HOLCOMBE GREGORY F 4

What Happened
Gregory F. Holcombe, a director of Orange County Bancorp, reported a gift transaction on Feb 6, 2026. The Form 4 shows both a disposition and an acquisition of 34,720 shares each, both recorded at $0.00 (gift). The filing reports no cash value for these entries.

Key Details

• Transaction date: February 6, 2026; reported on Form 4 filed February 9, 2026.
• Transaction type/code: G (Gift) — both a disposition and an acquisition of 34,720 shares at $0.00.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes in the filing:
  • F1: Includes restricted stock units (RSUs) that vest 100% as of the grant date and are settled in shares upon separation.
  • F2: Includes RSUs that vest 100% on Feb 20, 2026 and are settled in shares upon separation.
  • F3: Phantom stock equals the economic equivalent of one common share and becomes payable upon a director’s separation of service.
• Filing timeliness: Form 4 was filed three days after the reported transaction (filed Feb 9 vs transaction Feb 6) — this appears to be later than the standard 2-business-day filing window.

Context
Gifts are transfers of ownership and do not necessarily indicate the insider’s view of the company’s prospects; they can reflect estate planning or transfers among accounts. The footnotes indicate some of the reported units are RSUs or phantom stock (deferred compensation payable or settled in shares upon separation), which are not the same as an open-market purchase.