Fariello Daniel D 4

What Happened Daniel D. Fariello, President of the Capital Bank Division at Chemung Financial Corp. (CHMG), reported an open-market/private sale of 748 shares on 2026-02-04 at $61.13 per share, producing gross proceeds of approximately $45,725. The transaction is reported on a Form 4 filed 2026-02-05.

Key Details

• Transaction date and price: 2026-02-04 — 748 shares sold at $61.13 per share.
• Total proceeds: ~ $45,725.
• Filing date: Form 4 filed 2026-02-05 (timely; within the standard reporting window).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: F1 — shares include dividends issued periodically under the issuer's Dividend Reinvestment Plan (DRIP).
• Transaction code: S = Sale. No 10b5-1 plan, gift, or tax-withholding notation was indicated in the provided data.

Context Insider sales are often routine (for diversification, tax, or personal reasons) and do not by themselves signal company performance. Purchases generally carry more weight for interpreting insider confidence. This filing simply reports the sale and the DRIP-related footnote; it does not provide an explicit reason for the transaction.