AROW Arrow Financial Corporation

NASDAQ
$38.93

Arrow Financial Corporation (AROW) Insider Activity

What the officers, directors and large holders did with their own shares. Only open-market purchases and sales count toward the totals — grants, option exercises and shares withheld for tax are compensation mechanics, not decisions, and they're listed separately below.

Insider signal Bullish Insiders bought more than they sold over this window — uncommon at any size.
Cluster activity 0 buyers in the last 30 days 0 buyers in the last 90 days 1 seller in the last 90 days
Insiders buying
3
4 transactions
Insiders selling
1
1 transaction
Purchases
$194.3K
6,299 shares
Sales
$158.6K
4,110 shares
Net activity
$35.7K
purchases less sales

How much of that selling was preplanned? 0% planned / 100% discretionary

10b5-1 plan sales $0 0 transactions · 0 shares
Discretionary sales $158.6K 1 transaction · 4,110 shares

Largest single sale: $158.6K.

Where they traded

Buy Sell Dot area is proportional to transaction value.

Last open-market purchase: December 24, 2025 , by DeMarco David S. .

Recent open-market activity

Date Insider Role Action Shares Price Value Held after
Behan Mark Director Sell 4,110 $38.59 $158.6K 8,929 −31.5% of holding
DeMarco David S. President & CEO Buy 3,035 $31.78 $96.5K 3,035
White Daniel James Director Buy 1,644 $30.14 $49.6K 6,890
Ivanov Penko Krassimir 2 fills SEVP, Treasurer and CFO Buy 1,620 $29.82 $48.3K 26,394

Form 4s are due within two business days of a transaction, so this is close to real time — unlike the quarterly 13F data on the Institutional tab. A single large sale often reflects a prearranged 10b5-1 plan rather than a fresh view, so read a pattern of sales rather than any one of them.