Mark J. Bolus - Nov 6, 2024 Form 4 Insider Report for COMMUNITY FINANCIAL SYSTEM, INC. (CBU)

Role: Director
Signature: /s/ Danielle M. Cima, pursuant to a Confirming Statement executed by Mark J. Bolus
Stock symbol: CBU
Transactions as of: Nov 6, 2024
Transactions value $: -$136,345
Form type: 4
Date filed: 11/7/2024, 03:46 PM
Previous filing: Mar 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBU	Common Stock	Options Exercise	$80.7K	+2.12K	+2.15%	$38.02	101K	Nov 6, 2024	Direct
transaction	CBU	Common Stock	Options Exercise	$69.6K	+1.97K	+1.95%	$35.36	103K	Nov 6, 2024	Direct
transaction	CBU	Common Stock	Sale	-$152K	-2.19K	-2.13%	$69.54	101K	Nov 6, 2024	Direct	F1
transaction	CBU	Common Stock	Sale	-$134K	-1.9K	-1.88%	$70.66	98.9K	Nov 6, 2024	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CBU	Stock Option	Options Exercise	$0	-2.12K	-100%	$0.00	0	Nov 6, 2024	Common Stock	2.12K	$38.02	Direct
transaction	CBU	Stock Option	Options Exercise	$0	-1.97K	-100%	$0.00	0	Nov 6, 2024	Common Stock	1.97K	$35.36	Direct

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.15 to $70.03, inclusive. The reporting person undertakes to provide Community Financial System, Inc., any security holder of Community Financial System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.50 to $70.945, inclusive. The reporting person undertakes to provide Community Financial System, Inc., any security holder of Community Financial System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.15 to $70.03, inclusive. The reporting person undertakes to provide Community Financial System, Inc., any security holder of Community Financial System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.50 to $70.945, inclusive. The reporting person undertakes to provide Community Financial System, Inc., any security holder of Community Financial System, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.