Colony Bankcorp (CBAN) director reports inheritance of 41,924 common shares

Rhea-AI Filing Summary

COLONY BANKCORP INC director Scott Lowell Downing reported an inheritance-related transfer of 41,924 shares of common stock. The Form 4 describes this as an acquisition or disposition by will or laws of descent and distribution, with a reported price per share of $0.0000, indicating no market transaction.

Following this estate transfer, Downing directly holds 269,741 shares of COLONY BANKCORP, INC. common stock. The filing characterizes the event as shares being inherited rather than a discretionary open-market purchase or sale.

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
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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^*

Downing Scott Lowell

(Last) (First) (Middle)

238 NEWCOMER TRAIL

(Street)

FITZGERALD GEORGIA 31750

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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

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

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

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	02/23/2026		W		41,924	A	$0(1)	269,741	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. These shares were inherited.

Remarks:

	Lee Bagwell, Attorney-in-fact for SCOTT DOWNING	03/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did COLONY BANKCORP (CBAN) disclose for Scott Lowell Downing?

COLONY BANKCORP (CBAN) disclosed that director Scott Lowell Downing reported an inheritance-related transfer of 41,924 shares of common stock. The Form 4 identifies this as an acquisition or disposition by will or laws of descent and distribution, rather than a market trade.

How many COLONY BANKCORP (CBAN) shares did Scott Lowell Downing inherit?

Scott Lowell Downing reported 41,924 COLONY BANKCORP common shares as inherited. The transaction code and footnote indicate the shares were received through estate or will transfer, with a reported transaction price of $0.0000 per share, confirming it was not a market purchase.

What are Scott Lowell Downing’s COLONY BANKCORP (CBAN) holdings after this Form 4?

After the inheritance-related transaction, Scott Lowell Downing directly holds 269,741 shares of COLONY BANKCORP, INC. common stock. This figure reflects his direct ownership position reported immediately following the estate transfer described in the Form 4 filing.

Was Scott Lowell Downing’s COLONY BANKCORP (CBAN) transaction a market buy or sell?

No, the reported COLONY BANKCORP transaction was not a market buy or sell. It is classified as an acquisition or disposition by will or laws of descent and distribution, with a transaction price of $0.0000 per share, indicating an inheritance event.

What does transaction code W mean in COLONY BANKCORP (CBAN) director’s Form 4?

Transaction code W in this COLONY BANKCORP Form 4 corresponds to an event tied to inheritance, described as acquisition or disposition by will or laws of descent and distribution. In this case, the accompanying footnote clarifies that the 41,924 shares were inherited.