Insider Transactions Reported by 25 Insiders of ARROW FINANCIAL CORP

Insiders trading volume in the past year

	Insiders	Shares	%	Avg Price	Total $
Buys	3	+25,567	71.9%	$28.95	+$740,056
Sells	1	-10,000	28.1%	$26.15	-$261,500
Net	+2	+15,567	43.8%		+$478,556

Name	Relationship	Holdings Value	Past Year Net Change	Change %	Report Date
THOMAS L. HOY	Director, Chairman	$5,662,210			26 May 2023
Thomas J. Murphy	President & CEO, Director	$2,020,510			01 Feb 2023
DAVID G. KRUCZLNICKI	Director	$1,893,959			19 Dec 2025
GARY C. DAKE	Director	$1,639,790			09 Apr 2025
David S. DeMarco	President & CEO	$1,235,105			29 Jan 2025
Elizabeth Miller	Director	$1,231,134			08 Oct 2025
Raymond F. O'Conor	Director	$953,142	-$261,500	-21.5%	19 Dec 2025
Colin L. Read	Director	$886,522			08 Oct 2025
David D. Kaiser	Cco & Sevp	$812,297			29 Jan 2025
Penko Ivanov	SEVP, Treasurer and CFO	$783,109	+$585,055	+3%	04 Nov 2025
Tenee R. Casaccio	Director	$724,862			08 Oct 2025
Andrew J. Wise	SEVP, Chief Risk Officer	$687,379			10 Dec 2025
James M. Dawsey	Director	$504,524			08 Oct 2025
WILLIAM L. OWENS	Director	$389,797			29 May 2024
Michael B. Clarke	Director	$366,468			05 May 2022
Mark Behan	Director	$322,148			08 Oct 2025
GREGORY J. CHAMPION	Director	$274,219			08 Oct 2025
Daniel James White	Director	$207,664	+$149,430	+2.6%	10 Nov 2025
Philip C. Morris	Director	$201,762			11 Dec 2025
Michael Joseph Jacobs	EVP, Chief Information Officer	$187,603			29 Jan 2025
Marc Yrsha	SEVP, Chief Banking Officer	$187,476			29 Jan 2025
Kristine D. Duffy	Director	$166,602	+$5,571	+3.5%	08 Oct 2025
Edward J. Campanella	SVP, Treasurer & CFO	$158,005			26 Jan 2022
Brooke M. Pancoe	EVP, Chief HR Officer	$75,562			29 Jan 2025
Darrin Jahnel	Director				25 Nov 2025

Insider	Symbol	Class	Transaction	%	Value $	* Price $	Shares	Shares Owned	Date	Ownership

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