Philip A. Okun - Mar 1, 2024 Form 4 Insider Report for Hanover Bancorp, Inc. /NY (HNVR)

Role
Director
Signature
/s/ Gregory Krauss, POA
Stock symbol
HNVR
Transactions as of
Mar 1, 2024
Transactions value $
$12
Form type
4
Date filed
3/5/2024, 01:56 PM
Previous filing
Dec 8, 2023
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNVR Common Stock Award $0 +2.12K +6.55% $0.00 34.4K Mar 1, 2024 Direct F1
transaction HNVR Common Stock Options Exercise $81.4K +8.14K +23.63% $10.00 42.6K Mar 5, 2024 Direct
transaction HNVR Common Stock Tax liability -$81.4K -4.94K -11.6% $16.48 37.6K Mar 5, 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 -8.14K -100% $0.00* 0 Mar 5, 2024 Common Stock 8.14K $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.