Workers United sold $22.1M of AMAL
Workers United sold 462,412 shares of Amalgamated Financial Corp. (AMAL) at an average of $47.86 ($47.69–$47.98, $22.13M total) across 5 trades over 2026-09-11 to 2026-09-14. Filed jointly with Chicago & Midwest Regional Joint Board, Workers United (10% owner), Laundry, Distribution & Food Service Joint Board, Workers United (10% owner), Local 50, Workers United (10% owner), Mid-Atlantic Regional Joint Board, Workers United (10% owner), New York-New Jersey Regional Joint Board, Workers United (10% owner), Pennsylvania Joint Board, Workers United (10% owner), Philadelphia Joint Board, Workers United (10% owner), Rochester Regional Joint Board Fund For The Future (10% owner) and Rochester Regional Joint Board, Workers United (10% owner).
How this was made
The 30-second read
Why it matters
The disclosed sale reduces a major insider's stake, possibly influencing market perception of AMAL's valuation.
Market read
First-report insider sale of $22M in AMAL; may affect short-term price dynamics.
What to watch
Potential upcoming corporate actions or strategic shifts not disclosed.
Background
Form 4 filing discloses insider transactions; Workers United holds multiple 10% ownership positions in AMAL.
Ticker impact
Workers United sold $22.1M of AMAL shares, reducing its stake to 1.38M shares.
Potential modest decline as market absorbs sell pressure.
The sale represents a significant $22M reduction by a 10% owner, indicating possible concerns about valuation.
Market effects
Minimal impact on financial services sector; highlights union ownership activity.
US market only; no broader regional effect.
Low; limited to AMAL shareholders.
Counterpoint
The sale could be a routine liquidity move, not a negative signal.
Key entities
- companyAmalgamated Financial Corp.
Issuer of the shares sold.
- entityWorkers United
Union and 10% owner filing the sale.
