Coulter Michael J 4

What Happened

• Michael J. Coulter, EVP and Chief Legal Officer of Orange County Bancorp, had 499 shares disposed on March 10, 2026 as a payment of exercise price or tax liability (transaction code F). The shares were valued at $31.47 each, for a total of $15,704. This was a tax-withholding/disposition, not an open-market sale driven by a new purchase signal.

Key Details

• Transaction date and price: March 10, 2026 — 499 shares at $31.47 per share (total $15,704).
• Transaction type: F — payment of exercise price or tax liability (shares surrendered/withheld).
• Shares owned after transaction: not specified in the filing.
• Filing date: March 12, 2026; appears to be filed promptly (within typical Section 16 timing).
• Footnotes:
  • F1: Includes restricted stock units vesting 1/3 per year starting March 11, 2024.
  • F2: Includes restricted stock units vesting 1/3 per year starting March 21, 2025.
  • F3: Reflects transactions not required to be reported pursuant to Section 16.

Context

• A payment-of-tax/code-F disposition typically means the insider surrendered shares to cover taxes from vesting or option exercise (a tax-withholding action), not an independent judgmental sale that signals confidence. This is routine for option exercises or RSU vesting and should be viewed as an administrative transaction rather than a market-timing trade.