Franklin Financial (FRAF) EVP Steven Butz sells 1,400 common shares

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Franklin Financial Services EVP and CCSO Steven D. Butz sold 1,400 shares of Common Stock in an open-market transaction. The sale on May 26, 2026 was at an average price of $57.73 per share. After this transaction, he directly holds 5,610 shares.

Insights

Executive executed a modest open-market sale while retaining a meaningful stake.

Executive Vice President and CCSO Steven D. Butz completed an open-market sale of 1,400 shares of Franklin Financial Services Common Stock at $57.73 per share on May 26, 2026. This is a straightforward discretionary sale, not tied to options exercises or derivative activity.

Following the sale, Butz directly holds 5,610 shares. The transaction reduces his position but leaves a continuing ownership stake, suggesting this is a routine liquidity move rather than a full exit. There are no derivative positions disclosed in this filing, indicating no remaining options or similar instruments reported here.

Insider Trade Summary

Net Seller: 1,400 shares ($80,822)

Net Sell 1 txn

Insider Butz Steven D

Role EVP, CCSO

Sold 1,400 shs ($81K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,400	$57.73	$81K

Holdings After Transaction: Common Stock — 5,610 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 1,400 shares Sale price per share: $57.73 per share Shares held after transaction: 5,610 shares +1 more

4 metrics

Shares sold 1,400 shares Open-market sale of Common Stock on May 26, 2026

Sale price per share $57.73 per share Average price for 1,400 shares sold

Shares held after transaction 5,610 shares Direct holdings of Steven D. Butz following sale

Net shares sold 1,400 shares Net sell direction in transaction summary

Key Terms

open-market sale, Common Stock, Form 4, executive vice president

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

executive vice president financial

"officer_title": "EVP, CCSO""

An executive vice president is a high-ranking leader within a company who oversees major parts of its operations or strategies. Think of them as senior managers responsible for important areas, similar to a vice principal in a school hierarchy. Their role matters to investors because they help guide the company's success and decision-making at the top level.

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Form 4 Insider Transactions: What Each Field Means →

06/01/2026 - 11:55 AM

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^*

Butz Steven D

(Last)

(First)

(Middle)

1500 NITTERHOUSE DRIVE

(Street)

CHAMBERSBURG

PENNSYLVANIA

17201

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN FINANCIAL SERVICES CORP /PA/ [ FRAF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, CCSO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/26/2026		S		1,400	D	$57.73	5,610	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	Zoe R. Clayton by Power of Attorney for Steven D. Butz	06/01/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FRAF executive Steven D. Butz report?

Steven D. Butz reported selling 1,400 shares of Franklin Financial Services Common Stock. The open-market sale occurred on May 26, 2026 at an average price of $57.73 per share, as disclosed in a Form 4 insider trading report filed with regulators.

At what price did the FRAF executive sell his Franklin Financial shares?

The shares were sold at an average price of $57.73 per share. This price reflects the consideration received in the open-market sale of 1,400 Franklin Financial Services Common Stock shares reported by executive vice president and CCSO Steven D. Butz.

How many Franklin Financial (FRAF) shares does Steven D. Butz own after the sale?

After the reported transaction, Steven D. Butz directly owns 5,610 shares of Franklin Financial Services Common Stock. This post-transaction holding reflects his remaining stake following the open-market sale of 1,400 shares disclosed in the Form 4 filing.

Was the Franklin Financial (FRAF) insider trade a purchase or a sale?

The insider trade was a sale, not a purchase. Executive Steven D. Butz executed an open-market sale of 1,400 shares of Franklin Financial Services Common Stock, as indicated by the Form 4 transaction code "S" and description of a sale transaction.

Does the FRAF Form 4 show any option exercises or derivative securities?

The Form 4 does not report any option exercises or derivative transactions. It discloses only a single non-derivative transaction: an open-market sale of 1,400 shares of Franklin Financial Services Common Stock, with no remaining derivative positions listed in the filing.