SEC Form 4

Arrow Financial Corp (AROW) insider trading

In the 12 months to Oct 26, 2026, one AROW insider reported open-market sales of $158.6K across 1 filing; 3 insiders bought $146.1K.

Latest filing Sep 25, 2026 · Last 12 months · Source: SEC EDGAR · How we count

Open-market sales: $158.6K; 1 filing · 1 insider
Open-market purchases: $146.1K; 3 filings

Who traded AROW, and when

Purchase
Sale

AROW daily closelast $38.72

Mark Behan · Director

$158.6K sold

David S. DeMarco · President & CEO

$96.5K bought

Daniel James White · Director

$49.6K bought

Penko Krassimir Ivanov · SEVP, Treasurer and CFO

$89 bought

One row per insider; marks sit at the SEC filing date, sized by dollar value.

Open-market trades

4 filings in the last 12 months

Insider	Role	Sold	Bought	Filings	Pre-arranged (10b5-1)	Last filed
Mark Behan	Director	$158.6K	—	1	—	Jun 22, 2026
David S. DeMarco	President & CEO	—	$96.5K	1	—	Dec 30, 2025
Daniel James White	Director	—	$49.6K	1	—	Nov 12, 2025
Penko Krassimir Ivanov	SEVP, Treasurer and CFO	—	$89	1	—	Nov 5, 2025

Filed	Insider	Type	Shares	Avg price	Value	Held after
Jun 22, 2026 traded Jun 17, 2026	Mark Behan Director	Sale	4,110	$38.59	$158.6K	8,929
Dec 30, 2025 traded Dec 24, 2025	David S. DeMarco President & CEO	Purchase	3,035	$31.78	$96.5K	3,035
Nov 12, 2025 traded Nov 10, 2025	Daniel James White Director	Purchase	1,644	$30.14	$49.6K	6,890
Nov 5, 2025 traded Nov 4, 2025	Penko Krassimir Ivanov SEVP, Treasurer and CFO	Purchase	3	$29.67	$89	26,394

GET /stocks/filings/vX/form-4?tickers=AROW&filing_date.gte=2025-10-26&sort=filing_date.desc&limit=500

{
  "status": "OK",
  "results": [
    {
      "tickers": [
        "AROW"
      ],
      "issuer_cik": "0000717538",
      "owner_cik": "0001692175",
      "accession_number": "0001692175-26-000006",
      "form_type": "4",
      "filing_date": "2026-06-22",
      "period_of_report": "2026-06-17",
      "issuer_name": "ARROW FINANCIAL CORP",
      "issuer_trading_symbol": "AROW",
      "owner_name": "Behan Mark",
      "is_director": true,
      "is_officer": false,
      "is_ten_percent_owner": false,
      "is_other": false,
      "security_type": "non_derivative",
      "record_type": "transaction",
      "security_title": "Common Stock",
      "transaction_timeliness": "O",
      "aff_10b5_one": false,
      "transaction_date": "2026-06-17",
      "transaction_code": "S",
      "equity_swap_involved": false,
      "transaction_shares": 4110,
      "transaction_price_per_share": 38.59,
      "transaction_acquired_disposed": "D",
      "shares_owned_following_transaction": 8929,
      "transaction_value": 158604.90000000002,
      "not_subject_to_section_16": false,
      "direct_or_indirect": "D"
    },
    {
      "tickers": [
        "AROW"
      ],
      "issuer_cik": "0000717538",
      "owner_cik": "0001463249",
      "accession_number": "0001463249-25-000005",
      "form_type": "4",
      "filing_date": "2025-12-30",
      "period_of_report": "2025-12-24",
      "issuer_name": "ARROW FINANCIAL CORP",
      "issuer_trading_symbol": "AROW",
      "owner_name": "DeMarco David S.",
      "is_director": false,
      "is_officer": true,
      "is_ten_percent_owner": false,
      "is_other": false,
      "officer_title": "President & CEO",
      "security_type": "non_derivative",
      "record_type": "transaction",
      "security_title": "Common Stock",
      "transaction_timeliness": "O",
      "aff_10b5_one": false,
      "transaction_date": "2025-12-24",
      "transaction_code": "P",
      "equity_swap_involved": false,
      "transaction_shares": 3035,
      "transaction_price_per_share": 31.78,
      "transaction_acquired_disposed": "A",
      "shares_owned_following_transaction": 3035,
      "transaction_value": 96452.3,
      "not_subject_to_section_16": false,
      "direct_or_indirect": "I",
      "nature_of_ownership": "By 401(k)"
    }
  ]
}

// trimmed to 2 results

The response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.

Query this data with the API

Other insider activity (not market trades) · 103 records

Option exercises16 records
Tax withholding14 records
Grants and awards19 records
Gifts11 records
Employee stock purchase plan1 record
Other42 records

Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.

How to read this page

Open-market purchase or sale: A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
Filing date: Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.

Frequently asked questions

Has Arrow Financial Corp's CEO sold stock?

No. David S. DeMarco (CEO) made no open-market sales filed as CEO in the last 12 months.

How current is AROW’s insider data?

These are AROW Form 4 filings from the last year, refreshed daily. The Massive Form 4 API has the full, continuously updated record.

What counts as an open-market buy or sell?

Only purchases and sales at the market price. Option exercises, grants, gifts, and shares withheld for taxes are reported on Form 4 but are left out of the buy and sell totals.

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Track AROW insider trades with your agent

This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:

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Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for AROW every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.

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