Sean Searby - 13 Nov 2023 Form 4 Insider Report for Amalgamated Financial Corp. (AMAL)

Signature
/s/Sean Searby
Issuer symbol
AMAL
Transactions as of
13 Nov 2023
Net transactions value
-$48,275
Form type
4
Filing time
13 Nov 2023, 16:09:13 UTC
Previous filing
08 Nov 2023
Next filing
29 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMAL Common Stock Sale $48,275 -2,500 -13% $19.31 16,905 13 Nov 2023 Direct F1, F2
* 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 dispositions reported in this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 07/31/2023..
F2 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 and 415 shares owned by the reporting person.