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[Form 4] Chemung Financial Corp Insider Trading Activity

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Rhea-AI Filing Summary

Verve Therapeutics, Inc. (VERV) filed five Post-Effective Amendments to previously effective Form S-8 registration statements that together covered roughly 31.2 million shares of common stock reserved for the company’s 2018 Equity Incentive Plan, 2021 Stock Incentive Plan, Amended & Restated 2021 Employee Stock Purchase Plan and 2024 Inducement Stock Incentive Plan.

The amendments formally deregister all unsold shares because, on 25 July 2025, Ridgeway Acquisition Corp.—a subsidiary of Eli Lilly and Company—merged with Verve under the 16 June 2025 Merger Agreement, making Verve an indirect wholly-owned subsidiary of Lilly. As Verve will no longer issue equity under these plans or access the public markets, the company is terminating the effectiveness of each S-8 filing.

After these amendments become effective, no securities remain registered under the referenced statements, ending Verve’s obligations related to the plans as a standalone public issuer. The filing is administrative and does not provide financial results or forward-looking guidance.

Verve Therapeutics, Inc. (VERV) ha presentato cinque Emendamenti Post-Efficacia a precedenti dichiarazioni di registrazione Form S-8 già efficaci, che complessivamente riguardavano circa 31,2 milioni di azioni ordinarie riservate per il Piano di Incentivi Azionari 2018, il Piano di Incentivi Azionari 2021, il Piano di Acquisto Azionario per i Dipendenti 2021 modificato e aggiornato e il Piano di Incentivi Azionari di Induzione 2024.

Gli emendamenti formalizzano la cancellazione della registrazione di tutte le azioni non vendute poiché, il 25 luglio 2025, Ridgeway Acquisition Corp.—una controllata di Eli Lilly and Company—si è fusa con Verve secondo l'Accordo di Fusione del 16 giugno 2025, rendendo Verve una controllata indiretta interamente posseduta da Lilly. Poiché Verve non emetterà più azioni nell’ambito di questi piani né accederà ai mercati pubblici, la società sta terminando l’efficacia di ciascuna dichiarazione S-8.

Dopo l’entrata in vigore di questi emendamenti, non rimarranno titoli registrati sotto le dichiarazioni menzionate, ponendo fine agli obblighi di Verve relativi ai piani come emittente pubblico indipendente. La presentazione è di natura amministrativa e non fornisce risultati finanziari né indicazioni previsionali.

Verve Therapeutics, Inc. (VERV) presentó cinco Enmiendas Post-Efectivas a declaraciones de registro Form S-8 previamente vigentes, que en conjunto cubrían aproximadamente 31.2 millones de acciones comunes reservadas para el Plan de Incentivos de Capital 2018, el Plan de Incentivos de Acciones 2021, el Plan de Compra de Acciones para Empleados 2021 Modificado y Reexpresado, y el Plan de Incentivos de Acciones de Inducción 2024 de la empresa.

Las enmiendas formalmente cancelan la inscripción de todas las acciones no vendidas debido a que, el 25 de julio de 2025, Ridgeway Acquisition Corp.—una subsidiaria de Eli Lilly and Company—se fusionó con Verve bajo el Acuerdo de Fusión del 16 de junio de 2025, convirtiendo a Verve en una subsidiaria indirecta propiedad total de Lilly. Dado que Verve ya no emitirá acciones bajo estos planes ni accederá a los mercados públicos, la compañía está terminando la vigencia de cada declaración S-8.

Después de que estas enmiendas entren en vigor, no quedarán valores registrados bajo las declaraciones referidas, poniendo fin a las obligaciones de Verve relacionadas con los planes como emisor público independiente. La presentación es administrativa y no proporciona resultados financieros ni proyecciones futuras.

Verve Therapeutics, Inc. (VERV)는 이전에 효력이 있었던 Form S-8 등록서류에 대해 다섯 건의 사후 효력 수정안(Post-Effective Amendments)을 제출했으며, 이들은 회사의 2018년 주식 인센티브 플랜, 2021년 주식 인센티브 플랜, 수정 및 재작성된 2021년 직원 주식 구매 플랜, 2024년 유도 주식 인센티브 플랜에 대해 약 3,120만 주의 보통주를 포함하고 있습니다.

이 수정안들은 공식적으로 미판매 주식의 등록을 모두 말소하는 것으로, 2025년 7월 25일에 Ridgeway Acquisition Corp.—Eli Lilly and Company의 자회사—가 2025년 6월 16일 합병 계약에 따라 Verve와 합병하여 Verve가 Lilly의 간접 완전 자회사가 되었기 때문입니다. Verve는 더 이상 이 플랜들에 따라 주식을 발행하거나 공개 시장에 접근하지 않을 예정이므로, 회사는 각 S-8 등록서류의 효력을 종료하고 있습니다.

이 수정안들이 효력을 발휘한 후에는 참조된 등록서류 하에 등록된 증권이 남아 있지 않게 되어, 독립적인 공개 상장 발행인으로서 Verve의 플랜 관련 의무가 종료됩니다. 이 제출은 행정적인 절차이며 재무 결과나 미래 전망을 제공하지 않습니다.

Verve Therapeutics, Inc. (VERV) a déposé cinq Amendements Post-Efficaces à des déclarations d’enregistrement Form S-8 précédemment effectives, couvrant ensemble environ 31,2 millions d’actions ordinaires réservées pour le Plan d’Incitation en Actions 2018, le Plan d’Incitation en Actions 2021, le Plan d’Achat d’Actions des Employés 2021 modifié et révisé, ainsi que le Plan d’Incitation en Actions d’Induction 2024.

Ces amendements radient formellement toutes les actions non vendues car, le 25 juillet 2025, Ridgeway Acquisition Corp.—une filiale de Eli Lilly and Company—a fusionné avec Verve selon l’Accord de Fusion du 16 juin 2025, faisant de Verve une filiale indirecte en propriété exclusive de Lilly. Comme Verve ne procédera plus à l’émission d’actions dans le cadre de ces plans ni n’accèdera aux marchés publics, la société met fin à l’efficacité de chaque dépôt S-8.

Une fois ces amendements effectifs, aucun titre ne restera enregistré sous les déclarations mentionnées, mettant fin aux obligations de Verve liées aux plans en tant qu’émetteur public indépendant. Le dépôt est de nature administrative et ne fournit pas de résultats financiers ni de prévisions prospectives.

Verve Therapeutics, Inc. (VERV) hat fünf Nachwirkende Änderungen (Post-Effective Amendments) zu zuvor wirksamen Form S-8-Registrierungserklärungen eingereicht, die zusammen rund 31,2 Millionen Aktien des Stammaktienkapitals abdecken, die für den Aktienanreizplan 2018, den Aktienanreizplan 2021, den geänderten und neu gefassten Mitarbeiteraktienkaufplan 2021 sowie den Aktienanreizplan 2024 für Anreize reserviert sind.

Die Änderungen entregistrieren formell alle unverkäuflichen Aktien, da am 25. Juli 2025 Ridgeway Acquisition Corp.—eine Tochtergesellschaft von Eli Lilly and Company—im Rahmen der Fusionsvereinbarung vom 16. Juni 2025 mit Verve fusionierte, wodurch Verve eine indirekte hundertprozentige Tochtergesellschaft von Lilly wurde. Da Verve keine Aktien mehr unter diesen Plänen ausgeben oder den öffentlichen Markt nutzen wird, beendet das Unternehmen die Wirksamkeit jeder S-8-Anmeldung.

Nach Inkrafttreten dieser Änderungen bleiben keine Wertpapiere mehr registriert unter den genannten Erklärungen, womit die Verpflichtungen von Verve in Bezug auf die Pläne als eigenständiger börsennotierter Emittent enden. Die Einreichung ist administrativer Natur und enthält keine Finanzzahlen oder zukunftsgerichteten Aussagen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Filing completes administrative clean-up after Lilly acquisition; neutral financial impact, modest cost savings.

The deregistration confirms that the Lilly–Verve merger closed and Verve has ceased independent equity offerings. All unsold shares (≈31 M) from multiple incentive and ESPP plans are removed, eliminating lingering disclosure and listing obligations. This tidies Verve’s capital structure inside Lilly and modestly reduces compliance costs. Investors already crystallised value at merger closing; therefore, the amendment carries no incremental valuation impact but signals full integration progress and extinguishes any residual public float risk.

TL;DR: Routine step post-merger; confirms termination of employee equity plans as public instruments.

By withdrawing unsold plan shares, Verve meets Rule 478 duties and prevents inadvertent issuances of unregistered securities inside Lilly. Employees will now receive equity under Lilly’s compensation architecture. No governance red flags appear; signatures comply with Securities Act requirements and use Rule 478 to avoid additional signatories. Overall, this is a standard procedural filing with negligible investor impact.

Verve Therapeutics, Inc. (VERV) ha presentato cinque Emendamenti Post-Efficacia a precedenti dichiarazioni di registrazione Form S-8 già efficaci, che complessivamente riguardavano circa 31,2 milioni di azioni ordinarie riservate per il Piano di Incentivi Azionari 2018, il Piano di Incentivi Azionari 2021, il Piano di Acquisto Azionario per i Dipendenti 2021 modificato e aggiornato e il Piano di Incentivi Azionari di Induzione 2024.

Gli emendamenti formalizzano la cancellazione della registrazione di tutte le azioni non vendute poiché, il 25 luglio 2025, Ridgeway Acquisition Corp.—una controllata di Eli Lilly and Company—si è fusa con Verve secondo l'Accordo di Fusione del 16 giugno 2025, rendendo Verve una controllata indiretta interamente posseduta da Lilly. Poiché Verve non emetterà più azioni nell’ambito di questi piani né accederà ai mercati pubblici, la società sta terminando l’efficacia di ciascuna dichiarazione S-8.

Dopo l’entrata in vigore di questi emendamenti, non rimarranno titoli registrati sotto le dichiarazioni menzionate, ponendo fine agli obblighi di Verve relativi ai piani come emittente pubblico indipendente. La presentazione è di natura amministrativa e non fornisce risultati finanziari né indicazioni previsionali.

Verve Therapeutics, Inc. (VERV) presentó cinco Enmiendas Post-Efectivas a declaraciones de registro Form S-8 previamente vigentes, que en conjunto cubrían aproximadamente 31.2 millones de acciones comunes reservadas para el Plan de Incentivos de Capital 2018, el Plan de Incentivos de Acciones 2021, el Plan de Compra de Acciones para Empleados 2021 Modificado y Reexpresado, y el Plan de Incentivos de Acciones de Inducción 2024 de la empresa.

Las enmiendas formalmente cancelan la inscripción de todas las acciones no vendidas debido a que, el 25 de julio de 2025, Ridgeway Acquisition Corp.—una subsidiaria de Eli Lilly and Company—se fusionó con Verve bajo el Acuerdo de Fusión del 16 de junio de 2025, convirtiendo a Verve en una subsidiaria indirecta propiedad total de Lilly. Dado que Verve ya no emitirá acciones bajo estos planes ni accederá a los mercados públicos, la compañía está terminando la vigencia de cada declaración S-8.

Después de que estas enmiendas entren en vigor, no quedarán valores registrados bajo las declaraciones referidas, poniendo fin a las obligaciones de Verve relacionadas con los planes como emisor público independiente. La presentación es administrativa y no proporciona resultados financieros ni proyecciones futuras.

Verve Therapeutics, Inc. (VERV)는 이전에 효력이 있었던 Form S-8 등록서류에 대해 다섯 건의 사후 효력 수정안(Post-Effective Amendments)을 제출했으며, 이들은 회사의 2018년 주식 인센티브 플랜, 2021년 주식 인센티브 플랜, 수정 및 재작성된 2021년 직원 주식 구매 플랜, 2024년 유도 주식 인센티브 플랜에 대해 약 3,120만 주의 보통주를 포함하고 있습니다.

이 수정안들은 공식적으로 미판매 주식의 등록을 모두 말소하는 것으로, 2025년 7월 25일에 Ridgeway Acquisition Corp.—Eli Lilly and Company의 자회사—가 2025년 6월 16일 합병 계약에 따라 Verve와 합병하여 Verve가 Lilly의 간접 완전 자회사가 되었기 때문입니다. Verve는 더 이상 이 플랜들에 따라 주식을 발행하거나 공개 시장에 접근하지 않을 예정이므로, 회사는 각 S-8 등록서류의 효력을 종료하고 있습니다.

이 수정안들이 효력을 발휘한 후에는 참조된 등록서류 하에 등록된 증권이 남아 있지 않게 되어, 독립적인 공개 상장 발행인으로서 Verve의 플랜 관련 의무가 종료됩니다. 이 제출은 행정적인 절차이며 재무 결과나 미래 전망을 제공하지 않습니다.

Verve Therapeutics, Inc. (VERV) a déposé cinq Amendements Post-Efficaces à des déclarations d’enregistrement Form S-8 précédemment effectives, couvrant ensemble environ 31,2 millions d’actions ordinaires réservées pour le Plan d’Incitation en Actions 2018, le Plan d’Incitation en Actions 2021, le Plan d’Achat d’Actions des Employés 2021 modifié et révisé, ainsi que le Plan d’Incitation en Actions d’Induction 2024.

Ces amendements radient formellement toutes les actions non vendues car, le 25 juillet 2025, Ridgeway Acquisition Corp.—une filiale de Eli Lilly and Company—a fusionné avec Verve selon l’Accord de Fusion du 16 juin 2025, faisant de Verve une filiale indirecte en propriété exclusive de Lilly. Comme Verve ne procédera plus à l’émission d’actions dans le cadre de ces plans ni n’accèdera aux marchés publics, la société met fin à l’efficacité de chaque dépôt S-8.

Une fois ces amendements effectifs, aucun titre ne restera enregistré sous les déclarations mentionnées, mettant fin aux obligations de Verve liées aux plans en tant qu’émetteur public indépendant. Le dépôt est de nature administrative et ne fournit pas de résultats financiers ni de prévisions prospectives.

Verve Therapeutics, Inc. (VERV) hat fünf Nachwirkende Änderungen (Post-Effective Amendments) zu zuvor wirksamen Form S-8-Registrierungserklärungen eingereicht, die zusammen rund 31,2 Millionen Aktien des Stammaktienkapitals abdecken, die für den Aktienanreizplan 2018, den Aktienanreizplan 2021, den geänderten und neu gefassten Mitarbeiteraktienkaufplan 2021 sowie den Aktienanreizplan 2024 für Anreize reserviert sind.

Die Änderungen entregistrieren formell alle unverkäuflichen Aktien, da am 25. Juli 2025 Ridgeway Acquisition Corp.—eine Tochtergesellschaft von Eli Lilly and Company—im Rahmen der Fusionsvereinbarung vom 16. Juni 2025 mit Verve fusionierte, wodurch Verve eine indirekte hundertprozentige Tochtergesellschaft von Lilly wurde. Da Verve keine Aktien mehr unter diesen Plänen ausgeben oder den öffentlichen Markt nutzen wird, beendet das Unternehmen die Wirksamkeit jeder S-8-Anmeldung.

Nach Inkrafttreten dieser Änderungen bleiben keine Wertpapiere mehr registriert unter den genannten Erklärungen, womit die Verpflichtungen von Verve in Bezug auf die Pläne als eigenständiger börsennotierter Emittent enden. Die Einreichung ist administrativer Natur und enthält keine Finanzzahlen oder zukunftsgerichteten Aussagen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
STREETER JEFFREY B

(Last) (First) (Middle)
ONE CHEMUNG CANAL PLAZA
PO BOX 1522

(Street)
ELMIRA NY 14902-1522

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHEMUNG FINANCIAL CORP [ CHMG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
COMMON STOCK 07/24/2025 P 4,103 A $52.9067 21,590.282(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Includes dividends issued periodically under the Issuer's Dividend Reinvestment Plan.
Remarks:
Kathleen S. McKillip, Attorney-in-Fact, pursuant to Power of Attorney dated July 16, 2025. 07/25/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Why is Verve Therapeutics (VERV) filing Post-Effective Amendments to its S-8 forms?

Because Verve merged into Eli Lilly on 25 July 2025; it is terminating unsold shares under its equity plans and must deregister them.

How many shares are being deregistered by Verve Therapeutics?

Approximately 31.2 million common shares across five historical S-8 registration statements.

Does the filing affect the cash consideration VERV shareholders received in the Lilly merger?

No. Shareholders were paid at closing; the filing only removes unsold plan shares and has no impact on prior merger consideration.

What happens to Verve’s employee equity plans after deregistration?

The plans cease to issue public VERV stock; employees will transition to compensation programs administered by Eli Lilly.

Is Verve Therapeutics still a publicly traded company?

No. Following the merger, Verve became an indirect wholly-owned subsidiary of Eli Lilly and is no longer publicly listed.
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