
195,358 shares
Held in trusts for the benefit of the reporting person
Sibling trusts
80,769 shares
Held in various trusts for the benefit of the sibling
LLC holdings
42,771 shares
Held by a limited liability company controlled by the reporting person
Spouse holdings
25,000 shares
Held by the spouse of the reporting person
Children’s trusts (spouse trustee)
30,000 shares
Held in trusts for the children, spouse as trustee
Key Terms
open-market sale, indirect holdings, trusts, limited liability company, +1 more
5 terms
open-market sale financial
"reported an open-market sale of 1,295 shares of common stock"
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 holdings financial
"The filing also details substantial additional indirect holdings through various trusts"
trusts financial
"195,358 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
"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
"This Hanover Bancorp (HNVR) Form 4 includes indirect holdings"
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
What did Hanover Bancorp (HNVR) director Robert Golden report in this Form 4?
Robert Golden reported an open-market sale of 1,295 Hanover Bancorp common shares. The transaction was executed at a price of $23.5298 per share and involved stock from his direct holdings, as disclosed in the accompanying footnotes.
Does this Hanover Bancorp (HNVR) Form 4 include indirect holdings for Robert Golden?
Yes. The Form 4 shows indirect ownership, including 195,358 shares in trusts benefiting him, 80,769 shares in sibling trusts he oversees, 42,771 shares via an LLC he controls, and additional shares held by his spouse, children, and related trusts.