Form 4: Hanover Bancorp Director Trades Common Stock

Director Robert Golden reported transactions involving Hanover Bancorp, Inc. common stock, including sales and beneficial ownership details.

Summary

• Director Robert Golden made several transactions related to Hanover Bancorp, Inc. common stock.
• On May 19, 2026, 2,259 shares were sold at a weighted average price of $22.79.
• On May 20, 2026, 1,012 shares were sold at a weighted average price of $23.0144.
• The filing details various forms of beneficial ownership, including direct holdings and indirect holdings through trusts, a limited liability company, and by a spouse.
• Specific indirect holdings include 195,358 shares in trusts for the benefit of the reporting person where the spouse is a trustee, 80,769 shares in trusts for the benefit of a sibling where the reporting person is a trustee, and 42,771 shares held by a controlled LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine insider transactions without significant strategic or financial revelations.

Negatives

• Director Robert Golden sold a total of 3,271 shares of common stock on May 19 and May 20, 2026.

Future Outlook

No specific forward-looking statements or guidance were provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and do not inherently signal strategic shifts, but they provide transparency into the holdings and trading activities of company directors and officers.

Related Party Transactions

• Shares held in trusts for the benefit of the Reporting Person, and of which the spouse of the Reporting Person is a trustee.
• Shares held in various trusts for the benefit of the sibling of the Reporting Person, and of which the Reporting Person is a trustee.
• Shares held by a limited liability company which is controlled by the Reporting Person.
• Shares held by the spouse of the Reporting Person.
• Shares held by a trust for the benefit of the Reporting Person and his descendants, and of which the Reporting Person and an unrelated third party are trustees.
• Shares held in various trusts for the benefit of the children of the Reporting Person, and of which the Reporting Person is a trustee.
• Shares held in various trusts for the benefit of the children of the Reporting Person, and of which the spouse of the Reporting Person is a trustee.

Stakeholder Impact

• Shareholders: The sales by a director may be interpreted by some shareholders as a signal, though the nature of the sales (e.g., for personal liquidity, diversification, or strategic reasons) is not detailed.
• Management: Provides transparency into director's holdings and transactions, adhering to regulatory requirements.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Beneficial Ownership, Hanover Bancorp, Director Transactions, Common Stock, Robert Golden