Orrstown director Rice sells 2,530 company shares

Orrstown Financial Services director Michael John Rice reported selling 2,530 shares of common stock on 2026-08-06 at $43.16 per share in a sale described as an open-market or private transaction.

Rhea-AI Filing Summary

Orrstown Financial Services director Michael John Rice reported selling 2,530 shares of common stock on 2026-08-06 at $43.16 per share in a sale described as an open-market or private transaction. Following the sale, he directly holds 22,022 common shares and 2,500 restricted shares that vest over the next 18 months.

The Rule 10b5-1 trading plan checkbox is not marked, so the sale is not reported as occurring under such a plan.

Insider Trade Summary

Net Seller: 2,530 shares

Net Sell 2 txns

Insider Rice Michael John

Role Director

Sold 2,530 shs ($109K)

Type	Security	Shares	Price	Value
Sale	Orrstown Financial Services, Inc, Common Stock	2,530	$43.16	$109K
holding	Orrstown Financial Services, Inc. Common, Restricted Stock F1	--	--	--

Holdings After Transaction: Orrstown Financial Services, Inc, Common Stock — 22,022 shares (Direct); Orrstown Financial Services, Inc. Common, Restricted Stock — 2,500 shares (Direct)

Footnotes (1)

1. F1. Restricted stock with various vesting dates over the next 18 months.

Key Figures

Shares sold: 2,530 shares Sale price per share: $43.16 Common shares held after sale: 22,022 shares +1 more

4 metrics

Shares sold 2,530 shares Common stock sale by director Michael John Rice on 2026-08-06

Sale price per share $43.16 Price for Orrstown Financial common stock sold on 2026-08-06

Common shares held after sale 22,022 shares Direct Orrstown Financial common stock holdings after reported sale

Restricted shares held 2,500 shares Direct restricted stock with various vesting dates over the next 18 months

Key Terms

restricted stock, vesting, open market or private transaction

3 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 financial

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

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

open market or private transaction financial

"Sale in open market or private transaction."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ORRF shares did director Michael John Rice sell?

Michael John Rice sold 2,530 ORRF common shares on 2026-08-06 at $43.16 per share. The transaction is coded as a sale in an open-market or private transaction and is reported as a direct ownership change.

What is Michael John Rice’s remaining ORRF ownership after this Form 4?

After the sale, Michael John Rice directly holds 22,022 ORRF common shares. He also directly holds 2,500 shares of restricted stock, which have various vesting dates over the next 18 months, according to the filing’s footnote.

Was Michael John Rice’s ORRF stock sale under a Rule 10b5-1 plan?

The sale is not indicated as being under a Rule 10b5-1 trading plan. The document-level Rule 10b5-1 checkbox is not marked, and no footnote describes the transaction as occurring pursuant to such a pre-arranged plan.

What price did Michael John Rice receive for his ORRF share sale?

He sold the 2,530 ORRF common shares at an average price of $43.16 per share. The transaction is reported as a standard per-share price sale in an open-market or private transaction on 2026-08-06.

What restricted ORRF shares does Michael John Rice hold?

Michael John Rice holds 2,500 ORRF restricted shares as a direct position. A footnote explains these are restricted stock with various vesting dates over the next 18 months, providing a schedule for when they may fully vest.

How many ORRF transactions are reported for Michael John Rice in this Form 4?

The Form 4 for ORRF reports one sale transaction of common stock totaling 2,530 shares and one holding entry showing 2,500 restricted shares with future vesting, giving a snapshot of both his traded and unvested positions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/07/2026 - 04:02 PM Accepted by SEC EDGAR 08/07/2026 - 04:01 PM Learn about SEC filing dates

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^*

Rice Michael John

(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)
08/06/2026

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)
			Code	V	Amount	(A) or (D)	Price
Orrstown Financial Services, Inc, Common Stock	08/06/2026		S		2,530	D	$43.16	22,022	D
Orrstown Financial Services, Inc. Common, Restricted Stock								2,500(1)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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

Remarks:

	/s/ Casara I Kieffer as P.O.A.	08/07/2026
	** 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)