Workers United - Dec 1, 2023 Form 4 Insider Report for Amalgamated Financial Corp. (AMAL)

Role
10%+ Owner
Signature
Workers United By: Lynne Fox, by Power of Attorney
Stock symbol
AMAL
Transactions as of
Dec 1, 2023
Transactions value $
-$3,502,108
Form type
4
Date filed
2/6/2024, 04:30 PM
Next filing
Sep 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMAL Common Stock, par value $0.01 per share (Common Stock) Sale -$1.2M -54.8K -0.68% $21.83 7.97M Dec 1, 2023 Direct F1, F5, F8, F23, F24, F25
transaction AMAL Common Stock Sale -$113K -5K -0.06% $22.66 7.97M Dec 6, 2023 Direct F2, F8, F23, F24, F25
transaction AMAL Common Stock Sale -$170K -7.4K -0.09% $23.00 7.96M Dec 7, 2023 Direct F8, F23, F24, F25
transaction AMAL Common Stock Sale -$803K -34.9K -0.44% $23.02 7.92M Dec 8, 2023 Direct F3, F8, F23, F24, F25
transaction AMAL Common Stock Sale -$1.22M -52.7K -0.67% $23.12 7.87M Dec 11, 2023 Direct F4, F8, F23, F24, F25
holding AMAL Common Stock 480K Dec 1, 2023 Direct F9, F23, F24, F25
holding AMAL Common Stock 282K Dec 1, 2023 Direct F10, F23, F24, F25
holding AMAL Common Stock 115K Dec 1, 2023 Direct F11, F23, F24, F25
holding AMAL Common Stock 265K Dec 1, 2023 Direct F12, F23, F24, F25
holding AMAL Common Stock 1.63M Dec 1, 2023 Direct F13, F23, F24, F25
holding AMAL Common Stock 375K Dec 1, 2023 Direct F14, F23, F24, F25
holding AMAL Common Stock 523K Dec 1, 2023 Direct F15, F23, F24, F25
holding AMAL Common Stock 133K Dec 1, 2023 Direct F16, F23, F24, F25
holding AMAL Common Stock 519K Dec 1, 2023 Direct F17, F23, F24, F25
holding AMAL Common Stock 119K Dec 1, 2023 Direct F18, F23, F24, F25
holding AMAL Common Stock 27.4K Dec 1, 2023 Direct F19, F23, F24, F25
holding AMAL Common Stock 150K Dec 1, 2023 Direct F20, F23, F24, F25
holding AMAL Common Stock 4.75K Dec 1, 2023 Direct F6, F21, F23, F24, F25
holding AMAL Common Stock $0 Dec 1, 2023 Direct F7, F22, F23, F24, F25
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.75 to $22.06, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.415 to $23.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.14, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F5 The Form 4 filed by Workers United on March 9, 2023, reported 7,945,194.8611shares of Common Stock held by Workers United, however this understated the shares of Common Stock held by Workers United by 12,668.9178 shares of Common Stock as it did not give effect to the purchase reported on the Form 4 filed by Workers United on August 15, 2022. The number of shares of Common Stock set forth on this line includes the 12,668.9178 shares of Common Stock and reflects the accurate amount of shares of Common Stock held by Workers United after giving effect to the transaction reported on this line.
F6 On November 21, 2023, Southwest purchased 4,752.85 shares of Common Stock from NY Metropolitan (as defined below) at $21.14 per share.
F7 On August 11, 2022, NY Metropolitan sold 12,668.92 shares of Common Stock to Workers United at $23.68 per share. On November 21, 2023, NY Metropolitan sold 68,487.15 shares of Common Stock to Workers United at $21.14 per share. On November 21, 2023, NY Metropolitan sold 4,752.85 shares of Common Stock to Southwest at $21.14 per share.
F8 Reflects securities directly owned by Workers United.
F9 Reflects securities directly owned by Chicago & Midwest Regional Joint Board, Workers United ("Chicago & Midwest").
F10 Reflects securities directly owned by Laundry, Distribution & Food Service Joint Board, Workers United ("Laundry, Distribution & Food Service").
F11 Reflects securities directly owned by Local 50, Workers United ("Local 50").
F12 Reflects securities directly owned by Mid-Atlantic Regional Joint Board, Workers United ("Mid-Atlantic Regional").
F13 Reflects securities directly owned by New York-New Jersey Regional Joint Board, Workers United ("New York-New Jersey Regional").
F14 Reflect securities directly owned by Pennsylvania Joint Board Workers United, SEIU ("Pennsylvania Joint Board").
F15 Reflects securities directly owned by Philadelphia Joint Board, Workers United ("Philadelphia Joint Board").
F16 Reflects securities directly owned by Rochester Regional Joint Board Fund for the Future ("Rochester Regional Fund").
F17 Reflects securities directly owned by Rochester Regional Joint Board, Workers United ("Rochester Workers United").
F18 Reflects securities directly owned by Western States Regional Joint Board, Workers United ("Western States").
F19 Reflects securities directly owned by Workers United Canada Council ("Workers United Canada").
F20 Reflects securities directly owned by Workers United, Southern Regional Joint Board ("Southern Regional").
F21 Reflects securities directly owned by Southwest Regional Joint Board ("Southwest").
F22 Reflects securities directly owned by New York Metropolitan Area Joint Board, Workers United ("NY Metropolitan").
F23 For purposes of this filing, the "Reporting Persons" means, as applicable, Workers United, Chicago & Midwest, Laundry, Distribution & Food Service, Local 50, Mid-Atlantic Regional, New York-New Jersey Regional, Pennsylvania Joint Board, Philadelphia Joint Board, Rochester Regional Fund, Rochester Workers United, Western States, Workers United Canada, Southern Regional, Southwest and NY Metropolitan.
F24 The filing of this statement by the Reporting Persons shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, any Reporting Person is the beneficial owners of the securities reported herein and each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Act, except to the extent of such Reporting Person's pecuniary interest therein, if any.
F25 Information with respect to each Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

Remarks:

Workers United disgorged to the Issuer all statutory "profits" pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, that resulted from the transactions reported herein.Each of the Reporting Persons may be deemed to be a member of a "group" for purposes of the Securities Exchange Act of 1934. Each Reporting Person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the Reporting Person. This report shall not be deemed an admission that any Reporting Person is a member of a group or the beneficial owner of any securities not directly owned by the Reporting Person. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transaction being filed with the Securities and Exchange Commission.