Form 4: Workers United Sells Amalgamated Financial Corp. Shares

Workers United and affiliated entities sold a portion of their Amalgamated Financial Corp. (AMAL) holdings between February 3rd and February 5th, 2025.

Summary

• Workers United and several affiliated entities, including regional joint boards and councils, reported the sale of Amalgamated Financial Corp. (AMAL) common stock.
• The transactions occurred between February 3rd and February 5th, 2025.
• The sales were executed at weighted average prices ranging from $34.1253 to $34.2896 per share.
• Following the reported transactions, the total amount of common stock beneficially owned by the reporting persons is 7,121,505.93 shares.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard disclosure of share sales. The sales themselves don't necessarily indicate a positive or negative outlook, but rather a change in the investment portfolio of Workers United.

Management Comments

• Each Reporting Person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the Reporting Person.
• This report shall not be deemed an admission that any Reporting Person is a member of a group or the beneficial owner of any securities not directly owned by the Reporting Person.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's securities; this filing indicates changes in ownership by Workers United, a significant shareholder of Amalgamated Financial Corp.

Stakeholder Impact

• The sale of shares by a significant shareholder like Workers United could potentially create short-term price volatility, but the overall impact is likely to be minimal given the relatively small percentage of shares sold compared to their total holdings.

Key Dates