Sean Searby - Nov 6, 2023 Form 4 Insider Report for Amalgamated Financial Corp. (AMAL)

Signature
/s/Sean Searby
Stock symbol
AMAL
Transactions as of
Nov 6, 2023
Transactions value $
-$58,046
Form type
4
Date filed
11/8/2023, 05:20 PM
Previous filing
Feb 28, 2023
Next filing
Nov 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMAL Common Stock Sale -$58K -3K -13.39% $19.35 19.4K Nov 6, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The disposition reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 07/31/2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.51 - $19.04. The reporting person undertakes to provide to AMAL, any security holder of AMAL, 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 in footnote (2) to this Form 4.
F3 The reporting person has reported prior awards of restricted stock units in Table II of Form 4. The total reported in this Column 5 includes 16,490 unvested restricted stock units previously reported in Table II, 1,370 common stock shares purchased under the Company's Employee Stock Purchase Plan, and 1,545 shares owned by the reporting person.