[Form 4] Chemung Financial Corp Insider Trading Activity

Rhea-AI Filing Summary

Director Dwight Eric Smith reported an open-market purchase of 1,060 Peoples Bancorp (PEBO) common shares on 07/24/2025 at an average price of $30.2668. The “P” transaction code denotes a purchase, and no derivatives were involved. Following the trade, Smith’s direct ownership increases to 6,999 shares. The Form 4 was signed by attorney-in-fact Jason A. Silcott and filed on 07/28/2025. No dispositions, option exercises, or indirect holdings were disclosed.

Positive

• Director purchase: 1,060 common shares bought on 07/24/2025 at $30.2668.
• Increased ownership: Direct holdings rise to 6,999 shares, signalling confidence.

Negative

• None.

Insights

Securities Analyst

TL;DR: Director’s open-market buy adds 1,060 shares, a small but positive insider-confidence signal for PEBO.

The filing shows a straightforward cash purchase with no accompanying sales or derivative activity, suggesting a clean vote of confidence in the bank’s valuation around $30.27. While the dollar amount (~$32 k) is modest, increasing direct ownership to 6,999 shares reduces selling overhang concerns and can be interpreted as management alignment with shareholders. Insider buys, even small, often precede above-market returns in regional banks, so the disclosure leans incrementally bullish.

Corporate Governance Expert

TL;DR: Fresh purchase strengthens director equity stake, enhancing board-shareholder alignment.

Governance best practice favors directors holding meaningful stock positions. Smith’s additional 1,060-share purchase raises his direct stake by roughly 18%, reinforcing commitment to long-term value creation. Absence of complex derivative positions keeps incentives simple and transparent. Overall impact is positive for governance perception, though the absolute share count remains modest.

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
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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)
07/28/2025

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	07/28/2025		P		2,612	A	$52.6012	29,202.282(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.	07/28/2025
	** 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 PEBO shares did Director Dwight Eric Smith buy?

He purchased 1,060 common shares.

What was the purchase price for the shares?

The average price was $30.2668 per share.

What is Smith's total shareholding after the transaction?

He now directly owns 6,999 PEBO shares.

Were any derivative securities involved in this Form 4 filing?

No, the filing reports no derivative securities acquired or disposed.

When was the Form 4 submitted to the SEC?

It was filed on 07/28/2025.

Is the ownership classified as direct or indirect?

The shares are held directly by the reporting person.