Lobach David M Jr

Insider trading profile for Lobach David M Jr at Embassy Bancorp Inc (emyb, ticker also shown as emby in some filings) -- 186 transactions since 2010-05-03 through 2026-06-15. Net BUYER profile: 50,324 shares acquired vs 191,707 sold. However, transaction composition is important: P-code (open-market purchase) transactions are the dominant recent activity, showing systematic small-scale accumulation: 2026-06-15 (500 at $21.45), 2026-06-08 (100 at $21.15 + 400 at $21.00 = 500), 2026-06-04 (100 at $20.61), 2026-03-19 cluster (1,000 shares at $19.70-$19.80 range), 2025-12-08 cluster (1,270 shares at $17.80), 2025-12-05 (1,000 at $17.70), 2025-12-03 (1,444 at $17.73), 2025-09-16 cluster (900 at $17.25-$17.40), 2025-09-11 (800 at $17.39-$17.40). A-code (acquisition/RSU vesting): 2025-12-15 (3,429 shares, null price). Key observation: the P-code purchases are small (100-500 share batches) but highly consistent -- this insider is buying Embassy Bancorp shares regularly in the open market at prices ranging $17-$21. This is a clear DISCRETIONARY BUY pattern, not mechanical vesting. Embassy Bancorp is a small-cap Pennsylvania regional bank; EMBY trades in the $17-$21 range currently. The 50,324-share buy total is meaningful relative to the small float. The historical sell total (191K) represents the earlier period (2010-2020) when the insider may have been diversifying or needed liquidity. The recent shift to consistent P-code buying is the key signal. Bullish read: this is a rare insider with demonstrable recent OPEN-MARKET BUYING activity at a small-cap bank. The consistency (monthly/quarterly buys since at least September 2025) and the dollar amounts ($17-$21 range) represent a deliberate accumulation strategy. The A-code acquisition in December 2025 (3,429 shares) further confirms the insider is building their position. This profile is the most bullish seen in this batch -- a long-tenured insider who has shifted from net-seller (historical) to systematic net-buyer (recent 12-18 months).