Chemung Financial (CHMG) EVP reports tax-withholding stock disposition

Rhea-AI Filing Summary

Chemung Financial Corp Executive Vice President Kimberly A. Hazelton reported a Form 4 transaction involving company common stock. On February 27, she disposed of 104 shares at $55.52 per share as a tax-withholding disposition, and now directly holds 8,162 common shares.

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

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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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HAZELTON KIMBERLY A

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		F		104	D	$55.52	8,162	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:

Remarks:

	Kathleen E. Cook, Attorney-in-Fact, pursuant to Power of Attorney dated July 16, 2025	03/02/2026
	** 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).
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FAQ

What insider transaction did CHMG executive Kimberly A. Hazelton report?

Kimberly A. Hazelton reported a disposition of CHMG common stock tied to tax withholding. The Form 4 shows a transaction coded "F," meaning shares were delivered to cover tax liabilities rather than sold in an open-market trade.

How many CHEMUNG FINANCIAL CORP (CHMG) shares were disposed of in this Form 4?

The Form 4 reports that 104 shares of CHEMUNG FINANCIAL CORP common stock were disposed of. The transaction reflects a tax-withholding disposition, not a typical open-market sale, and is associated with Hazelton’s equity compensation obligations.

At what price per share was the CHMG tax-withholding disposition recorded?

The tax-withholding disposition was recorded at $55.52 per share for the CHMG common stock. This per-share value is used for the Form 4 reporting of the tax-related delivery rather than indicating a traditional market sale by the executive.

How many CHMG shares does Kimberly A. Hazelton hold after this transaction?

After the tax-withholding disposition, Hazelton directly holds 8,162 CHMG common shares. This post-transaction holding figure is disclosed in the Form 4 as "shares owned following transaction," confirming her remaining direct ownership in CHEMUNG FINANCIAL CORP stock.

What does transaction code "F" mean in the CHMG Form 4 filing?

Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this CHMG filing, it means Hazelton’s 104-share disposition was used to satisfy tax obligations tied to equity compensation, rather than being a discretionary open-market sale.

Is Kimberly A. Hazelton’s CHMG ownership direct or indirect after this Form 4?

Hazelton’s CHMG ownership reported in this Form 4 is direct. The filing lists the ownership type as "direct" and the ownership code as "D," showing that the 8,162 shares following the transaction are held directly in her name.