Form 4: EFSI Director Sells Shares Under 10b5-1 Plan

Eagle Financial Services Inc. Director John D. Stokely Jr. sold 5,893 shares of common stock on October 29, 2025, pursuant to a pre-arranged trading plan.

Summary

• John D. Stokely Jr., a Director of Eagle Financial Services Inc. (EFSI), reported transactions involving the company's common stock.
• On October 29, 2025, Stokely sold 78 shares of common stock directly at a price of $36.6 per share.
• On the same date, Stokely, acting as a Trustee, sold 5,815 shares of common stock indirectly at a price of $36.6 per share.
• These transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan, indicating they were pre-scheduled.
• Following these transactions, Stokely directly beneficially owns 13,368.819 shares of common stock, which includes shares acquired through the Company's Dividend Investment Plan.
• Stokely no longer indirectly beneficially owns shares as a Trustee after the reported sale.

Sentiment

Score: 4

Explanation: The sale of shares by a director, even under a 10b5-1 plan, can be perceived as a slightly negative signal by the market, though the pre-planned nature mitigates some of the immediate concern. It's not a strong negative, but also not positive.

Positives

• The sales were conducted under a Rule 10b5-1(c) plan, indicating a pre-scheduled transaction rather than a reaction to immediate, non-public news, which can mitigate concerns about opportunistic insider selling.

Negatives

• A Director selling shares, even under a pre-arranged plan, can be perceived negatively by some investors, potentially signaling a belief that the stock is fully valued or that the insider is diversifying their holdings.

Risks

• Potential negative investor sentiment due to insider selling, which could put downward pressure on the stock price.
• While conducted under a 10b5-1 plan, significant insider selling can sometimes be interpreted as a lack of confidence in the company's near-term prospects.

Future Outlook

NA

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends. It is a routine disclosure of an insider's stock activity.

Corporate Governance

Related Party Transactions

• The sale of common stock by a Director of the company is considered a related party transaction due to the insider's relationship with the issuer.

Stakeholder Impact

• Shareholders may interpret the insider sale as a signal regarding the director's view on the company's future prospects or valuation, potentially leading to negative sentiment or increased scrutiny of the stock.

Key Dates

Recommendation

While insider selling can sometimes be a negative signal, this transaction was conducted under a Rule 10b5-1 plan, suggesting it was pre-scheduled and not necessarily indicative of new negative information. The volume of shares sold, while notable, does not represent a complete divestment. Investors should monitor future insider activity and company performance rather than reacting solely to this single pre-planned sale.

Keywords

EFSI, Eagle Financial Services, John D. Stokely Jr., Director, Insider Sale, Form 4, 10b5-1 Plan, Stock Transaction, Beneficial Ownership