ARROW FINANCIAL CORP — Director's Dealing 2025

Jul 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW FINANCIAL CORP (AROW)
CIK: 0000717538
Period of Report: 2025-07-09

Reporting Person: Miller Elizabeth (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-07-09	Common Stock	J	569	$27.47	Acquired	38380	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5847	Indirect

Footnotes

F1: Quarterly Director's Retainer Payment

F2: The information provided reflects 150 shares acquired under the Company's DRIP since April 09, 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.