Form 4: Hanover Bancorp Director Robert Golden Sells Shares
SEC Form 4
Director Robert Golden reports multiple sales of Hanover Bancorp (HNVR) stock, while still holding a significant indirect stake.
Summary
- Robert Golden, a director of Hanover Bancorp, Inc. (HNVR), reported selling shares of common stock on May 8th and 9th, 2025.
- On May 8th, 2025, he sold 1,829 shares at $23.6479 and 5,000 shares at $22.8314.
- On May 9th, 2025, he sold 5,000 shares at $23.086 and 5,000 shares at $23.0586.
- Following these transactions, Golden still indirectly owns a substantial amount of Hanover Bancorp stock through various trusts and a limited liability company.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports stock sales by a director. It doesn't inherently indicate a positive or negative outlook, but rather a factual account of transactions.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It's important for investors to monitor such filings to understand the actions of company insiders, although individual sales don't necessarily indicate a negative outlook for the company.
Stakeholder Impact
- Shareholders may be interested in the director's stock sales, but the impact is likely minimal given the director's continued indirect ownership.
Key Dates
| Date | Description |
|---|---|
| 05/08/2025 | Robert Golden sold 1,829 shares of common stock at $23.6479 and 5,000 shares at $22.8314. |
| 05/09/2025 | Robert Golden sold 5,000 shares of common stock at $23.086 and 5,000 shares at $23.0586. |
| 05/12/2025 | Date of signature by Gregory Krauss, POA. |
Keywords
Hanover Bancorp, HNVR, Robert Golden, stock sale, director, Form 4, insider trading, beneficial ownership
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