Orrstown Financial (ORRF) Director Joel Zullinger Gifts 120 Shares

What Happened
Director Joel R. Zullinger reported a gift (code G) of 120 shares of Orrstown Financial Services Inc. on 2026-07-30. The shares were disposed at $43.49 per share for a total reported value of $5,219. This was a gift (not a sale), which is a non-market transfer and does not necessarily reflect the insider's view of the company.

Key Details

• Transaction date: 2026-07-30; Price: $43.49 per share; Shares transferred: 120; Total value: $5,219.
• Filing date (Form 4): 2026-08-03 — filed within the SEC two-business-day deadline for Form 4s.
• Footnote F1: Reporting person holds 3,485 shares jointly with spouse.
• Footnote F2: Some reported holdings are restricted stock with various vesting dates over the next ~18 months.
• No 10b5-1 plan or other trading plan is disclosed in this filing.

Context
Gifts are treated as disposals for reporting purposes and typically represent transfers to family members, trusts or charities; they are not considered the same as an open-market sale and do not by themselves indicate insider sentiment about the stock. The size and value of this transfer are modest relative to typical institutional trades.