Form 4 Filing for Arrow Financial Corp

David S. DeMarco, President & CEO of Arrow Financial Corp, reported transactions on August 28, 2026. He acquired 4,379 shares of Common Stock under employee stock options and also acquired 4,379 shares of Common Stock in a separate transaction. Concurrently, he disposed of 3,752 shares of Common Stock. Following these transactions, his direct ownership of Common Stock stands at 95,530 shares. Additionally, DeMarco holds 3,035 shares of Common Stock indirectly through a 401(k) plan. The filing also notes 44 shares acquired under the Company's Dividend Reinvestment Plan (DRIP) since August 17, 2026, which are included to reflect total insider holdings. The options vested in four equal installments starting January 25, 2018.