[Form 4] Embassy Bancorp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Bernard M. Lesavoy, a director of Embassy Bancorp, Inc. (EMYB), reported transactions on Form 4 showing an open-market purchase and multiple holdings and dispositions. On 09/11/2025 he purchased 1,191 shares at $17.00, increasing an indicated beneficial position to 50,254 shares (indirect) held by an IRA. The filing also lists a disposition of 129,564.6342 shares and various indirect holdings reported for family trusts, spouse IRA, and an entity named Red Bird Associates LLC.

Positive

• Open-market purchase recorded: 1,191 shares acquired at $17.00 on 09/11/2025
• Significant retained indirect holdings: 50,254 shares indicated as held indirectly by an IRA

Negative

• Large disposition reported: 129,564.6342 shares marked as disposed (no price or context provided in this filing)
• Multiple indirect holdings across family accounts and entities: complexity may obscure precise control or intent

Insights

Financial Analyst

TL;DR: Director made a small open-market buy but filing shows a much larger disposal, producing a mixed signal on insider activity.

The Form 4 records a purchase of 1,191 shares at $17.00 on 09/11/2025, which is modest in size. Offsetting that, the report includes a large disposition line of 129,564.6342 shares and multiple indirect holdings across IRAs, PUGTMA accounts for family members, and an LLC. For investors this is neutral overall: the small buy may reflect routine allocation while the sizable disposal is material in absolute terms but the filing does not provide context or prices for that disposition. No derivatives are reported. Impact on float or control cannot be determined from this single filing.

Corporate Governance Expert

TL;DR: Report shows standard Section 16 disclosure with mixed insider behavior and multiple indirect ownership vehicles.

The disclosure indicates the reporting person is a director and files individually. Ownership is held directly and indirectly via an IRA, spouse IRA, family PUGTMA accounts, and Red Bird Associates LLC, which is common for estate and family planning. The presence of both a purchase and a large disposition in the same filing underscores the need to review prior filings for pattern, timing, and whether dispositions relate to estate planning or other non-operational reasons. The document is properly signed under power of attorney.

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).

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^*

Lesavoy Bernard M

(Last) (First) (Middle)

ONE WINDSOR PLAZA, SUITE 200

7535 WINDSOR DR.

(Street)

ALLENTOWN PA 18195-1014

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Embassy Bancorp, Inc. [ emby ]

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)
09/11/2025

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	09/11/2025		P		1,191	A	$17	50,254	I	By IRA
Common Stock								129,564.6342	D
Common Stock								10,473.727	I	As PUGTMA for daughter
Common Stock								8,628.9651	I	As PUGTMA for son
Common Stock								7,802.1357	I	As PUGTMA for son
Common Stock								2,839	I	By Spouse IRA
Common Stock								1,564.6084	I	By Red Bird Associates LLC

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:

	Laura A. Suplee for Bernard M. Lesavoy under Power of Attorney dated January 19, 2018	09/12/2025
	** 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 Bernard M. Lesavoy report on Form 4 for EMYB?

The filing reports a purchase of 1,191 shares at $17.00 on 09/11/2025 and a reported disposition of 129,564.6342 shares.

How much beneficial ownership did the filing show after the reported purchase?

The filing indicates 50,254 shares beneficially owned indirectly by an IRA following the reported transaction.

Are there indirect ownership interests disclosed by the reporting person?

Yes. The Form 4 lists indirect holdings through an IRA, spouse IRA, PUGTMA accounts for daughter and son, and Red Bird Associates LLC.

Was any derivative (options, warrants) activity reported in this Form 4?

No. Table II for derivative securities contains no reported transactions or holdings.

Who signed the Form 4 on behalf of the reporting person?

The form is signed by Laura A. Suplee under a Power of Attorney dated January 19, 2018, with signature dated 09/12/2025.