First Financial Bankshares Insider Boosts Stake by 1.7k Shares

Rhea-AI Filing Summary

Form 4 highlights: On 07/29/2025, First Financial Bankshares (FFIN) Chief Risk Officer Randall Allen Roewe exercised employee stock options and acquired 1,684 common shares—1,588 shares at $29.70 and 96 shares at $29.53. No shares were sold.

Following the transactions, Roewe’s direct ownership rose to 33,119 shares. Remaining derivative holdings comprise 812 options at a $29.70 strike (exp. 06/26/2029) and 5,858 options at a $29.53 strike (exp. 08/16/2033).

Form 4 code “M” denotes option exercise; all resulting share acquisitions are classified “A” (acquired). No indirect ownership or Rule 10b5-1 plan is disclosed.

Positive

• Net acquisition of 1,684 shares increases insider ownership to 33,119 shares.
• No shares sold; all option exercises converted to held stock.

Negative

• Transaction is small versus total shares outstanding; limited signaling power.

Insights

Financial Analyst

TL;DR: Routine option exercise; minimal market impact.

The CRO converted 1,684 options into shares, boosting his stake to 33,119 shares. The lack of subsequent sales suggests he retained the shares, marginally aligning insider interests with shareholders. However, the amount is immaterial relative to FFIN’s ~142 million shares outstanding, so dilution and signaling effects are negligible. Investors generally view net insider buying as mildly constructive, but this specific transaction is unlikely to influence valuation or liquidity.

Insider Trade Summary

1,684 shares exercised/converted

Mixed 4 txns

Insider Roewe Randall Allen

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option, Right to Buy	1,588	$29.70	$47K
Exercise	Employee Stock Option, Right to Buy	96	$29.53	$3K
Exercise	Common Stock	1,588	$29.70	$47K
Exercise	Common Stock	96	$29.53	$3K

Holdings After Transaction: Employee Stock Option, Right to Buy — 812 shares (Direct); Common Stock — 33,023 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Roewe Randall Allen

(Last) (First) (Middle)

P O 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)
	Chief Risk 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		1,588	A	$29.7	33,023	D
Common Stock	07/29/2025		M		96	A	$29.53	33,119	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	$29.7	07/29/2025		M			1,588	06/26/2025	06/26/2029	Common Stock	1,588	$29.7	812	D
Employee Stock Option, Right to Buy	$29.53	07/29/2025		M			96	08/16/2024	08/16/2033	Common Stock	96	$29.53	5,858	D

Explanation of Responses:

	By: Michelle S. Hickox Attorney in Fact for Randall Allen Roewe	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

How many FFIN shares did the CRO acquire on 07/29/2025?

1,684 shares (1,588 at $29.70 and 96 at $29.53).

What is Randall Roewe’s total direct ownership after the transaction?

He directly owns 33,119 FFIN shares.

Were any shares sold in this Form 4 filing?

No. All reported transactions were option exercises resulting in share acquisition.

How many options does the CRO still hold?

6,670 options remain (812 at $29.70 expiring 06/26/2029 and 5,858 at $29.53 expiring 08/16/2033).

Does the filing reference a Rule 10b5-1 trading plan?

No Rule 10b5-1 plan was indicated in the form.