Chemung Financial (CHMG) Director Adds $265K in Stock – Form 4

Rhea-AI Filing Summary

Director Jeffrey B. Streeter of Chemung Financial Corp. (CHMG) filed a Form 4 disclosing the open-market purchase of 5,000 common shares on 07/25/2025 at an average cost of $52.9357 per share, an investment of roughly $264.7 K.

The transaction lifts Streeter’s direct holding to 26,590.282 shares, which includes fractional shares accumulated through the company’s Dividend Reinvestment Plan. No derivative securities were reported.

Insider buying—particularly by a board member—can signal confidence in the bank’s outlook and more closely align director and shareholder interests. While the purchase size is moderate, it represents a clear vote of confidence and adds to the recent pattern of dividend-related share accumulation.

Positive

• Director insider purchase: 5,000 shares acquired, indicating confidence and closer alignment with shareholders
• Increased ownership: stake rises to 26,590.282 shares, enhancing board member’s economic interest in CHMG

Negative

• None.

Insights

Securities Analyst

TL;DR: $265K insider buy by CHMG director is a modest but positive signal.

The $52.94 purchase price is close to recent trading levels, suggesting the director sees fair value rather than a deep bargain. For a community bank with limited liquidity, a 5,000-share order reduces float and shows tangible commitment. Though the amount is not transformational, insider purchases historically correlate with above-market returns for small-cap banks, especially when no sales accompany the buy. Overall market impact: slightly positive.

Corporate Governance Expert

TL;DR: Transaction strengthens alignment; no red flags detected.

The filing complies with Section 16 reporting deadlines, and the use of personal funds (code P) underscores genuine ownership expansion. Absence of derivative activity reduces complexity and potential hedging concerns. The cumulative stake (~26.6K shares) gives the director a more meaningful economic interest, which governance best practice views favorably. Impact rated positive but limited in scope—appropriate for a bank of CHMG’s size.

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)
07/25/2025

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	07/25/2025		P		5,000	A	$52.9357	26,590.282(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

How many CHMG shares did Director Jeffrey B. Streeter purchase?

He bought 5,000 common shares.

At what price were the CHMG shares bought?

The average purchase price was $52.9357 per share.

What is Streeter’s total CHMG ownership after the transaction?

His direct holdings increased to 26,590.282 shares.

Were any derivative securities involved in this Form 4 filing?

No; the filing reports only common stock purchases.

When did the transaction occur?

The purchase took place on 07/25/2025.

Does this filing suggest management confidence in CHMG?

Insider buying is generally viewed as a positive confidence signal.