Orrstown Financial (ORRF) Director Michael Rice Sells 2,530 Shares

What Happened

• Michael Rice, a director of Orrstown Financial Services, sold 2,530 shares in an open-market/private sale on 2026-08-06 at $43.16 per share, for total proceeds of $109,195. This was a sale (S) reported on a Form 4 filed 2026-08-07.

Key Details

• Transaction date: 2026-08-06; Price: $43.16; Shares sold: 2,530; Total proceeds: $109,195.
• Filing date: 2026-08-07 (one day after the trade) — the filing appears timely.
• Shares owned after transaction: not specified in the information provided.
• Footnote: F1 notes restricted stock with various vesting dates over the next 18 months (applies to reported restricted holdings).

Context

• This was a straight sale, which many insiders undertake for personal or diversification reasons and does not by itself indicate company performance. The filing shows an open-market/private sale; no options exercise, gift, or tax-withholding event was reported for this transaction.