SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Rochester Regional Joint Board, Workers United

(Last) (First) (Middle)
750 EAST AVENUE

(Street)
ROCHESTER NY 14607

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Amalgamated Financial Corp. [ AMAL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/01/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Rule 10b5-1(c) Transaction Indication

  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share (Common Stock) 12/01/2023 S 54,845 D $21.827(1) 7,971,505.93(5) D(8)(23)(24)(25)
Common Stock 12/06/2023 S 5,000 D $22.659(2) 7,966,505.93 D(8)(23)(24)(25)
Common Stock 12/07/2023 S 7,402 D $23 7,959,103.93 D(8)(23)(24)(25)
Common Stock 12/08/2023 S 34,869 D $23.0163(3) 7,924,234.93 D(8)(23)(24)(25)
Common Stock 12/11/2023 S 52,729 D $23.1165(4) 7,871,505.93 D(8)(23)(24)(25)
Common Stock 479,567 D(9)(23)(24)(25)
Common Stock 281,583.12 D(10)(23)(24)(25)
Common Stock 114,600 D(11)(23)(24)(25)
Common Stock 264,939.14 D(12)(23)(24)(25)
Common Stock 1,630,806.4 D(13)(23)(24)(25)
Common Stock 374,517.82 D(14)(23)(24)(25)
Common Stock 523,022 D(15)(23)(24)(25)
Common Stock 132,580 D(16)(23)(24)(25)
Common Stock 519,132.96 D(17)(23)(24)(25)
Common Stock 119,380 D(18)(23)(24)(25)
Common Stock 27,421.98 D(19)(23)(24)(25)
Common Stock 149,794.78 D(20)(23)(24)(25)
Common Stock 4,752.85(6) D(21)(23)(24)(25)
Common Stock 0(7) D(22)(23)(24)(25)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Rochester Regional Joint Board, Workers United

(Last) (First) (Middle)
750 EAST AVENUE

(Street)
ROCHESTER NY 14607

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Western States Regional Joint Board, Workers United

(Last) (First) (Middle)
920 SOUTH ALVARADO STREET

(Street)
LOS ANGELES CA 90006

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Workers United Canada Council

(Last) (First) (Middle)
2800 SKYMARK AVENUE, UNIT 10A

(Street)
MISSISSAUGA A6 L4W 5A7

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Southern Region Workers United/SEIU

(Last) (First) (Middle)
1777 PHOENIX PARKWAY, SUITE 203

(Street)
ATLANTA GA 30349

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Southwest Regional Joint Board, Workers United

(Last) (First) (Middle)
3235 SOUTH CARRIER PARKWAY

(Street)
GRAND PRAIRIE TX 75052

(City) (State) (Zip)
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.75 to $22.06, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 herein.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.415 to $23.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 herein.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.14, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 herein.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.00 to $23.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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 herein.
5. The Form 4 filed by Workers United on March 9, 2023, reported 7,945,194.8611shares of Common Stock held by Workers United, however this understated the shares of Common Stock held by Workers United by 12,668.9178 shares of Common Stock as it did not give effect to the purchase reported on the Form 4 filed by Workers United on August 15, 2022. The number of shares of Common Stock set forth on this line includes the 12,668.9178 shares of Common Stock and reflects the accurate amount of shares of Common Stock held by Workers United after giving effect to the transaction reported on this line.
6. On November 21, 2023, Southwest purchased 4,752.85 shares of Common Stock from NY Metropolitan (as defined below) at $21.14 per share.
7. On August 11, 2022, NY Metropolitan sold 12,668.92 shares of Common Stock to Workers United at $23.68 per share. On November 21, 2023, NY Metropolitan sold 68,487.15 shares of Common Stock to Workers United at $21.14 per share. On November 21, 2023, NY Metropolitan sold 4,752.85 shares of Common Stock to Southwest at $21.14 per share.
8. Reflects securities directly owned by Workers United.
9. Reflects securities directly owned by Chicago & Midwest Regional Joint Board, Workers United ("Chicago & Midwest").
10. Reflects securities directly owned by Laundry, Distribution & Food Service Joint Board, Workers United ("Laundry, Distribution & Food Service").
11. Reflects securities directly owned by Local 50, Workers United ("Local 50").
12. Reflects securities directly owned by Mid-Atlantic Regional Joint Board, Workers United ("Mid-Atlantic Regional").
13. Reflects securities directly owned by New York-New Jersey Regional Joint Board, Workers United ("New York-New Jersey Regional").
14. Reflect securities directly owned by Pennsylvania Joint Board Workers United, SEIU ("Pennsylvania Joint Board").
15. Reflects securities directly owned by Philadelphia Joint Board, Workers United ("Philadelphia Joint Board").
16. Reflects securities directly owned by Rochester Regional Joint Board Fund for the Future ("Rochester Regional Fund").
17. Reflects securities directly owned by Rochester Regional Joint Board, Workers United ("Rochester Workers United").
18. Reflects securities directly owned by Western States Regional Joint Board, Workers United ("Western States").
19. Reflects securities directly owned by Workers United Canada Council ("Workers United Canada").
20. Reflects securities directly owned by Workers United, Southern Regional Joint Board ("Southern Regional").
21. Reflects securities directly owned by Southwest Regional Joint Board ("Southwest").
22. Reflects securities directly owned by New York Metropolitan Area Joint Board, Workers United ("NY Metropolitan").
23. For purposes of this filing, the "Reporting Persons" means, as applicable, Workers United, Chicago & Midwest, Laundry, Distribution & Food Service, Local 50, Mid-Atlantic Regional, New York-New Jersey Regional, Pennsylvania Joint Board, Philadelphia Joint Board, Rochester Regional Fund, Rochester Workers United, Western States, Workers United Canada, Southern Regional, Southwest and NY Metropolitan.
24. The filing of this statement by the Reporting Persons shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, any Reporting Person is the beneficial owners of the securities reported herein and each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Act, except to the extent of such Reporting Person's pecuniary interest therein, if any.
25. Information with respect to each Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
Remarks:
Workers United disgorged to the Issuer all statutory "profits" pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended, that resulted from the transactions reported herein. Each of the Reporting Persons may be deemed to be a member of a "group" for purposes of the Securities Exchange Act of 1934. Each Reporting Person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the Reporting Person. This report shall not be deemed an admission that any Reporting Person is a member of a group or the beneficial owner of any securities not directly owned by the Reporting Person. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the second of two identical reports relating to the same transaction being filed with the Securities and Exchange Commission.
Rochester Regional Joint Board, Workers United By: Lynne Fox, by Power of Attorney 02/06/2024
Western States Regional Joint Board, Workers United By: Lynne Fox, by Power of Attorney 02/06/2024
Workers United Canada Council By: Lynne Fox, by Power of Attorney 02/06/2024
Workers United, Southern Regional Joint Board By: Lynne Fox, by Power of Attorney 02/06/2024
Southwest Regional Joint Board By: Billie Jean Hervey, Regional Director 02/06/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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