BROWN SARAH M 4

What Happened Sarah M. Brown, a director of Orrstown Financial Services, bought 406 shares on February 2, 2026, at $36.21 per share for a total purchase value of $14,701. The transaction is reported as a purchase (code P), indicating an acquisition rather than a sale—purchases by insiders are often viewed as a more direct signal of insider interest in the company.

Key Details

• Transaction date: 2026-02-02
• Price: $36.21 per share
• Shares acquired: 406; Total value: $14,701
• Transaction code: P (purchase — open market or private purchase)
• Shares owned after transaction: not reported in this Form 4
• Footnote: Acquired shares are restricted stock with various vesting dates over the next 18 months (see footnote F1)
• Filing timeliness: Form 4 filed 2026-02-04 (timely under the two-business-day reporting rule)

Context The filing documents a direct purchase of restricted stock by a company director. Restricted shares vest over time (here, over the next 18 months), so they may be subject to transfer or sale limitations until vesting occurs. This report does not state motivations; it simply records the acquisition and the vesting condition.