SEC Form 4 · accession 0001463249-26-000004
ARROW FINANCIAL CORP · AROW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David S. DeMarco
Officer — President & CEO
Period of report
Aug 17, 2026
Accepted (ET)
Aug 18, 2026 · 3:37 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0000717538
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 17, 2026 | M | 3,346 | $27.04 | A | 97,455 | D | |
| Common Stock | Aug 17, 2026 | F | 2,596 | $39.25 | D | 94,859 | D | |
| Common Stock | holding | — | — | — | 3,035 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $27.04 | Aug 17, 2026 | M | 3,346 | D | — | Jan 27, 2031 | Common Stock | 3,346 | 2,118 | D |
Explanation of responses
- F1The information provided reflects 288 shares acquired under the Company's DRIP and 2,632 shares related to the 2025 ESOP allocation since January 28, 2026.
- F2The options vested in four equal annual installments beginning January 27, 2022.