Is the 1,500-share Orrstown (ORRF) award to Glenn W. Snoke an open-market purchase?

No, the 1,500-share award is classified as a grant or award acquisition, not an open-market purchase. It was issued at a stated price of $0.00 per share as part of compensation, with shares subject to vesting restrictions over time.

Director Glenn Snoke receives 1,500 Orrstown (ORRF) restricted shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

SNOKE GLENN W reported acquisition or exercise transactions in this Form 4 filing.

Orrstown Financial Services director Glenn W. Snoke received a grant of 1,500 shares of restricted common stock on May 5, 2026. The award was issued at a stated price of $0.00 per share as compensation rather than an open‑market purchase.

The footnotes state that this restricted stock will vest on various dates over the next 18 months, so the shares are subject to time-based restrictions before becoming fully available. After this grant, Snoke directly holds 2,500 shares of restricted stock and 40,570 shares of Orrstown Financial Services common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SNOKE GLENN W

Role null

Type	Security	Shares	Price	Value
Grant/Award	Orrstown Financial Services, Inc. Common, Restricted Stock	1,500	$0.00	--
holding	Orrstown Financial Services, Inc, Common Stock	--	--	--

Holdings After Transaction: Orrstown Financial Services, Inc. Common, Restricted Stock — 2,500 shares (Direct, null); Orrstown Financial Services, Inc, Common Stock — 40,570 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Restricted stock grant: 1,500 shares Grant price: $0.00 per share Restricted shares after grant: 2,500 shares +2 more

5 metrics

Restricted stock grant 1,500 shares Grant of restricted common stock on May 5, 2026

Grant price $0.00 per share Stated price for restricted stock award

Restricted shares after grant 2,500 shares Total directly held restricted stock following award

Common shares held 40,570 shares Directly held Orrstown common stock after reported transactions

Vesting period 18 months Restricted stock vests on various dates over next 18 months

Key Terms

Restricted stock, vesting dates, Grant, award, or other acquisition, non-derivative

4 terms

Restricted stock financial

"Restricted stock with various vesting dates over the next 18 months."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vesting dates financial

"Restricted stock with various vesting dates over the next 18 months."

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

non-derivative financial

""transaction_type": "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

05/06/2026 - 04:21 PM

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^*

SNOKE GLENN W

(Last)

(First)

(Middle)

4750 LINDLE ROAD

(Street)

HARRISBURG

PENNSYLVANIA

17111

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ORRSTOWN FINANCIAL SERVICES INC [ ORRF ]

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

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

2a. Foreign Trading Symbol

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

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)
Orrstown Financial Services, Inc. Common, Restricted Stock	05/05/2026		A		1,500	A	$0	2,500⁽¹⁾	D
Orrstown Financial Services, Inc, Common Stock								40,570	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:

1. Restricted stock with various vesting dates over the next 18 months.

Remarks:

	/s/ Casara I Kieffer as P.O.A.	05/06/2026
	** 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 did Orrstown (ORRF) director Glenn W. Snoke report in this Form 4?

Glenn W. Snoke reported receiving 1,500 shares of restricted common stock in Orrstown Financial Services as a compensation grant. The award was recorded at $0.00 per share and increases his directly held restricted stock position to 2,500 shares.

How many Orrstown (ORRF) restricted shares does Glenn W. Snoke hold after this transaction?

After this grant, Glenn W. Snoke directly holds 2,500 shares of Orrstown Financial Services restricted common stock. This total includes the newly granted 1,500 restricted shares, all of which are scheduled to vest on various dates over the next 18 months.

What are the vesting terms for Glenn W. Snoke’s Orrstown (ORRF) restricted stock grant?

The filing notes that Snoke’s restricted stock has various vesting dates over the next 18 months. This means the 1,500 awarded shares become fully available gradually during that period, assuming any applicable service or other vesting conditions are met.

How many Orrstown (ORRF) common shares does Glenn W. Snoke hold after the Form 4?

Following the reported transactions, Glenn W. Snoke directly holds 40,570 shares of Orrstown Financial Services common stock. This figure reflects his direct ownership position in the issuer’s common shares as of the transaction date described in the Form 4.

Does the Orrstown (ORRF) Form 4 for Glenn W. Snoke show any stock sales?

The Form 4 does not report any stock sales for Glenn W. Snoke. It shows a single compensation-related acquisition of 1,500 restricted shares and a separate entry reflecting his direct holding of 40,570 common shares, with no dispositions disclosed.