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Chemung Financial officer plans sale of 5,160 shares

An officer has filed a Rule 144 notice to sell up to 5,160 shares of CHMG common stock through a broker.

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

Rhea-AI Filing Summary

Chemung Financial Corp (CHMG) received a Rule 144 notice covering planned sales of its common stock for the account of officer Cole Loren D. The filing states that up to 5,160 shares may be sold through Hovde Group, LLC on Nasdaq, with an aggregate value of $433,440.00 if all shares are sold. The notice, dated September 15, 2026, lists that these shares were acquired between May 2023 and August 2024 through compensation awards and transfers from other investments.

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Shares covered by Rule 144 notice 5,160 shares Total Chemung Financial Corp common shares stated as being sold
Aggregate value of shares $433,440.00 Total value for 5,160 CHMG common shares listed in the filing
Date of notice September 15, 2026 Date of the Rule 144 notice for planned CHMG share sales
Acquisition period start May 15, 2023 Earliest stated acquisition date for CHMG shares via transfer or compensation
Acquisition period end August 29, 2024 Latest stated acquisition date for CHMG shares via compensation
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Nasdaq market
"Common Stock | Hovde Group, LLC ... | 5160 | 433440.00 | 11663 | 09/16/2026 | Nasdaq"
The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.
Compensation financial
"Common Stock | 05/26/2023 | Compensation | Issuer | | | 22"
Participant Transfer in from other investments financial
"Common Stock | 05/15/2023 | Participant Transfer in from other investments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for CHMG disclose about planned share sales?
The Form 144 notice covers potential sales of up to 5,160 shares of Chemung Financial Corp (CHMG) common stock for officer Cole Loren D, to be sold through Hovde Group, LLC on Nasdaq under Rule 144.

What is the aggregate value of CHMG shares covered by this Form 144?
The filing lists an aggregate value of $433,440.00 for the 5,160 CHMG common shares covered by the Rule 144 notice, assuming all shares are sold.

Who is selling CHMG shares under this Rule 144 notice?
The notice states that the securities to be sold are for the account of Cole Loren D, identified as an officer of Chemung Financial Corp, with brokerage services provided by Hovde Group, LLC.

How and when were the CHMG shares in this Form 144 acquired?
According to the filing, the CHMG common shares were acquired between May 15, 2023 and August 29, 2024 through a mix of participant transfers in from other investments and multiple small compensation awards from the issuer.

When was the CHMG Form 144 notice filed?
The date of notice in the Form 144 is September 15, 2026, indicating when the planned Rule 144 sales of CHMG common stock were formally noticed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

Source: View Original Filing on SEC EDGAR

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