ARROW FINANCIAL CORP — Director's Dealing 2025

Aug 8, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW FINANCIAL CORP (AROW)
CIK: 0000717538
Period of Report: 2025-08-06

Reporting Person: Ivanov Penko Krassimir (SEVP, Treasurer and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-08-06	Common Stock	P	1425	$26.50	Acquired	7709	Direct

Footnotes

F1: The information provided reflects 10 shares acquired under the Company's DRIP, 229 shares acquired through the company's ESPP, and 238 shares acquired through the company's ESOP since January 29, 2025, which were not required to be reported on a Form 4. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.