Philip A. Okun - 01 Mar 2024 Form 4 Insider Report for Hanover Bancorp, Inc. /NY (HNVR)

Role: Director
Signature: /s/ Gregory Krauss, POA
Issuer symbol: HNVR
Transactions as of: 01 Mar 2024
Net transactions value: +$11.76
Form type: 4
Filing time: 05 Mar 2024, 13:56:59 UTC
Previous filing: 08 Dec 2023
Next filing: 13 Jun 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HNVR	Common Stock	Award	$0	+2,117	+6.5%	$0.000000	34,445	01 Mar 2024	Direct	F1
transaction	HNVR	Common Stock	Options Exercise	$81,390	+8,139	+24%	$10.00	42,584	05 Mar 2024	Direct
transaction	HNVR	Common Stock	Tax liability	$81,378	-4,938	-12%	$16.48	37,646	05 Mar 2024	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HNVR	Non-Qualified Stock Option	Options Exercise	$0	-8,139	-100%	$0.000000^*	0	05 Mar 2024	Common Stock	8,139	$10.00	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock subject to forfeiture, vesting over a five year period, with 1/5 vesting on each of March 1, 2025, March 1, 2026, March 1, 2027, March 1, 2028, and March 1, 2029.