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Community Financial (CBU) files Form 144 to sell 1,440 RSU shares

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Form 144 notice for Community Financial System, Inc. (CBU) reports a proposed sale of 1,440 common shares on 08/26/2025 through Charles Schwab. The filing lists an aggregate market value of $87,887.09 and shows 52,857,077 shares outstanding. The securities being offered were acquired via RSU vesting: 758 shares on 03/01/2025 and 682 shares on 03/07/2025, with payment/consideration marked as N/A. The filer indicates no other securities sold in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information. The document is a regulatory notice of an intended insider sale and does not provide operational or financial performance details.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Small planned insider sale disclosed; not material to company valuation based on provided figures.

The filing shows an intended sale of 1,440 shares valued at $87,887.09 against 52,857,077 shares outstanding, indicating the transaction is immaterial in absolute terms relative to the outstanding share count. The shares were acquired through recent RSU vesting (03/01/2025 and 03/07/2025), which is a common insider liquidity event. There are no reported sales in the prior three months, suggesting this is an isolated planned disposition rather than ongoing pattern disclosure. From a market-impact perspective, the disclosed size and nature of acquisition (compensation vesting) do not indicate a material change to capital structure or ownership concentrations based on the data provided.

TL;DR: Filing appears procedurally complete and contains required attestations; no undisclosed risk indicators in the form.

The Form 144 includes required elements: class of security, broker information (Charles Schwab), number of shares, aggregate market value, acquisition dates and nature (RSU vesting), and the seller's attestations regarding material nonpublic information. The absence of prior three-month sales is documented. The filing does not present any compliance red flags within the form's scope. It does not, however, provide contextual company information related to operations or financial condition, which is outside the form's purpose.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does Community Financial System (CBU) disclose in this Form 144?

The filer intends to sell 1,440 common shares with an aggregate market value of $87,887.09 on 08/26/2025 via Charles Schwab.

How were the shares being sold acquired?

The shares were acquired through RSU vesting: 758 shares on 03/01/2025 and 682 shares on 03/07/2025.

Does the filing report other sales in the past three months?

No. The filing states Nothing to Report for securities sold during the past three months.

Which broker is handling the proposed sale?

The broker listed is Charles Schwab Corp., 3000 Schwab Way, Westlake, TX 76262 and the exchange is the NYSE.

What representation does the seller make about material nonpublic information?

By signing, the seller represents they do not know any material adverse information about the issuer that has not been publicly disclosed.
Community Financial System Inc

NYSE:CBU

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Banks - Regional
National Commercial Banks
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United States
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