[Form 4] Colony Bankcorp Inc. Insider Trading Activity

Rhea-AI Filing Summary

Colony Bankcorp, Inc. (CBAN) – Form 4 insider transaction filed 07/02/2025.

CFO Derek Shelnutt reported an “F” transaction code, indicating the surrender of shares to satisfy withholding taxes upon the vesting of restricted stock.

• Shares withheld: 863 common shares at an implied value of $16.53 each (≈ $14.3 thousand).
• Post-transaction holdings: 9,357 shares held directly; 4,786 shares held indirectly through the 401(k) plan, for a total economic interest of 14,143 shares.

No derivative securities were reported, and there were no open-market purchases or sales. The filing is routine, reflecting tax-related share withholding rather than a discretionary sale, and does not materially alter insider ownership or signal a change in strategic outlook.

Insights

SEC Filings Specialist

TL;DR: Routine tax-withholding entry; no market signal.

Code “F” denotes shares withheld by the issuer to cover taxes on vested equity. Such transactions do not involve cash proceeds to the insider and are generally considered neutral. Shelnutt retains more than 14 k shares, maintaining exposure to CBAN’s equity. No derivatives or plan trades were disclosed, and the ownership structure remains stable.

Portfolio Manager

TL;DR: Insignificant for valuation; monitor but no action.

The CFO’s remaining stake suggests ongoing alignment, and the withheld amount (≈0.1% of common shares outstanding) is immaterial to float or sentiment. There is no indication of insider bearishness, so the event does not impact investment thesis or portfolio weighting.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shelnutt Derek

(Last) (First) (Middle)

115 S GRANT STREET

(Street)

FITZGERALD GA 31750

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COLONY BANKCORP INC [ CBAN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COLONY BANKCORP, INC COMMON STOCK	07/02/2025		F		863(1)	D	$16.53	9,357(2)	D
COLONY BANKCORP, INC COMMON STOCK								4,786(3)	I	401k

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes shares relinquished for tax liability related to stock vesting.

2. Includes shares acquired through reinvested dividends and salary deferral.

3. Includes shares acquired through 401k company match, reinvested dividends and salary deferral.

Remarks:

	Lee Bagwell, Attorney-in-fact for Derek Shelnutt	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did CBAN's Form 4 on 07/02/2025 disclose?

CFO Derek Shelnutt surrendered 863 shares at $16.53 via code “F” to pay taxes on vested stock.

How many Colony Bankcorp shares does the CFO now hold?

After the filing, he owns 9,357 directly and 4,786 indirectly, totaling 14,143 shares.

What does transaction code “F” mean in a Form 4?

Code “F” reflects shares withheld by the issuer to satisfy tax obligations; it is not an open-market sale.

Did the Form 4 report any options or derivative activity?

No. Table II was blank, indicating no derivative securities were acquired or disposed.

Is this insider transaction considered bullish or bearish for CBAN?

Neither; it is a routine, tax-related withholding and carries neutral investment significance.