Mark J. Bolus - 06 Nov 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
Issuer symbol: CBU
Transactions as of: 06 Nov 2024
Net transactions value: -$136,345
Form type: 4
Filing time: 07 Nov 2024, 15:46:19 UTC
Previous filing: 20 Mar 2024
Next filing: 17 Jan 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBU	Common Stock	Options Exercise	$80,716	+2,123	+2.1%	$38.02	101,051	06 Nov 2024	Direct
transaction	CBU	Common Stock	Options Exercise	$69,624	+1,969	+1.9%	$35.36	103,020	06 Nov 2024	Direct
transaction	CBU	Common Stock	Sale	$152,433	-2,192	-2.1%	$69.54	100,828	06 Nov 2024	Direct	F1
transaction	CBU	Common Stock	Sale	$134,252	-1,900	-1.9%	$70.66	98,928	06 Nov 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	-2,123	-100%	$0.000000	0	06 Nov 2024	Common Stock	2,123	$38.02	Direct
transaction	CBU	Stock Option	Options Exercise	$0	-1,969	-100%	$0.000000	0	06 Nov 2024	Common Stock	1,969	$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.