Form 4: Workers United Sells Shares of Amalgamated Financial Corp.

Rochester Regional Joint Board, Workers United, and affiliated entities reported the sale of Amalgamated Financial Corp. shares between November 5th and November 7th, 2024.

Summary

• Rochester Regional Joint Board, Workers United, along with several affiliated entities, filed a Form 4 detailing changes in beneficial ownership of Amalgamated Financial Corp. stock.
• The report covers transactions from November 5, 2024, to November 7, 2024.
• The entities sold shares of common stock at prices ranging from approximately $33.16 to $38.16 per share.
• The total number of shares sold by Workers United was 47,253 on November 5th at an average price of $33.2331.
• On November 6th, Workers United sold 98,416 shares at an average price of $36.7109, 26,584 shares at an average price of $37.6237 and 50,000 shares at an average price of $38.0662.
• On November 7th, Workers United sold 11,203 shares at an average price of $35.7321 and 2,797 shares at an average price of $36.6686.
• Following these transactions, the entities still beneficially own a significant number of shares.
• The reporting persons disclaim beneficial ownership of the securities reported, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing share sales, with no inherent positive or negative sentiment. It simply reports transactions.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of significant shareholders and company insiders.

Stakeholder Impact

• The share sales by Workers United and affiliated entities could potentially exert downward pressure on the stock price in the short term.
• The long-term impact on stakeholders is uncertain and depends on the reasons behind the sales and the overall performance of the company.

Key Dates