[Form 4] First Financial Bankshares Inc Insider Trading Activity

Rhea-AI Filing Summary

First Financial Bankshares (FFIN) Form 4 filing: Director Robert C. Nickles Jr. bought 550 common shares on 07/23/2025 at $36.77 via a family-owned LLC, an A (acquisition) coded transaction. The purchase raises his indirect holdings to 95,678 shares; he also retains 13,709 shares held directly, bringing total beneficial ownership to 109,387 shares.

The cash outlay is roughly $20.2 K, increasing his stake by only about 0.6% and representing a negligible fraction of FFIN’s outstanding share count. No sales or derivative transactions were reported.

Insider buying is generally interpreted as a confidence signal, but the modest size and indirect nature limit its market impact. No operational or financial guidance accompanies the filing.

Insights

Financial Analyst

TL;DR: Small insider buy, confidence signal but immaterial to valuation.

The 550-share purchase adds just $20 K to an existing 109 K-share position, leaving ownership at <0.1% of FFIN’s float. While insider purchases can precede positive performance, the dollar value and relative size are minimal, suggesting little informational advantage or balance-sheet impact. I view the filing as neutral for price discovery and wouldn’t adjust forecasts or risk models.

Corporate Governance Expert

TL;DR: Routine compliance filing; governance posture unchanged.

The transaction was executed through an LLC jointly owned with the spouse—standard estate-planning practice. No red flags (e.g., derivative hedges, rapid trades) are present. The director continues to meet ownership guidelines. Given the scale, I classify the event as not impactful to governance quality or shareholder alignment.

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).

1. Name and Address of Reporting Person^*

Nickles Robert Clark Jr

(Last) (First) (Middle)

24503 OLD WINDMILL TRAIL

(Street)

HOCKLEY TX 77447

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2025

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	07/23/2025		P		550	A	$36.77	95,678	I	By Limited Liability Corporation(1)
Common Stock								13,709	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. This indirect ownership represents shares owned by a limited liability corporation of which the reporting person and his spouse are equal beneficial owners of the common stock owned by the limited liability corporation.

	By: Michelle S. Hickox Attorney in Fact for Robert C. Nickles, Jr.	07/24/2025
	** 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 Director Robert C. Nickles, Jr. buy?

He acquired 550 shares of First Financial Bankshares common stock.

What price was paid for the purchased shares?

The shares were bought at $36.77 per share.

What is Nickles’s total ownership after the transaction?

He now beneficially owns 109,387 shares (95,678 indirect, 13,709 direct).

Was the transaction recorded as direct or indirect ownership?

The 550-share purchase was indirect through a limited liability corporation.

Did the Form 4 include any derivative security transactions?

No derivative securities were reported in this filing.