Form 4 Filing for David G. Kruczlnicki

This filing details stock transactions by David G. Kruczlnicki, a director at Arrow Financial Corp. On December 19, 2025, Kruczlnicki acquired 1093 shares of Common Stock at $27.04 per share and disposed of 925 shares of Common Stock at $31.93 per share. Additionally, he exercised and disposed of 1093 Director Stock Options (Right to Buy) with an exercise price of $27.04, which vested in four equal installments ending January 27, 2025. Following these transactions, his post-transaction ownership of Common Stock stands at 59,316 shares.