Trade Summary

5 months ago, Demarco David S., serving as Pres, CEO at Arrow Financial Corp (AROW), purchased 3,035 shares at $31.78 per share, for a total transaction value of $96,452.00. Following this transaction, Demarco David S. now holds 59,206 shares of AROW.

This purchase represents a 5.00% increase in Demarco David S.'s stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Wednesday, December 24, 2025 and publicly disclosed via SEC Form 4 filing on Tuesday, December 30, 2025 at 7:08 AM ET, 6 days after the trade was made.

Arrow Financial Corp operates in the FINANCIAL SERVICES sector, specifically within the BANKS - REGIONAL industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.