[Form 4] First Financial Bankshares Inc Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing — MNTN, Inc. (Ticker: MNTN)

Director Phalachandra Bhat reported receiving 15,174 Class A restricted stock units (RSUs) on 29-Jul-2025. The award was granted at $0 cost; each RSU converts into one share upon vesting. The grant vests 1/12 on every quarterly anniversary of 21-May-2025, reaching full vesting after three years, assuming continued board service. Following this initial award, the director now beneficially owns 15,174 shares directly.

No open-market purchases, sales, or derivative exercises were disclosed, indicating the filing reflects routine equity compensation rather than an active trading decision. No financial metrics or guidance were provided.

Insights

Securities Analyst

TL;DR: Routine RSU grant; minimal market impact.

The filing documents an inaugural RSU award to new director Phalachandra Bhat. Because the 15,174-share grant is compensation at $0 and not an open-market buy, it offers limited insight into management’s valuation view. It does, however, align the director’s incentives with shareholders over a three-year horizon. Absent additional insider accumulation or sales, the disclosure is best viewed as non-material.

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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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^*

McVey J. Kyle

(Last) (First) (Middle)

PO BOX 701

(Street)

ABILENE TX 79604

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

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
Common Stock	07/29/2025		M		3,800	A	$16.95	24,604	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
Employee Stock Option, Right to Buy	$16.95	07/29/2025		M			3,800	10/27/2021	10/27/2025	Common Stock	3,800	$16.95	0	D

Explanation of Responses:

	By: Michelle S. Hickox Attorney in Fact for J. Kyle McVey	07/31/2025
	** 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 MNTN director Phalachandra Bhat report in the latest Form 4?

He disclosed the receipt of 15,174 Class A RSUs on 29-Jul-2025.

How many MNTN shares were granted and at what price?

15,174 RSUs were granted at $0 cost as part of equity compensation.

What is the vesting schedule for the RSU award?

The RSUs vest 1/12 each quarter on the anniversaries of 21-May-2025, fully vesting after three years.

Did the Form 4 show any open-market purchases or sales?

No. The filing only reports the RSU grant; no purchases or sales were made.

How many MNTN shares does the director now own?

After the grant, Bhat beneficially owns 15,174 shares directly.