Colony Bankcorp (CBAN) Form 4: Insider 401(k) buys and quick sale reported

Rhea-AI Filing Summary

Leonard H. Bateman Jr., EVP & Chief Credit Officer of Colony Bankcorp, Inc. (CBAN), reported insider transactions on Form 4. On 08/19/2025 he acquired 5,169.92 shares of Colony Bankcorp common stock at $16.40 per share, resulting in 17,836.51 shares held indirectly (noted as 401(k) holdings). On 08/20/2025 he disposed of 5,069 shares at $16.3292 per share, leaving 14,818 shares held directly. The filings state the acquisitions included a 401(k) company match, reinvested dividends and salary deferral, and the dispositions included shares acquired through the dividend reinvestment plan. The Form 4 was signed by Lee Bagwell as attorney-in-fact on 08/21/2025.

Positive

• Acquisition through 401(k) company match indicates participation in employer-sponsored benefit programs
• Timely disclosure filed on Form 4 and signed by attorney-in-fact, meeting reporting obligations
• Use of dividend reinvestment and salary deferral suggests alignment with long-term shareholding via employee plans

Negative

• Sale of 5,069 shares was executed one day after acquisition, reducing direct holdings to 14,818 shares

Insights

Corporate Governance Expert

TL;DR: Routine insider activity reflecting employee benefit plan contributions and a small open-market sale, not a governance red flag.

The Form 4 shows transactions tied to compensation and benefit mechanisms rather than opportunistic trading: acquisitions are attributed to 401(k) company match, dividend reinvestment and salary deferral. The subsequent sale is disclosed and dated the next day. These are standard events for an executive and do not indicate a change in board composition, control structure, or related-party transaction concerns based solely on the filing. Documentation is timely and executed via an attorney-in-fact, consistent with standard practice.

Securities Analyst

TL;DR: Small net change in holdings through routine plan activity; transaction sizes are modest relative to typical market-moving insider trades.

The reported buy of 5,169.92 shares at $16.40 and sale of 5,069 shares at $16.3292 are explicitly linked to plan mechanics and dividend reinvestment. Holdings are reported as 17,836.51 shares indirect and 14,818 shares direct after the transactions. Without additional material disclosures or markedly larger trade sizes, these transactions are unlikely to be material to valuation or signal new company-specific information to investors.

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^*

Bateman Leonard H JR

(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)
	EVP & Chief Credit Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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	08/19/2025		P		5,169.92	A	$16.4	17,836.51(1)	I	401 (K)
COLONY BANKCORP, INC COMMON STOCK	08/20/2025		S		5,069	D	$16.3292	14,818(2)	D

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

2. Includes shares acquired through dividend reinvestment plan.

Remarks:

	Lee Bagwell, Attorney-in-fact for Lenny Bateman	08/21/2025
	** 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 insider trades did CBAN executive Leonard H. Bateman Jr. report?

He acquired 5,169.92 shares at $16.40 on 08/19/2025 and sold 5,069 shares at $16.3292 on 08/20/2025.

How many CBAN shares does Leonard H. Bateman Jr. beneficially own after the reported transactions?

He reported 17,836.51 shares held indirectly and 14,818 shares held directly in the filing.

Were the acquisitions linked to any employee plans in the CBAN Form 4?

Yes. The filing states acquisitions include 401(k) company match, reinvested dividends and salary deferral.

Who signed the Form 4 for Leonard H. Bateman Jr.?

Lee Bagwell signed as attorney-in-fact for Lenny Bateman on 08/21/2025.

Does the Form 4 indicate any derivative transactions for CBAN by the reporting person?

No. Table II for derivative securities contains no reported transactions.