SCHEDULE: BlackRock Discloses 5.4% Stake in Amalgamated Financial

BlackRock Portfolio Management LLC has reported a 5.4% beneficial ownership stake in Amalgamated Financial Corp. as of December 31, 2025.

Summary

• BlackRock Portfolio Management LLC, a Delaware-organized entity, reported beneficial ownership of 1,624,151 shares of Amalgamated Financial Corp. common stock.
• This ownership represents 5.4% of the total outstanding class of securities.
• BlackRock Portfolio Management LLC holds sole voting power over 1,525,897 shares and sole dispositive power over 1,624,151 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Amalgamated Financial Corp.
• Several BlackRock subsidiaries, including BlackRock Life Limited, BlackRock Advisors, LLC, and BlackRock Fund Advisors, are identified as beneficially owning 5% or greater of the outstanding shares of the security class.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a significant passive ownership stake by a major institutional investor. It does not contain specific news about the issuer's performance or strategic direction, but the presence of a large institutional holder is generally viewed as a neutral to slightly positive indicator of market interest.

Positives

• BlackRock Portfolio Management LLC, a major institutional investor, has disclosed a significant passive stake (5.4%) in Amalgamated Financial Corp., which can be interpreted as a vote of confidence or inclusion in broad market portfolios.
• The filing explicitly states the investment is for ordinary course of business and not for influencing control, indicating a stable, passive institutional holding.

Negatives

• No specific negative information regarding Amalgamated Financial Corp. is disclosed in this beneficial ownership filing.

Risks

• No specific risks for Amalgamated Financial Corp. are mentioned in this beneficial ownership filing.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Amalgamated Financial Corp.'s future outlook.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This Schedule 13G filing indicates a significant passive investment by BlackRock, one of the world's largest asset managers, in Amalgamated Financial Corp. Such filings are routine disclosures for institutional investors crossing the 5% ownership threshold, signaling their holdings in publicly traded companies. It reflects BlackRock's role in managing diverse portfolios that include financial sector stocks, rather than a strategic move to influence Amalgamated Financial Corp.'s operations.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, potentially increasing confidence due to BlackRock's presence.
• Management: Awareness of a large, passive institutional investor, though BlackRock states no intent to influence control.
• Regulatory Bodies: Ensures compliance with SEC disclosure requirements for beneficial ownership.

Key Dates

Keywords

Amalgamated Financial Corp., BlackRock Portfolio Management LLC, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Financial Services, Investment Management