Jones Elizabeth A 4

What Happened Elizabeth Jones, Chief Operating Officer of Orange County Bancorp (ticker: OBT), disposed of 220 shares on March 10, 2026 at $31.47 per share, for total proceeds of approximately $6,923. The transaction is reported under code F, indicating the shares were surrendered to cover tax withholding or exercise-related tax liabilities rather than a market sale for investment reasons.

Key Details

• Transaction date: 2026-03-10; Filed with SEC: 2026-03-12 (reported timely).
• Price and amount: 220 shares at $31.47 each; total ~ $6,923.
• Transaction code: F — payment of exercise price or tax liability (shares withheld/surrendered).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes on awards:
  • F1: Includes RSUs vesting 1/3 per year starting March 11, 2024.
  • F2: Includes RSUs vesting 1/3 per year starting March 21, 2025.
  • F3: Includes RSUs vesting 1/3 per year starting March 20, 2026.

Context Code F transactions are commonly used to satisfy tax withholding when restricted stock units vest or when options are exercised; they do not necessarily reflect a directional bet on the stock. This appears to be a routine withholding disposal tied to compensation awards rather than an open-market sale.