First Financial CEO exercises 2,500 share options

FIRST FINANCIAL BANKSHARES INC President and CEO David William Bailey exercised stock options to acquire additional shares of the company.

Rhea-AI Filing Summary

FIRST FINANCIAL BANKSHARES INC President and CEO David William Bailey exercised stock options to acquire additional shares of the company. On this transaction date, he exercised options covering 2,500 shares of Common Stock at a price of $21.18 per share.

Following the option exercise, Bailey directly owns 23,372 shares of Common Stock. This was an exercise or conversion of a derivative security rather than an open-market purchase or sale, reflecting a compensation-related move to increase his direct equity stake in the bank.

Insider Trade Summary

2,500 shares exercised/converted

Exercise 2 txns

Insider Bailey David William

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option, Right to Buy	2,500	$21.18	$53K
Exercise	Common Stock	2,500	$21.18	$53K

Holdings After Transaction: Employee Stock Option, Right to Buy — 5,000 contracts (Direct); Common Stock — 23,372 shares (Direct)

Key Figures

Shares acquired via option exercise: 2,500 shares Option exercise price: $21.18 per share Shares owned after transaction: 23,372 shares +1 more

4 metrics

Shares acquired via option exercise 2,500 shares Common Stock from employee stock options

Option exercise price $21.18 per share Strike price for exercised employee stock options

Shares owned after transaction 23,372 shares Direct Common Stock holdings following exercise

Derivative exercises in filing 1 exercise, 2,500 shares Exercise or conversion of derivative security (code M)

Key Terms

Employee Stock Option, Right to Buy, Exercise or conversion of derivative security, Common Stock, Form 4

4 terms

Employee Stock Option, Right to Buy financial

"security_title: "Employee Stock Option, Right to Buy" linked to Common Stock"

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

Common Stock financial

"security_title: "Common Stock" acquired through option exercise"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4) reporting CEO’s transactions"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did FFIN CEO David William Bailey report?

David William Bailey reported exercising employee stock options to acquire 2,500 shares of FIRST FINANCIAL BANKSHARES INC Common Stock. The transaction was coded as an option exercise, not an open-market trade, and increased his directly owned share position in the company.

How many FFIN shares did the CEO acquire in this Form 4 filing?

The CEO acquired 2,500 shares of FIRST FINANCIAL BANKSHARES INC Common Stock through an option exercise. These shares came from converting derivative securities, rather than buying on the open market, and were added to his existing directly owned shareholdings in the company.

At what price did the CEO exercise FFIN stock options?

The employee stock options were exercised at a price of $21.18 per share. This strike price reflects the predetermined exercise price of the options, allowing the CEO to convert derivative rights into Common Stock at that fixed level on the transaction date.

How many FFIN shares does the CEO own after this transaction?

After exercising options for 2,500 shares, the CEO directly holds 23,372 shares of FIRST FINANCIAL BANKSHARES INC Common Stock. This figure represents his direct ownership reported in the filing immediately following the option exercise on the stated transaction date.

Was this FFIN insider transaction a stock sale or a purchase?

The transaction was an option exercise, not an open-market sale or purchase. The Form 4 uses code “M,” indicating exercise or conversion of a derivative security, meaning the CEO converted options into 2,500 Common Stock shares rather than trading in the open market.

What type of derivative security did the FFIN CEO exercise?

The CEO exercised an “Employee Stock Option, Right to Buy” linked to FIRST FINANCIAL BANKSHARES INC Common Stock. This derivative gave him the right to purchase 2,500 underlying shares at $21.18 per share, which he converted into directly owned Common Stock.

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

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Accepted by SEC EDGAR 05/07/2026 - 04:11 PM EDT Learn about SEC filing dates

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^*

Bailey David William

(Last) (First) (Middle)

P O BOX 701

(Street)

ABILENE TEXAS 79604

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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
Common Stock	05/06/2026		M		2,500	A	$21.18	23,372	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	$21.18	05/06/2026		M			2,500	06/12/2021	06/12/2027	Common Stock	2,500	$21.18	5,000	D

Explanation of Responses:

	By: Michelle S. Hickox Attorney in Fact for David W. Bailey	05/07/2026
	** 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)