Read Colin L 4

What Happened

• Colin L. Read, a director of Arrow Financial Corp (AROW), reported gifting a total of 3,020 AROW shares in multiple transfers in May 2026. The transactions are recorded as gifts (transaction code G) and show $0.00 per share (no cash value reported).
• The gifts were reported on four dates: 1,876 shares on 2026-05-11, 525 shares on 2026-05-18, 500 shares on 2026-05-20, and 119 shares on 2026-05-26. Each transfer is recorded both as an acquisition and as a disposition at $0.00 in the filing (net effect is a transfer of shares rather than a sale).

Key Details

• Transaction dates and amounts: 2026-05-11 (1,876 sh), 2026-05-18 (525 sh), 2026-05-20 (500 sh), 2026-05-26 (119 sh); all at $0.00 per share (Gifts).
• Total shares transferred: 3,020 AROW shares; total cash value reported: $0.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: F1 states the reporting person disclaims beneficial ownership of these securities; the report “shall not be deemed an admission” of beneficial ownership.
• Filing timing: Form 4 filed on 2026-05-27 covering transactions from 2026-05-11 through 2026-05-26. Form 4s are typically due within two business days of a transaction, so this filing is later than the usual near-term reporting window.

Context

• Gifts are not purchases or sales and do not necessarily indicate the insider’s view of the company’s prospects; they often reflect personal, estate, or charitable planning.
• The presence of both “acquired” and “disposed” entries at $0.00 and the disclaimer of beneficial ownership suggest the filing is documenting transfers/gifts rather than routine open-market trading.