COMMUNITY FINANCIAL SYSTEM, INC. — Director's Dealing 2022

Dec 6, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMMUNITY BANK SYSTEM, INC. (CBU)
CIK: 0000723188
Period of Report: 2022-12-02

Reporting Person: SUTARIS JOSEPH E (EVP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-02	Common Stock	M	2388	$35.36	Acquired	11262.9958	Direct
2022-12-02	Common Stock	F	1813	$64.91	Disposed	9449.9958	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-12-02	Stock Option	$35.36	M	2388	Disposed	2025-03-18	Common Stock (2388)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2196.8387	Indirect

Footnotes

F1: The option vests ratably on March 18, 2016, 2017, 2018, 2019 and 2020.