Form 4: HarborOne Director Disposes Shares Post-Merger

HarborOne Bancorp Director Andreana Santangelo reported the disposition of 16,665 common shares following the merger with Eastern Bankshares.

Summary

• Andreana Santangelo, a Director of HarborOne Bancorp, Inc., reported a change in beneficial ownership.
• On November 1, 2025, 16,665 shares of HarborOne common stock were disposed of.
• This disposition was a direct result of a merger agreement between HarborOne Bancorp, Inc. and Eastern Bankshares, Inc.
• Under the merger agreement, each share of HarborOne common stock was converted into the right to receive either $12.00 in cash or 0.765 shares of Eastern common stock, subject to proration.
• Following this transaction, the reporting person beneficially owns 0 shares of HarborOne common stock.

Sentiment

Score: 5

Explanation: Neutral, as this is a mandatory reporting of a transaction resulting from a merger, not an operational update or strategic decision by the individual.

Future Outlook

NA

Industry Context

This transaction reflects the finalization of a merger in the banking sector, a common strategy for consolidation and market expansion among regional banks.

Stakeholder Impact

• Shareholders of HarborOne Bancorp, Inc. received either cash or Eastern Bankshares, Inc. common stock as a result of the merger, impacting their investment holdings.

Key Dates

Keywords

HarborOne Bancorp, HONE, Eastern Bankshares, Merger, Form 4, Insider Transaction, Director, Share Disposition, Corporate Action