Edgar Romney Jr. - 16 May 2024 Form 4 Insider Report for Amalgamated Financial Corp. (AMAL)

Role
Chief Strategy & Admin Officer
Signature
/s/ Edgar Romney Jr.
Issuer symbol
AMAL
Transactions as of
16 May 2024
Net transactions value
-$327,760
Form type
4
Filing time
20 May 2024, 16:21:41 UTC
Previous filing
03 Apr 2024
Next filing
18 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMAL Common Stock Options Exercise $385,275 +28,020 +202% $13.75 41,876 16 May 2024 Direct
transaction AMAL Common Stock Tax liability $504,243 -19,751 -47% $25.53 22,125 16 May 2024 Direct
transaction AMAL Common Stock Sale $208,792 -8,269 -37% $25.25 13,856 16 May 2024 Direct F1, 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 AMAL Non-Qualified Stock Option (right to buy) Options Exercise $0 -28,020 -100% $0.000000* 0 16 May 2024 Common Stock 28,020 $13.75 Direct
* 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 effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 02/16/2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.335 - $25.20. 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.