Director at Orrstown (NASDAQ: ORRF) receives 1,500 restricted shares

Rhea-AI Filing Summary

Rice Michael John reported acquisition or exercise transactions in this Form 4 filing.

Orrstown Financial Services director Michael John Rice reported a routine equity compensation grant. He received 1,500 shares of restricted common stock at $0.00 per share as a grant or award, with footnotes stating the restricted stock vests on various dates over the next 18 months. Following the grant, he directly holds 24,552 shares of Orrstown common stock and 2,500 restricted shares, reflecting his ongoing equity stake rather than an open-market purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Rice Michael John

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 — 24,552 shares (Direct, null)

Footnotes (1)

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Key Figures

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

5 metrics

Restricted stock grant 1,500 shares Grant of Orrstown restricted common stock to director Rice

Grant price per share $0.00 per share Reported price for the 1,500-share restricted stock award

Restricted shares after grant 2,500 shares Total restricted Orrstown shares held directly after transaction

Common shares held 24,552 shares Direct holdings of Orrstown common stock after reported transactions

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

Key Terms

Restricted stock, vesting, Grant, award, or other acquisition, non-derivative, +1 more

5 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.

Grant, award, or other acquisition financial

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

non-derivative financial

""transaction_type": "non-derivative""

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.

Form 4 Insider Transactions: What Each Field Means →

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)
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)
			Code	V	Amount	(A) or (D)	Price
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								24,552	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.	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)

FAQ

What did Orrstown (ORRF) director Michael John Rice report on this Form 4?

He reported receiving a grant of 1,500 shares of restricted Orrstown Financial Services common stock. This is a stock award, not an open-market trade, and reflects routine director compensation rather than a discretionary purchase or sale in the market.

How many Orrstown (ORRF) restricted shares did Michael John Rice receive?

Michael John Rice received 1,500 shares of restricted Orrstown Financial Services common stock. These shares were granted at a reported price of $0.00 per share, indicating a compensation award rather than a market transaction to buy stock at the prevailing trading price.

What are Michael John Rice’s Orrstown (ORRF) holdings after this transaction?

After the reported grant, Michael John Rice directly holds 24,552 shares of Orrstown common stock and 2,500 restricted shares. These figures come from the post-transaction ownership columns, showing his ongoing equity position as a company director following the stock award.

Is the 1,500-share Orrstown (ORRF) award a purchase or a compensation grant?

The 1,500-share transaction is a compensation grant, coded as “A” for grant or award. The shares were issued at $0.00 per share, which indicates an equity award rather than an open-market purchase funded with cash by the reporting person.

How do the restricted Orrstown (ORRF) shares for Michael John Rice vest?

The filing’s footnote states that the restricted stock vests on various dates over the next 18 months. This means the 1,500-share award will become fully vested in stages, aligning director compensation with longer-term company performance during that period.

Does this Orrstown (ORRF) Form 4 show any insider stock sales?

No insider stock sales are shown in this Form 4. The filing reflects a grant of 1,500 restricted shares to Michael John Rice and a separate holding entry, with no transactions identified as open-market sales or dispositions of Orrstown Financial Services common stock.