[Form 4] Chemung Financial Corp Insider Trading Activity

Rhea-AI Filing Summary

Chemung Financial Corp. (CHMG) filed a Form 4 disclosing that Director Jeffrey B. Streeter purchased 3,285 common shares on 07/23/2025 at an average price of $53.1868 (transaction code P – open-market purchase). The transaction increases his direct beneficial ownership to 17,487.282 shares, which includes fractional shares accumulated through the company’s Dividend Reinvestment Plan.

No derivative securities were reported. The filing was signed on 07/24/2025 by an attorney-in-fact under power of attorney. As this is a director’s open-market buy of roughly $174 thousand, it may signal confidence in CHMG’s valuation and future prospects.

Positive

• Director purchased 3,285 shares in the open market, signaling personal confidence in CHMG’s prospects.
• Beneficial ownership increased to 17,487.282 shares, tightening alignment between board member and shareholders.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director’s $174k open-market buy is a modest but clear vote of confidence.

Open-market insider purchases are generally viewed as bullish, especially when executed by non-executive directors who are not compensated with large stock grants. Streeter’s acquisition lifts his stake by roughly 23% and occurs near the 52-week midpoint, suggesting he perceives shares as attractively priced. While the dollar value is not huge relative to the bank’s $230 m market cap, the buy contrasts with the broader regional-bank caution post-rate-cycle. Investors may infer improving outlook on margin stabilization and credit quality at CHMG. No red flags appear in the filing.

Corporate Governance Specialist

TL;DR: Transaction strengthens alignment between board and shareholders.

Board-level insider buying enhances governance by tightening ownership-performance alignment. The purchase was reported promptly and executed in compliance with Section 16(a) requirements, indicating sound disclosure practices. Absence of derivative activity and the use of personal funds (code P) reduce complexity and potential conflicts. Though not transformative in size, the action supports investor perception of a committed, engaged board.

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)
07/23/2025

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	07/23/2025		P		3,285	A	$53.1868	17,487.282(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.	07/24/2025
	** 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

What insider transaction did CHMG report on Form 4?

Director Jeffrey B. Streeter bought 3,285 shares of Chemung Financial common stock on 07/23/2025.

At what price were the CHMG shares purchased?

The shares were acquired at an average price of $53.1868 per share.

How many CHMG shares does the director own after the purchase?

Streeter now owns 17,487.282 shares directly.

What does transaction code "P" mean on a Form 4?

Code "P" denotes an open-market or private purchase of the issuer’s equity securities.

Did the filing report any derivative security activity?

No, Table II shows no derivative securities were acquired or disposed of.