What indirect FFIN holdings related to Kade Matthews are disclosed?

The filing lists 560,000 shares held by a trust and 355,371 shares each held by a spouse GRAT and a GRAT. It also references shares owned by a foundation where Matthews is president and director, for which he disclaims beneficial ownership under Section 16 rules.

First Financial director gets 2,142 restricted shares

MATTHEWS KADE reported acquisition or exercise transactions in this Form 4 filing.

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

MATTHEWS KADE reported acquisition or exercise transactions in this Form 4 filing.

FIRST FINANCIAL BANKSHARES INC director Kade Matthews received a new stock grant. He was awarded 2,142 shares of common stock as a restricted stock grant at no cash cost per share. After this award, his directly owned common stock position is 19,877 shares.

The restricted stock grant vests in a single installment on April 27, 2027. The filing also lists large indirect holdings, including 560,000 shares held by a trust and 355,371 shares each held by a spouse GRAT and a GRAT, plus shares held by a foundation where he serves as president and director, for which he disclaims beneficial ownership.

Insider Trade Summary

Grant/Award: 2,142 shares

Grant/Award 4 txns

Insider MATTHEWS KADE

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,142	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 19,877 shares (Direct); Common Stock — 355,371 shares (Indirect, By GRAT); Common Stock — 355,371 shares (Indirect, By Spouse GRAT); Common Stock — 560,000 shares (Indirect, By Trust)

Footnotes (2)

F1. This amount represents a restricted stock grant that vests in a single installment on April 27, 2027.
F2. This indirect ownership represents shares owned by a foundation in which Mr. Matthews is President and Director. Mr. Matthews disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Matthews is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

Key Figures

Restricted stock grant: 2,142 shares Direct holdings after grant: 19,877 shares Trust indirect holdings: 560,000 shares +3 more

6 metrics

Restricted stock grant 2,142 shares Common Stock award to director on April 28, 2026

Direct holdings after grant 19,877 shares Common Stock directly owned following award

Trust indirect holdings 560,000 shares Common Stock held indirectly by trust

Spouse GRAT holdings 355,371 shares Common Stock held indirectly by spouse GRAT

GRAT holdings 355,371 shares Common Stock held indirectly by GRAT

Grant vesting date April 27, 2027 Restricted stock vests in single installment

Key Terms

restricted stock grant, GRAT, Section 16, beneficial ownership, +1 more

5 terms

restricted stock grant financial

"This amount represents a restricted stock grant that vests in a single installment"

A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.

GRAT financial

"nature_of_ownership: By Spouse GRAT and By GRAT"

Section 16 regulatory

"beneficial owner of such securities for purposes of Section 16 or any other purpose"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

beneficial ownership financial

"Mr. Matthews disclaims beneficial ownership of these securities"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

indirect ownership financial

"This indirect ownership represents shares owned by a foundation"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Kade Matthews report at FIRST FINANCIAL BANKSHARES (FFIN)?

Kade Matthews reported receiving a grant of 2,142 shares of FIRST FINANCIAL BANKSHARES common stock. This is a restricted stock award, provided at no cash cost per share, and represents compensation rather than an open-market purchase or sale of shares.

When do Kade Matthews’ new restricted FFIN shares vest?

The 2,142 restricted shares granted to Kade Matthews vest in a single installment on April 27, 2027. Until that vesting date, the shares are subject to forfeiture conditions typically tied to continued service or other terms set by FIRST FINANCIAL BANKSHARES.

How many FIRST FINANCIAL BANKSHARES shares does Kade Matthews own directly after this Form 4?

After the restricted stock award, Kade Matthews directly owns 19,877 shares of FIRST FINANCIAL BANKSHARES common stock. This figure reflects his direct holdings only and excludes separate indirect positions held through trusts, GRATs, or foundation-related entities.

Does this Form 4 show Kade Matthews buying or selling FFIN shares on the market?

The Form 4 does not show open-market buys or sells by Kade Matthews. Instead, it records a restricted stock grant of 2,142 shares as compensation and updates indirect holdings, many of which are held through trusts or a foundation rather than direct trading activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/30/2026 - 10:00 AM EDT

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^*

MATTHEWS KADE

(Last)

(First)

(Middle)

P. O. BOX 701

(Street)

ABILENE

TEXAS

79604-0701

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST FINANCIAL BANKSHARES INC [ FFIN ]

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)
04/28/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/28/2026		A		2,142⁽¹⁾	A	$0.00	19,877	D
Common Stock								355,371	I	By GRAT
Common Stock								355,371	I	By Spouse GRAT
Common Stock								560,000	I	By Trust⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This amount represents a restricted stock grant that vests in a single installment on April 27, 2027.

2. This indirect ownership represents shares owned by a foundation in which Mr. Matthews is President and Director. Mr. Matthews disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Matthews is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

	By: Michelle S. Hickox Attorney in Fact for Kade Matthews	04/30/2026
	** 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)

Source: View Original Filing on SEC EDGAR