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Planned sale of 2,500 Orrstown (NASDAQ: ORRF) shares filed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Orrstown Financial Services, Inc. received a notice of proposed sale under Rule 144 covering 2,500 shares of its common stock. The shares are expected to be sold on or about 02/05/2026 on the NASDAQ through Merrill Lynch.

The 2,500 shares have an aggregate market value of $94,500 based on the figures provided, compared with 19,507,208 shares of common stock outstanding. The seller acquired 3,062 shares on 07/01/2024 in a merger with Orrstown Financial Services, Inc., through an exchange of shares.

Positive

  • None.

Negative

  • None.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the Orrstown Financial Services (ORRF) Form 144 filing report?

The Form 144 reports a planned sale of 2,500 shares of Orrstown Financial Services common stock. These shares have an aggregate market value of $94,500 and are expected to be sold on NASDAQ through Merrill Lynch, subject to Rule 144 conditions.

How many Orrstown Financial Services (ORRF) shares are planned to be sold?

The notice covers a proposed sale of 2,500 shares of Orrstown Financial Services common stock. The aggregate market value for these shares is stated as $94,500, indicating the scale of the planned transaction relative to the company’s publicly traded stock.

When is the planned sale date in the Orrstown Financial Services (ORRF) Form 144?

The filing lists an approximate sale date of 02/05/2026 for the 2,500 Orrstown Financial Services common shares. This date reflects when the seller expects to begin transactions, subject to market conditions and Rule 144 requirements for resales of restricted or control securities.

How were the Orrstown Financial Services (ORRF) shares in this Form 144 acquired?

The filing states the common stock was acquired on 07/01/2024 in a merger with Orrstown Financial Services, Inc. The nature of the transaction is described as an exchange of shares, with 3,062 securities acquired from the issuer on that date.

What is the aggregate market value and share count outstanding for Orrstown (ORRF) in this filing?

The planned 2,500-share sale has an aggregate market value of $94,500. The document also notes 19,507,208 shares of Orrstown Financial Services common stock outstanding, providing context for the size of the planned Rule 144 transaction relative to total shares.

Which broker and exchange are involved in the Orrstown Financial Services (ORRF) Form 144 sale?

The notice identifies Merrill Lynch, located at 110 N. Duke Street, Lancaster, PA 17602, as the broker handling the sale. The securities are expected to be sold on the NASDAQ exchange as common stock of Orrstown Financial Services, Inc.
Orrstown Finl Svcs Inc

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