Brian D. Brunner - 01 Jul 2024 Form 4 Insider Report for ORRSTOWN FINANCIAL SERVICES INC (ORRF)

Role: Director
Signature: /s/ Casara I Kieffer as P.O.A.
Issuer symbol: ORRF
Transactions as of: 01 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 03 Jul 2024, 16:11:29 UTC
Previous filing: 17 Jun 2024
Next filing: 31 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ORRF	Orrstown Financial Services, Inc, Common Stock	Award	$0	+43,818		$0.000000	43,818	01 Jul 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares consist of 8,013 shares held individually by the reporting person and the remainder held jointly with the reporting person's spouse.
F2	On July 1, 2024, Codorus Valley Bancorp, Inc. (CVLY) merged with and into Orrstown Financial Services, Inc. (ORRF). Pursuant to the merger, each share of CVLY common stock held by the reporting person was converted into the right to receive 0.875 shares of ORRF common stock (the Exchange Ratio), with an amount in cash, without interest, to be paid in lieu of fractional shares at $25.40 per share. The closing price of ORRF common stock on June 28, 2024 was $27.36 per share.

Content

These shares consist of 8,013 shares held individually by the reporting person and the remainder held jointly with the reporting person's spouse.

On July 1, 2024, Codorus Valley Bancorp, Inc. (CVLY) merged with and into Orrstown Financial Services, Inc. (ORRF). Pursuant to the merger, each share of CVLY common stock held by the reporting person was converted into the right to receive 0.875 shares of ORRF common stock (the Exchange Ratio), with an amount in cash, without interest, to be paid in lieu of fractional shares at $25.40 per share. The closing price of ORRF common stock on June 28, 2024 was $27.36 per share.