Form 4: Hanover Bancorp Director Robert Golden Reports Stock Sales

Director Robert Golden reported the sale of Hanover Bancorp (HNVR) stock on January 31, 2025 and February 3, 2025.

Summary

• Robert Golden, a director of Hanover Bancorp, Inc. (HNVR), filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On January 31, 2025, Golden sold 2,272 shares of common stock at a price of $26.6791 per share.
• On February 3, 2025, he sold an additional 2,500 shares at $26.5837 per share.
• Following these transactions, Golden directly owns 29,676 shares.
• He also indirectly owns shares through various trusts, including those held by his spouse (27,920 shares), trusts for his children (38,846 shares), trusts for his own benefit (215,615 shares), trusts for his sibling (85,769 shares), and a limited liability company he controls (52,771 shares).

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales by a company director, with no inherent positive or negative sentiment.

Industry Context

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

Stakeholder Impact

• The stock sales by a director could be perceived negatively by shareholders, potentially leading to a slight decrease in stock price.

Key Dates

Keywords

Form 4, Beneficial Ownership, HNVR, Hanover Bancorp, Stock Sale, Robert Golden, Director