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Bay Pond Partners, L.P. reports a passive ownership stake in Orange County Bancorp, Inc., holding 543,779 shares representing 4.07% of the outstanding common stock. The filing shows Bay Pond has shared voting and shared dispositive power over those shares and no sole voting or dispositive power, indicating decision authority is shared rather than exercised alone.

The filer certifies the securities were not acquired to change or influence control of the issuer and are not held in connection with any transaction having that purpose. The filing classifies the reporting person as a PN (partnership) organized in Delaware.

Orange County Bancorp, Inc.'s common stock is reported as beneficially owned in aggregate by multiple Wellington entities totaling 966,410 shares, representing 7.23% of the class. The filing shows 0 sole voting power and 966,410 shared voting and dispositive power, indicating these shares are managed jointly by the Wellington group on behalf of clients. The Schedule states the securities are owned of record by clients of Wellington investment advisers and are held in the ordinary course of business, not for the purpose of changing or influencing control. Reporting persons are classified as holding companies and an investment adviser.

Orange County Bancorp reported a quarter with asset growth, higher earnings and a material capital raise. Total assets were $2,606,263, supported by $1,917,802 of loans (net $1,889,394 after an allowance of $28,408) and total deposits of $2,276,723. Cash and cash equivalents ended at $175,606. Stockholders' equity rose to $252,589 from $185,531, reflecting issuance of 1,978,494 shares and net capital proceeds of $43,685.

On the income statement, quarterly net income was $10,461 versus $8,213 a year earlier, and six鈥憁onth net income was $19,165 versus $17,503. Basic and diluted earnings per share were $0.87 for the quarter and $1.64 for six months. Net interest income increased to $25,140 for the quarter and noninterest income rose to $7,316. Credit metrics show a $2,113 provision for loan losses this quarter, an allowance for credit losses of $28,408, $11.7 million in nonaccrual loans (with a related ACL of ~$1.3 million), and unrealized losses on available鈥慺or鈥憇ale securities of $68,099 recorded in accumulated other comprehensive loss of ($61,436).

Orange County Bancorp, Inc. (OBT) 鈥� Form 4 filing dated 07/02/2025

Director Gregory F. Holcombe reported a routine compensation-related equity transaction. On 07/01/2025 he received 826 phantom stock units at a reference price of $26.49 per unit. Phantom stock is economically equivalent to common shares and will be settled in stock when the director separates from service.

Updated ownership after the transaction

• Direct common shares: 68,953
• Indirect common shares: 96,414 (held via foundation, LLC and trust)
• Derivative (phantom) units: 21,083

No common shares were bought or sold on the open market; the filing simply reflects an incremental increase in deferred compensation. The director continues to be classified as an inside director rather than a 10 % owner.

Because the award size (<鈥�$25 k) is immaterial relative to Mr. Holcombe鈥檚 existing 165 k+ share position and OBT鈥檚 public float, the filing is considered routine and carries limited market impact.

Orange County Bancorp, Inc. (OBT) 鈥� Form 4 filing dated 07/01/2025

Director Jonathan F. Rouis reported one reportable transaction: the acquisition of 170 shares of phantom stock on 07/01/2025 at a reference price of $26.49. Phantom stock is economically equivalent to common stock and will be settled in shares when the director separates from service. Following the grant, Rouis beneficially owns 5,630 phantom shares.

No open-market purchases or sales of OBT common stock were disclosed. The filing also restates the director鈥檚 current common-stock ownership: 9,295 shares held directly (including fully-vested restricted stock units) and 400 shares held indirectly through a spouse.

The grant appears to be routine director compensation and does not alter ownership percentages materially.