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CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
> AROW
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2023 | ARROW FINANCIAL CORP | AROW | 19,322 | -467 | 389,145,000 | -103,799,000 | $20,140.00 |
| 03/31/2023 | ARROW FINANCIAL CORP | AROW | 19,789 | -221 | 492,944,000 | -185,395,000 | $24,910.00 |
| 12/31/2022 | ARROW FINANCIAL CORP | AROW | 20,010 | 224 | 678,339,000 | 677,769,000 | $33,900.00 |
| 09/30/2022 | ARROW FINANCIAL CORP | AROW | 19,786 | 257 | 570,000 | -51,000 | $28.81 |
| 06/30/2022 | ARROW FINANCIAL CORP | AROW | 19,529 | 49 | 621,000 | -11,000 | $31.80 |
| 03/31/2022 | ARROW FINANCIAL CORP | AROW | 19,480 | -1,612 | 632,000 | -111,000 | $32.44 |
| 12/31/2021 | ARROW FINANCIAL CORP | AROW | 21,092 | 503 | 743,000 | 36,000 | $35.23 |
| 09/30/2021 | ARROW FINANCIAL CORP | AROW | 20,589 | 1,975 | 707,000 | 38,000 | $34.34 |
| 06/30/2021 | ARROW FINANCIAL CORP | AROW | 18,614 | -1,232 | 669,000 | 8,000 | $35.94 |
| 03/31/2021 | ARROW FINANCIAL CORP | AROW | 19,846 | 0 | 661,000 | 67,000 | $33.31 |
| 12/31/2020 | ARROW FINANCIAL CORP | AROW | 19,846 | 578 | 594,000 | 21,000 | $29.93 |
| 06/30/2020 | ARROW FINANCIAL CORP | AROW | 19,268 | 0 | 573,000 | 36,000 | $29.74 |
| 03/31/2020 | ARROW FINANCIAL CORP | AROW | 19,268 | -612 | 537,000 | -214,000 | $27.87 |
| 12/31/2019 | ARROW FINANCIAL CORP | AROW | 19,880 | 0 | 751,000 | 87,000 | $37.78 |
| 09/30/2019 | ARROW FINANCIAL CORP | AROW | 19,880 | 809 | 664,000 | 2,000 | $33.40 |
| 06/30/2019 | ARROW FINANCIAL CORP | AROW | 19,071 | 374 | 662,000 | 47,000 | $34.71 |
| 03/31/2019 | ARROW FINANCIAL CORP | AROW | 18,697 | -429 | 615,000 | 3,000 | $32.89 |
| 12/31/2018 | ARROW FINANCIAL CORP | AROW | 19,126 | 418 | 612,000 | -80,000 | $32.00 |
| 09/30/2018 | ARROW FINANCIAL CORP | AROW | 18,708 | 665 | 692,000 | 35,000 | $36.99 |
| 06/30/2018 | ARROW FINANCIAL CORP | AROW | 18,043 | 0 | 657,000 | 44,000 | $36.41 |
| 03/31/2018 | ARROW FINANCIAL CORP | AROW | 18,043 | -759 | 613,000 | -25,000 | $33.97 |
| 12/31/2017 | ARROW FINANCIAL CORP | AROW | 18,802 | -300 | 638,000 | -18,000 | $33.93 |
| 09/30/2017 | ARROW FINANCIAL CORP | AROW | 19,102 | -1,231 | 656,000 | 12,000 | $34.34 |
| 06/30/2017 | ARROW FINANCIAL CORP | AROW | 20,333 | -2,400 | 644,000 | -127,000 | $31.67 |
| 03/31/2017 | ARROW FINANCIAL CORP | AROW | 22,733 | 22,733 | 771,000 | 771,000 | $33.92 |
| 06/30/2013 | ARROW FINANCIAL CORP | AROW | 0 | -17,941 | 0 | -442,000 | |
| 03/31/2013 | ARROW FINANCIAL CORP | AROW | 0 | -18,141 | 0 | -453,000 | |
| 12/31/2012 | ARROW FINANCIAL CORP | AROW | 18,141 | -501 | 453,000 | -13,000 | $24.97 |
| 09/30/2012 | ARROW FINANCIAL CORP | AROW | 18,642 | 466 | 466,000 | 27,000 | $25.00 |
| 06/30/2012 | ARROW FINANCIAL CORP | AROW | 18,176 | 13,369 | 439,000 | 322,000 | $24.15 |
| 03/31/2012 | ARROW FINANCIAL CORP | AROW | 4,807 | 0 | 117,000 | 4,000 | $24.34 |
| 12/31/2011 | ARROW FINANCIAL CORP | AROW | 4,807 | 0 | 113,000 | 6,000 | $23.51 |
| 09/30/2011 | ARROW FINANCIAL CORP | AROW | 4,807 | 140 | 107,000 | -7,000 | $22.26 |
| 06/30/2011 | ARROW FINANCIAL CORP | AROW | 4,667 | 0 | 114,000 | -1,000 | $24.43 |
| 03/31/2011 | ARROW FINANCIAL CORP | AROW | 4,667 | -100 | 115,000 | -16,000 | $24.64 |
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