DeMarco David S.

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PS: Planned sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value	Details
2022-08-23	2022-08-22	Arrow Financial Corp (AROW)	S Sale	175 -0.5% 34.35 USD 6,011	175 -0.5%	34.35	USD 6,011
2021-04-30	2021-04-30	Arrow Financial Corp (AROW)	S Sale	5,797 -16.3% 35.31 USD 204,692	5,797 -16.3%	35.31	USD 204,692
2020-12-03	2020-12-03	Arrow Financial Corp (AROW)	S Sale	1,412 -4.7% 30.00 USD 42,360	1,412 -4.7%	30.00	USD 42,360
2020-11-23	2020-11-20	Arrow Financial Corp (AROW)	S Sale	4,500 -13.7% 29.86 USD 134,381	4,500 -13.7%	29.86	USD 134,381
2020-11-23	2020-11-20	Arrow Financial Corp (AROW)	S Sale	100 -0.3% 29.78 USD 2,978	100 -0.3%	29.78	USD 2,978
2019-09-05	2019-09-05	Arrow Financial Corp (AROW)	S Sale	990 -3.6% 32.50 USD 32,175	990 -3.6%	32.50	USD 32,175