Form 4: Orange County Bancorp Director Gifts Shares to Trusts

Gregory F. Holcombe, a Director at Orange County Bancorp, Inc., reported gifting a total of 69,440 shares of common stock to entities he beneficially owns, effective December 5, 2025.

Summary

• Gregory F. Holcombe, a Director of Orange County Bancorp, Inc. (OBT), reported changes in his beneficial ownership of common stock.
• On December 5, 2025, Mr. Holcombe disposed of 34,720 shares of common stock directly via gift, which are now indirectly owned by an LLC.
• On the same date, 34,720 shares of common stock were acquired indirectly via gift by Trust 2, which Mr. Holcombe beneficially owns.
• These transactions represent a total movement of 69,440 shares from direct ownership to indirect beneficial ownership through an LLC and a Trust.
• Following these transactions, Mr. Holcombe's direct beneficial ownership of common stock is 68,953 shares, which includes restricted stock units.
• His indirect beneficial ownership includes 14,920 shares via a Foundation, 34,720 shares via an LLC, 12,054 shares via Trust 1, and 34,720 shares via Trust 2.
• He also beneficially owns 22,061 shares of phantom stock directly, which are economic equivalents of common stock payable upon separation from service.

Sentiment

Score: 5

Explanation: The filing reports insider transactions (gifts) which are generally neutral for company performance. The future dates are unusual but do not inherently indicate positive or negative sentiment about the company.

Positives

• The transactions represent a strategic restructuring of personal holdings, potentially for estate planning, rather than a sale for cash.
• The director maintains significant beneficial ownership in the company through various direct and indirect holdings, totaling 187,428 shares (including phantom stock).

Negatives

• A reduction in direct share ownership by 34,720 shares, although offset by an increase in indirect ownership.

Future Outlook

NA

Industry Context

Form 4 filings are routine disclosures for insiders and typically do not provide industry context. These transactions reflect individual director's financial planning.

Related Party Transactions

• Gifts of common stock were made to an LLC and a Trust, which the reporting person beneficially owns, constituting related party transactions.

Stakeholder Impact

• Shareholders: Minimal direct impact on company operations or valuation. The director maintains significant beneficial ownership, aligning interests.
• Employees, Customers, Suppliers, Creditors: No direct impact from these insider transactions.

Next Steps

• Certain restricted stock units held by the director are scheduled to vest on February 20, 2026.

Key Dates

Keywords

Orange County Bancorp, OBT, Gregory F. Holcombe, Director, SEC Form 4, Beneficial Ownership, Stock Gift, Common Stock, Restricted Stock Units, Phantom Stock