Orange County Bancorp (OBT) director reports stock and phantom unit awards

Rhea-AI Filing Summary

Orange County Bancorp, Inc. (OBT) director reported updated equity holdings as of 12/16/2025. Following the reported transactions and holdings, the director beneficially owns 19,395 shares of common stock directly, 7,400 shares indirectly through a partnership, and 832 shares indirectly through a 401(k) plan.

The filing also shows a grant of 97 shares of phantom stock with an underlying value based on common stock at $28.95 per share, bringing the director’s total phantom stock holdings to 15,661 units. Certain restricted stock units vest immediately on the grant date and others vest 100% on February 20, 2026, all payable in common stock upon the director’s separation from service.

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^*

Keane Kevin J

(Last) (First) (Middle)

212 DOLSON AVENUE

(Street)

MIDDLETON NY 10940

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Orange County Bancorp, Inc. /DE/ [ OBT ]

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)
12/16/2025

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								19,395(1)(2)	D
Common Stock								7,400	I	By Partnership
Common Stock								832	I	By 401k

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
Phantom Stock	(3)	12/16/2025		A		97		(3)	(3)	Common Stock	97	$28.95	15,661	D

Explanation of Responses:

1. Includes restricted stock units which vest 100% as of the date of grant and are settled in shares of Issuer common stock upon separation from service of the reporting person.

2. Includes restricted stock units which vest 100% on February 20, 2026 and are settled in shares of Issuer common stock upon separation from service of the reporting person.

3. Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon the reporting person's separation of service as a director.

	/s/ Jennifer Staub, pursuant to power of attorney	12/17/2025
	** 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 activity did Orange County Bancorp (OBT) report on 12/16/2025?

The report shows a director updating their holdings as of 12/16/2025, including common stock, partnership and 401(k) holdings, plus additional phantom stock units tied to Orange County Bancorp common shares.

How many Orange County Bancorp (OBT) shares does the director own after this filing?

After the reported transactions, the director beneficially owns 19,395 common shares directly, 7,400 shares indirectly through a partnership, and 832 shares indirectly through a 401(k) plan.

What phantom stock transaction was reported for Orange County Bancorp (OBT)?

The filing reports an acquisition of 97 shares of phantom stock, economically equivalent to common stock and valued using a per-share price of $28.95, resulting in 15,661 phantom stock units held after the transaction.

How do the Orange County Bancorp (OBT) restricted stock units vest for this director?

Some restricted stock units vest 100% on the grant date, while others vest 100% on February 20, 2026. All are settled in Orange County Bancorp common stock when the director separates from service.

When does the Orange County Bancorp (OBT) phantom stock become payable to the director?

Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon the director’s separation from service.

Is the reporting person in the Orange County Bancorp (OBT) filing a 10% owner?

No. The relationship box indicates the reporting person is a director, and the 10% owner box is not selected.