Orrstown Financial (ORRF) EVP receives 15,000-share restricted stock grant

Rhea-AI Filing Summary

Alpert Matthew D reported acquisition or exercise transactions in this Form 4 filing.

Orrstown Financial Services, Inc. executive Matthew D. Alpert, EVP and Chief Wealth Officer, received a grant of 15,000 shares of the company’s common restricted stock on May 5, 2026 at $0.00 per share as an equity award. The restricted stock has various vesting dates over the next three years, and Alpert now directly holds 15,000 restricted shares following this grant.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Alpert Matthew D

Role EVP, Chief Wealth Officer

Type	Security	Shares	Price	Value
Grant/Award	Orrstown Financial Services, Inc. Common, Restricted Stock	15,000	$0.00	--

Holdings After Transaction: Orrstown Financial Services, Inc. Common, Restricted Stock — 15,000 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 15,000 shares Grant price per share: $0.00 per share Shares held after grant: 15,000 shares

3 metrics

Restricted stock grant 15,000 shares Common restricted stock awarded to EVP Matthew D. Alpert on May 5, 2026

Grant price per share $0.00 per share Transaction price for the 15,000 restricted shares

Shares held after grant 15,000 shares Total direct restricted stock holdings following the transaction

Key Terms

Restricted stock, vesting, Grant, award, or other acquisition

3 terms

Restricted stock financial

"Orrstown Financial Services, Inc. Common, Restricted Stock"

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 3 years."

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"

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^*

Alpert Matthew D

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Wealth Officer

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		15,000	A	$0	15,000(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 3 years.

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 insider transaction did ORRF executive Matthew D. Alpert report?

Matthew D. Alpert reported receiving 15,000 shares of Orrstown Financial Services common restricted stock as an equity award. The shares were granted at $0.00 per share and are structured as restricted stock with specified vesting dates over the next three years.

How many ORRF restricted shares were granted to Matthew D. Alpert?

Matthew D. Alpert was granted 15,000 shares of Orrstown Financial Services common restricted stock. This equity award increased his direct holdings of restricted shares to 15,000 following the transaction, according to the Form 4 insider filing data provided.

At what price were Matthew D. Alpert’s ORRF restricted shares granted?

The 15,000 shares of Orrstown Financial Services common restricted stock granted to Matthew D. Alpert carried a transaction price of $0.00 per share. This indicates a compensation-related equity award rather than an open-market purchase of the company’s stock.

When do Matthew D. Alpert’s ORRF restricted shares vest?

The restricted stock granted to Matthew D. Alpert has various vesting dates over the next three years. This means the 15,000 restricted shares will become fully earned and transferable in stages, according to the vesting schedule described in the Form 4 footnote.

What is Matthew D. Alpert’s role at Orrstown Financial Services (ORRF)?

Matthew D. Alpert serves as Executive Vice President and Chief Wealth Officer at Orrstown Financial Services. The Form 4 filing notes his officer status and title, providing context for the 15,000-share restricted stock equity award he received on May 5, 2026.