[Form 4] AUBURN NATIONAL BANCORPORATION, INC Insider Trading Activity
Anne M. May, a director of Auburn National Bancorporation, Inc. (AUBN), reported multiple non-derivative stock transactions dated 09/11/2025. The filing shows acquisitions of 222,275, 5,667, and 15,960 shares of common stock, and a reported disposal of 33,311 shares. Following the reported transactions, certain holdings are shown as indirect and described as held in trustee capacities for family trusts. The filing includes a note that 11,672 shares are subject to a durable Power of Attorney granted by Edward L. Spencer, III and that the Reporting Person disclaims beneficial ownership of those shares. The transactions are disclosed as transfers from estates and pour-over trust distributions and are stated to be exempt from Section 16(b) under Commission Rule 16b-5.
Anne M. May, direttore di Auburn National Bancorporation, Inc. (AUBN), ha riferito diverse operazioni azionarie non derivate datate 09/11/2025. Il deposito mostra l'acquisto di 222.275, 5.667 e 15.960 azioni ordinarie, e una cessione registrata di 33.311 azioni. A seguito delle operazioni riportate, alcune partecipazioni risultano indirette e descritte come detenute in fiducia per trust familiari. Il deposito include una nota secondo cui 11.672 azioni sono soggette a una procura duratura conferita da Edward L. Spencer, III e che la persona che presenta la dichiarazione nega la titolarità beneficiaria di tali azioni. Le operazioni sono indicate come trasferimenti da successioni e distribuzioni da trust di tipo pour-over e si afferma che sono esenti dall'articolo 16(b) ai sensi della Regola 16b-5 della Commissione.
Anne M. May, directora de Auburn National Bancorporation, Inc. (AUBN), reportó diversas operaciones de acciones no derivadas con fecha 09/11/2025. El formulario muestra adquisiciones de 222.275, 5.667 y 15.960 acciones comunes, y una venta reportada de 33.311 acciones. Tras las operaciones reportadas, algunas participaciones figuran como indirectas y descritas como mantenidas en calidad de fideicomisario para fideicomisos familiares. El archivo incluye una nota de que 11.672 acciones están sujetas a un poder notarial duradero otorgado por Edward L. Spencer, III y que la Persona Reportante niega la titularidad beneficiosa de dichas acciones. Las transacciones se divulgan como transferencias desde herencias y distribuciones de un trust de tipo pour-over y se indica que están exentas de la Sección 16(b) bajo la Regla 16b-5 de la Comisión.
Anne M. May는 Auburn National Bancorporation, Inc. (AUBN)의 이사로서 2025년 09월 11일로 날짜가 기재된 비파생 주식 거래를 여러 건 보고했습니다. 공시는 222,275, 5,667, 15,960 주의 일반주를 취득했고 33,311주의 처분을 보고했다고 밝힙니다. 보고된 거래 이후 일부 보유가 간접적으로 표시되며 가족 신탁의 수탁인으로 보유된 것으로 설명됩니다. 또한 11,672주가 Edward L. Spencer, III가 부여한 영구 위임장의 적용을 받으며 보고자는 해당 주식의 실질 소유권을 포기한다고 명시합니다. 거래는 유산에서의 이전 및 pour-over 신탁 분배로 공시되며 16b-5 규칙에 따라 16(b)항으로부터 면제된다고 명시됩니다.
Anne M. May, administratrice de l'Auburn National Bancorporation, Inc. (AUBN), a déclaré plusieurs transactions d'actions non dérivées datées du 11/09/2025. Le dépôt montre des acquisitions de 222 275, 5 667 et 15 960 actions ordinaires, et une cession déclarée de 33 311 actions. À la suite des transactions signalées, certaines participations apparaissent comme indirectes et décrites comme détenues en fiducie pour des trusts familiaux. Le dépôt comprend une note indiquant que 11 672 actions sont soumises à une procuration durable accordée par Edward L. Spencer, III et que la Personne Déclarante déclare ne pas détenir la propriété bénéficiaire de ces actions. Les transactions sont divulguées comme des transferts issus de successions et des distributions de trust « pour-over » et il est indiqué qu’elles sont exemptes de la Section 16(b) en vertu de la Règle 16b-5 de la Commission.
Anne M. May, eine Direktorin der Auburn National Bancorporation, Inc. (AUBN), meldete mehrere nicht abgeleitete Aktiengeschäfte mit dem Datum 09/11/2025. Das Formular verzeichnet Zukäufe von 222.275, 5.667 und 15.960 Stammaktien sowie eine gemeldete Veräußerung von 33.311 Aktien. Nach den gemeldeten Transaktionen zeigen bestimmte Bestände indirekte Anteile und werden als in Treuhandverhältnissen für Familientrusts gehalten beschrieben. Das Formular enthält eine Notiz, dass 11.672 Aktien einer dauerhaften Vollmacht unterliegen, die von Edward L. Spencer, III erteilt wurde, und dass die meldende Person die wirtschaftliche Eigentümerschaft dieser Aktien ablehnt. Die Transaktionen werden als Übertragungen aus Nachlässen und Pour-over-Ttrust-Verteilungen offengelegt und es wird angegeben, dass sie gemäß der Rule 16b-5 der Kommission von Abschnitt 16(b) befreit sind.
آن ماي، مدير/ة في Auburn National Bancorporation, Inc. (AUBN)، أبلغ عن عدة معاملات أسهم غير مشتقة بتاريخ 09/11/2025. يظهر الملف شراءات لـ 222,275، 5,667، و15,960 سهماً من الأسهم العادية، وتقرير بيع لـ 33,311 سهماً. بعد المعاملات المذكورة، تُعرض بعض الحيازات كـ غير مباشرة وتوصف بأنها مجرى حفظها بصفة أمينة لصالح أ trusts عائلية. يتضمن الملف ملاحظة بأن 11,672 سهماً خاضعة لسلطة توكيل دائم ممنوحة من إدوارد ل. سبنسر III وأن مقدّم البلاغ ينفي ملكيته المفيدة لتلك الأسهم. تُعلن المعاملات كتحويلات من التركات وتوزيعات trusts من نوع pour-over وأنها مستثناة من القسم 16(b) بموجب قاعدة 16b-5 الخاصة بالهيئة.
Anne M. May，Auburn National Bancorporation, Inc. (AUBN) 的董事，报告了日期为 09/11/2025 的多笔非衍生股票交易。申报显示购买了 222,275、5,667 和 15,960 股普通股，以及一笔 33,311 股的处置。交易后，部分持股显示为间接持有，并以家庭信托的受托人身份持有。申报中还提到 11,672 股受Edward L. Spencer, III 授予的永久授权书约束，且申报人对这些股票不享有受益所有权。交易被披露为遗产转移和 pour-over 信托分配，并据称符合委员会 Rule 16b-5 的规定，豁免于第 16(b) 条。
- Large share transfers are fully disclosed with trustee and estate context, supporting transparency
- Transactions are identified as exempt from Section 16(b) under Commission Rule 16b-5 due to inheritance/pour-over distributions
- No prices reported for the share transactions, limiting assessment of economic value
- Reporting Person disclaims beneficial ownership of 11,672 shares held under a Power of Attorney, creating complexity around actual control
Insights
TL;DR: Trustee-driven transfers and inheritance-related movements, disclosed and claimed exempt from short-swing liability.
The Form 4 documents multiple large share movements executed in trustee and fiduciary capacities, including acquisitions totaling substantial share counts and a disposal of 33,311 shares. The filing explicitly states these transfers arise from estate settlements and pour-over distributions, invoking the Rule 16b-5 exemption. The Reporting Person also disclaims beneficial ownership of shares held under a Power of Attorney. From a governance standpoint, the disclosure is appropriate for trustee transactions, but it highlights concentrated family-related ownership structures that investors may monitor for potential control implications.
TL;DR: Significant share movements recorded, but described as inheritance/trust transfers and thus not routine insider purchases.
The reported acquisitions of 222,275, 5,667, and 15,960 shares and the 33,311-share disposal represent material share-level changes by count. However, the filing clearly ties these to estate settlement and trustee distributions and cites the applicable exemption from Section 16(b) short-swing profit rules. The Reporting Person’s disclaimer concerning 11,672 shares under a Power of Attorney further clarifies beneficial ownership limits. For valuation impact, the filing provides transaction counts but does not include prices, limiting direct market-effect conclusions.
Anne M. May, direttore di Auburn National Bancorporation, Inc. (AUBN), ha riferito diverse operazioni azionarie non derivate datate 09/11/2025. Il deposito mostra l'acquisto di 222.275, 5.667 e 15.960 azioni ordinarie, e una cessione registrata di 33.311 azioni. A seguito delle operazioni riportate, alcune partecipazioni risultano indirette e descritte come detenute in fiducia per trust familiari. Il deposito include una nota secondo cui 11.672 azioni sono soggette a una procura duratura conferita da Edward L. Spencer, III e che la persona che presenta la dichiarazione nega la titolarità beneficiaria di tali azioni. Le operazioni sono indicate come trasferimenti da successioni e distribuzioni da trust di tipo pour-over e si afferma che sono esenti dall'articolo 16(b) ai sensi della Regola 16b-5 della Commissione.
Anne M. May, directora de Auburn National Bancorporation, Inc. (AUBN), reportó diversas operaciones de acciones no derivadas con fecha 09/11/2025. El formulario muestra adquisiciones de 222.275, 5.667 y 15.960 acciones comunes, y una venta reportada de 33.311 acciones. Tras las operaciones reportadas, algunas participaciones figuran como indirectas y descritas como mantenidas en calidad de fideicomisario para fideicomisos familiares. El archivo incluye una nota de que 11.672 acciones están sujetas a un poder notarial duradero otorgado por Edward L. Spencer, III y que la Persona Reportante niega la titularidad beneficiosa de dichas acciones. Las transacciones se divulgan como transferencias desde herencias y distribuciones de un trust de tipo pour-over y se indica que están exentas de la Sección 16(b) bajo la Regla 16b-5 de la Comisión.
Anne M. May는 Auburn National Bancorporation, Inc. (AUBN)의 이사로서 2025년 09월 11일로 날짜가 기재된 비파생 주식 거래를 여러 건 보고했습니다. 공시는 222,275, 5,667, 15,960 주의 일반주를 취득했고 33,311주의 처분을 보고했다고 밝힙니다. 보고된 거래 이후 일부 보유가 간접적으로 표시되며 가족 신탁의 수탁인으로 보유된 것으로 설명됩니다. 또한 11,672주가 Edward L. Spencer, III가 부여한 영구 위임장의 적용을 받으며 보고자는 해당 주식의 실질 소유권을 포기한다고 명시합니다. 거래는 유산에서의 이전 및 pour-over 신탁 분배로 공시되며 16b-5 규칙에 따라 16(b)항으로부터 면제된다고 명시됩니다.
Anne M. May, administratrice de l'Auburn National Bancorporation, Inc. (AUBN), a déclaré plusieurs transactions d'actions non dérivées datées du 11/09/2025. Le dépôt montre des acquisitions de 222 275, 5 667 et 15 960 actions ordinaires, et une cession déclarée de 33 311 actions. À la suite des transactions signalées, certaines participations apparaissent comme indirectes et décrites comme détenues en fiducie pour des trusts familiaux. Le dépôt comprend une note indiquant que 11 672 actions sont soumises à une procuration durable accordée par Edward L. Spencer, III et que la Personne Déclarante déclare ne pas détenir la propriété bénéficiaire de ces actions. Les transactions sont divulguées comme des transferts issus de successions et des distributions de trust « pour-over » et il est indiqué qu’elles sont exemptes de la Section 16(b) en vertu de la Règle 16b-5 de la Commission.
Anne M. May, eine Direktorin der Auburn National Bancorporation, Inc. (AUBN), meldete mehrere nicht abgeleitete Aktiengeschäfte mit dem Datum 09/11/2025. Das Formular verzeichnet Zukäufe von 222.275, 5.667 und 15.960 Stammaktien sowie eine gemeldete Veräußerung von 33.311 Aktien. Nach den gemeldeten Transaktionen zeigen bestimmte Bestände indirekte Anteile und werden als in Treuhandverhältnissen für Familientrusts gehalten beschrieben. Das Formular enthält eine Notiz, dass 11.672 Aktien einer dauerhaften Vollmacht unterliegen, die von Edward L. Spencer, III erteilt wurde, und dass die meldende Person die wirtschaftliche Eigentümerschaft dieser Aktien ablehnt. Die Transaktionen werden als Übertragungen aus Nachlässen und Pour-over-Ttrust-Verteilungen offengelegt und es wird angegeben, dass sie gemäß der Rule 16b-5 der Kommission von Abschnitt 16(b) befreit sind.
FAQ
What transactions did Anne M. May report on Form 4 for AUBN?
Are these transactions ordinary insider purchases or sales?
Does Anne M. May claim beneficial ownership of all reported shares?
What is the relationship between the reporting person and AUBN?
Were transaction prices disclosed in the Form 4?
