HNVR director reports 5,000-share sale and updated ownership
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hanover Bancorp (HNVR) director reported an open-market sale of 5,000 shares of common stock on 11/04/2025 at $21.2495 per share.
Following the transaction, reported beneficial ownership includes 24,676 shares held directly and multiple indirect positions. Examples include 80,769 shares held in various trusts for a sibling (trustee role noted), 196,558 shares held in trusts for the reporting person (spouse as trustee), and stakes via entities and family trusts as detailed in the footnotes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($106,248)
Net Sell
8 txns
Insider
Golden Robert
Role
Director
Sold
5,000 shs ($106K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $21.2495 | $106K |
| 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 — 80,769 shares (Indirect, See Footnote 1);
Common Stock — 24,676 shares (Direct)
Footnotes (1)
- 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. 196,558 Shares held in trusts for the benefit of the Reporting Person, and of which the spouse of 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.
FAQ
What did HNVR’s director report in this Form 4?
A sale of 5,000 shares of Hanover Bancorp common stock on 11/04/2025 at $21.2495 per share.
What are examples of indirect holdings reported by the HNVR director?
Examples include 80,769 shares in trusts for a sibling and 196,558 shares in trusts for the reporting person, with trustee roles noted.
Were any derivative securities reported?
No derivative securities were listed in Table II.
Does the filing mention a Rule 10b5-1 trading plan?
The form includes a checkbox reference, but the excerpt does not state it was selected.