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Valley National Bancorp: Trusts sell 22,828 shares

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Form Type
4

Rhea-AI Filing Summary

Valley National Bancorp (VLY) director Suresh L. Sani reported that trusts established for two employer-sponsored profit-sharing plans sold 22,828 common shares on April 14, 2026, at a weighted average of $13.15 per share. An independent investment manager sold the shares without Sani’s prior knowledge or consent; he was a co-trustee and beneficiary but had no investment control over the trusts. No Rule 10b5-1 plan is reported. The trusts held 21,562 shares after the sale. Separate reported positions as of April 14, 2026, included 83,946 common shares held directly, 5,705 common shares held as trustee for his daughter, and 4,416 preferred shares held directly.

Insider SANI SURESH L
Role Director
Sold 22,828 shs ($300K)
Share of Position Sold 51.4%
Type Security Shares Price Value
Sale Common Stock F1, F2 22,828 $13.15 $300K
Holding Common Stock -- -- --
Holding Common Stock -- -- --
Holding Preferred Stock -- -- --
Holdings After Transaction: Common Stock — 21,562 shares (Indirect, Co-trustee (pension Trusts)); Common Stock — 83,946 shares (Direct); Common Stock — 5,705 shares (Indirect, Trustee For Daughter); Preferred Stock — 4,416 shares (Direct)
Holdings Before and After: Common Stock, 44,390 to 21,562 shares (Indirect, Co-trustee (pension Trusts))
Footnotes (2)
  1. F1. Shares held by trusts established for two employer-sponsored profit-sharing plans of which the Reporting Person is a co-trustee and beneficiary. The Reporting Person possesses no investment control with respect to these trusts. The shares were sold by an independent investment manager without the Reporting Person's prior knowledge or consent.
  2. F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $13.15 to $13.1525, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the Securities and Exchange Commission staff, upon request, full information regarding the number of shares sold at each separate price within the range.
Common shares sold by the trusts 22,828 shares April 14, 2026
Weighted average sale price $13.15 per share Sale on April 14, 2026
Sale price range $13.15 to $13.1525 per share Multiple transactions on April 14, 2026
Trust shares held after sale 21,562 shares Reported following the sale
Direct common shares held 83,946 shares Reported as of April 14, 2026
Common shares held as trustee for daughter 5,705 shares Reported as of April 14, 2026
Direct preferred shares held 4,416 shares Reported as of April 14, 2026
weighted average price financial
"The price reported is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Rule 10b5-1 plan financial
"No Rule 10b5-1 plan is reported"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

FAQ

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How many VLY shares were sold and at what price?

Trusts established for two employer-sponsored profit-sharing plans sold 22,828 Valley National Bancorp common shares on April 14, 2026, at a weighted average of $13.15 per share. The shares were sold in multiple transactions at prices ranging from $13.15 to $13.1525. An independent investment manager carried out the sales without director Suresh L. Sani’s prior knowledge or consent.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED 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*
SANI SURESH L

(Last)(First)(Middle)
C/O VALLEY NATIONAL BANCORP
ONE PENN PLAZA

(Street)
NEW YORK NEW YORK 10119

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
VALLEY NATIONAL BANCORP [ VLY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/14/2026S22,828(1)D$13.15(2)21,562ICo-trustee (pension Trusts)
Common Stock83,946D
Common Stock5,705ITrustee For Daughter
Preferred Stock4,416D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares held by trusts established for two employer-sponsored profit-sharing plans of which the Reporting Person is a co-trustee and beneficiary. The Reporting Person possesses no investment control with respect to these trusts. The shares were sold by an independent investment manager without the Reporting Person's prior knowledge or consent.
2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $13.15 to $13.1525, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the Securities and Exchange Commission staff, upon request, full information regarding the number of shares sold at each separate price within the range.
Remarks:
/s/ SURESH L. SANI11/13/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

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