Ahron H. Haspel - Aug 26, 2024 Form 4 Insider Report for Hanover Bancorp, Inc. /NY (HNVR)

Role
Director
Signature
/s/ Gregory Krauss, POA
Stock symbol
HNVR
Transactions as of
Aug 26, 2024
Transactions value $
-$8,056,110
Form type
4
Date filed
8/27/2024, 01:56 PM
Previous filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNVR Common Stock Options Exercise $81.4K +8.14K +35.98% $10.00 30.8K Aug 26, 2024 Direct
transaction HNVR Common Stock Tax liability -$8.14M -4.65K -15.12% $1,750.00 26.1K Aug 26, 2024 Direct F1
holding HNVR Common Stock 39.7K Aug 26, 2024 See Footnote 2 F2

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 Aug 26, 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 "net exercise" of outstanding stock options. The reporting person received 3,489 shares of common stock on net exercise of option to purchase 8,139 shares of common stock. The Company withheld 4,650 shares of common stock underlying the option for payment of the exercise price using the closing stock price on August 23, 2024 of $17.50 pursuant to the terms of the 2013 Stock Option Plan.
F2 Held by a limited liability company that the reporting person controls.