AROW insider buying and SEC filings, explained

Arrow Financial Corp. · CIK 717538

Tracked: Forms 3/4/5, 8-K, NT · All filings on sec.gov

Insider activity in the last 12 months

Bought

$194K

Insiders who bought

Sold (not marked 10b5-1)

$159K

Planned sales (10b5-1)

Traded	Type	What was filed	Source
Jun 17, 2026	Sale	Mark Behan (Director) sold 4,110 shares at $38.59 ($159K). Holdings down 32% to 8,929 shares. Not marked as a 10b5-1 plan trade.	SEC filing Filed Jun 22, 2026
Dec 24, 2025	Purchase (code P)	David S. DeMarco (CEO) bought 3,035 shares indirectly (by retirement or benefit plan) at $31.78 ($96K), reported as a purchase (code P). New position of 3,035 shares. Not marked as a 10b5-1 plan trade.	SEC filing Filed Dec 30, 2025
Nov 10, 2025	Purchase (code P)	Daniel James White (Director) bought 1,644 shares at $30.14 ($50K), reported as a purchase (code P). Holdings up 31% to 6,890 shares. Not marked as a 10b5-1 plan trade.	SEC filing Filed Nov 12, 2025
Nov 4, 2025	Purchase (code P)	Penko Krassimir Ivanov (CFO) bought 1,620 shares at about $29.82 ($48K), reported as a purchase (code P). Holdings up 7% to 26,394 shares. Not marked as a 10b5-1 plan trade.	SEC filing Filed Nov 5, 2025

77 routine transactions (such as grants, option exercises or tax withholding) are not listed.

$98K in purchases since Nov 4, 2025 · Purchases traded Nov 4, 2025 to Nov 10, 2025 · Closed

Insider	Value	Traded	Source
Penko Krassimir Ivanov (CFO)	$48K	Nov 4, 2025	SEC filing
Daniel James White (Director)	$50K	Nov 10, 2025	SEC filing

No red flags in the last 12 months.

No key events in the last 12 months.

No 8-K filings in the last 12 months.

Red flags are objective triggers only: the item or form filed, never an opinion.

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