A group of Workers United affiliates, each identified as a 10% owner of Amalgamated Financial Corp. (NASDAQ:AMAL), filed a Form 4 on September 11, 2026, disclosing the sale of 79,649 shares of common stock on September 9, 2026.

Key Highlights

  • Transaction: 79,649 shares of Amalgamated Financial Corp. common stock were sold on September 9, 2026, with a weighted average price of $47.9122 per share.
  • Price range: The shares were sold in multiple transactions at prices ranging from $47.7500 to $48.0800, inclusive, according to the filing.
  • Transaction code: The sale was coded "S" (open-market sale) in the filing.
  • Reporting persons: Fourteen affiliated entities are identified as reporting persons, including Workers United, Western States Regional Joint Board, New York-New Jersey Regional Joint Board, and others.
  • Collective beneficial ownership: The filing lists numerous directly held share positions across the affiliated entities, including 6,988,726.93 shares held directly by Workers United and 1,630,806.4 shares held by New York-New Jersey Regional Joint Board.
  • Dual filing note: The filing states it "is the second of two identical reports relating to the same transaction" filed to accommodate the SEC electronic system's maximum of 10 joint filers per report.

Workers United Affiliates Report Common Stock Sale in Amalgamated Financial

According to the filing, the transaction was executed on September 9, 2026, and involved the sale of 79,649 shares of Amalgamated Financial Corp. common stock, par value $0.01 per share. The weighted average sale price reported is $47.9122, with individual transactions occurring at prices between $47.7500 and $48.0800. The filing notes that full information on the number of shares sold at each separate price within that range will be provided upon request to the issuer, any security holder, or SEC staff.

The filing identifies fourteen entities collectively as the "Reporting Persons," all affiliated with the Workers United labor organization. These include Workers United itself, along with regional and local joint boards such as the New York-New Jersey Regional Joint Board (which holds 1,630,806.4 shares directly), the Philadelphia Joint Board (423,022 shares), the Chicago and Midwest Regional Joint Board (479,567 shares), and others. Each reporting person, according to the filing, holds its shares directly, and each expressly disclaims beneficial ownership of securities not directly owned by that reporting person.

The filing further states that each reporting person "may be deemed to be a member of a 'group' for purposes of the Securities Exchange Act of 1934," while also noting that the filing "shall not be deemed to be an admission" that any reporting person is the beneficial owner of securities not directly held. All four signing entities - Western States Regional Joint Board, Workers United Canada Council, Workers United Southern Regional Joint Board, and Southwest Regional Joint Board - executed the filing through Lynne Fox by Power of Attorney on September 11, 2026.

What Was Disclosed

The filing reports the open-market sale of 79,649 shares of Amalgamated Financial Corp. common stock on September 9, 2026, at a weighted average price of $47.9122, by a group of fourteen affiliated Workers United entities, each identified as a 10% owner of the issuer.