SEC Form 4 · accession 0001463249-26-000008
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
Sep 4, 2026
Accepted (ET)
Sep 9, 2026 · 12:22 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 Stock | Sep 4, 2026 | M | 1,771 | $30.26 | A | 97,301 | D | |
| Common StockF1 | Sep 4, 2026 | F | 1,504 | $39.57 | D | 95,826 | 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 | $30.26 | Sep 4, 2026 | M | 1,771 | D | — | Jan 25, 2027 | Common Stock | 1,771 | 0 | D |
Explanation of responses
- F1The information provided reflects 29 shares acquired under the Company's DRIP since August 28, 2026 , which were not required to be reported on a Form 4. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.
- F2The options vested in four equal installments beginning January 25, 2018