[Form 4] First Financial Bankshares Inc Insider Trading Activity
Form 4 filing – First Financial Bankshares (FFIN). On 07/25/2025 director Murray Hamilton Edwards reported a Code J transaction (change in ownership form) involving 113,454 common shares previously held indirectly through Twenty-Three Oaks LP. For estate-planning purposes, he and his spouse transferred their general-partner interests to Rattlesnake Hill LLC, which is owned 100% by their children; consequently, Edwards no longer has any beneficial ownership over those shares and received $0 consideration.
Post-transaction holdings: 201,985 shares held directly; 42,134 shares held indirectly by a trust; 8,880 shares held by spouse; 19,480 shares in trusts disclaimed as beneficial ownership. Total reportable ownership therefore decreases by 113,454 shares but remains above 250 k when including direct and certain indirect positions.
The filing signals a reduction in insider alignment but appears driven by estate planning rather than market sentiment, limiting immediate trading impact.
Deposito Modulo 4 – First Financial Bankshares (FFIN). Il 25/07/2025 il direttore Murray Hamilton Edwards ha segnalato una transazione di tipo Codice J (modifica nella proprietà) riguardante 113.454 azioni ordinarie precedentemente detenute indirettamente tramite Twenty-Three Oaks LP. Per motivi di pianificazione successoria, lui e sua moglie hanno trasferito le loro quote di socio accomandatario a Rattlesnake Hill LLC, interamente posseduta dai loro figli; di conseguenza, Edwards non detiene più alcuna proprietà effettiva su tali azioni e non ha ricevuto alcun compenso ($0).
Detenzioni post-transazione: 201.985 azioni detenute direttamente; 42.134 azioni detenute indirettamente tramite un trust; 8.880 azioni detenute dalla coniuge; 19.480 azioni in trust escluse dalla proprietà effettiva. Il totale della proprietà segnalabile diminuisce quindi di 113.454 azioni, ma rimane superiore a 250.000 considerando le posizioni dirette e alcune indirette.
La segnalazione indica una riduzione nell’allineamento degli insider, ma sembra motivata da pianificazione patrimoniale piuttosto che da sentiment di mercato, limitando l’impatto immediato sul trading.
Presentación del Formulario 4 – First Financial Bankshares (FFIN). El 25/07/2025, el director Murray Hamilton Edwards reportó una transacción de Código J (cambio en la propiedad) que involucra 113,454 acciones ordinarias que anteriormente poseía indirectamente a través de Twenty-Three Oaks LP. Por motivos de planificación sucesoria, él y su esposa transfirieron sus intereses como socios generales a Rattlesnake Hill LLC, que es propiedad al 100% de sus hijos; en consecuencia, Edwards ya no tiene propiedad beneficiaria sobre esas acciones y no recibió ninguna contraprestación ($0).
Posiciones tras la transacción: 201,985 acciones en propiedad directa; 42,134 acciones en fideicomiso indirecto; 8,880 acciones en poder de su cónyuge; 19,480 acciones en fideicomisos que se renuncian como propiedad beneficiaria. Por lo tanto, la propiedad reportable disminuye en 113,454 acciones, pero permanece por encima de 250,000 al incluir posiciones directas y ciertas indirectas.
La presentación indica una reducción en la alineación de los insiders, pero parece motivada por planificación patrimonial más que por sentimiento del mercado, limitando el impacto inmediato en el comercio.
Form 4 제출 – First Financial Bankshares (FFIN). 2025년 7월 25일, 이사 머리 해밀턴 에드워즈는 코드 J 거래(소유권 변경 양식)를 보고했으며, 이는 이전에 Twenty-Three Oaks LP를 통해 간접 보유하던 113,454 보통주에 관한 것입니다. 상속 계획 목적상, 그는 배우자와 함께 일반 파트너 지분을 Rattlesnake Hill LLC로 이전했으며, 이 회사는 100% 자녀들이 소유하고 있습니다. 따라서 에드워즈는 해당 주식에 대한 실질적 소유권을 더 이상 보유하지 않으며, 대가로 0달러를 받았습니다.
거래 후 보유 현황: 직접 보유 201,985주; 신탁을 통해 간접 보유 42,134주; 배우자 보유 8,880주; 소유권 포기된 신탁 내 19,480주. 따라서 보고 가능한 총 보유 주식은 113,454주 감소했지만, 직접 및 일부 간접 보유를 포함하면 25만 주 이상을 유지합니다.
이번 제출은 내부자 정렬 감소를 나타내지만, 시장 심리보다는 상속 계획에 따른 것으로 보여 즉각적인 거래 영향은 제한적입니다.
Dépôt du formulaire 4 – First Financial Bankshares (FFIN). Le 25/07/2025, le directeur Murray Hamilton Edwards a déclaré une transaction de Code J (modification de propriété) concernant 113 454 actions ordinaires détenues auparavant indirectement via Twenty-Three Oaks LP. Pour des raisons de planification successorale, lui et son épouse ont transféré leurs intérêts de commandité à Rattlesnake Hill LLC, détenue à 100 % par leurs enfants ; par conséquent, Edwards ne détient plus aucun droit bénéficiaire sur ces actions et n’a reçu aucune contrepartie (0 $).
Positions après la transaction : 201 985 actions détenues directement ; 42 134 actions détenues indirectement par un trust ; 8 880 actions détenues par l’épouse ; 19 480 actions dans des trusts dont la propriété bénéficiaire est déclinée. La propriété totale déclarable diminue donc de 113 454 actions, mais reste au-dessus de 250 000 en incluant les positions directes et certaines positions indirectes.
Le dépôt signale une réduction de l’alignement des initiés, mais semble motivé par la planification successorale plutôt que par le sentiment du marché, limitant ainsi l’impact immédiat sur les échanges.
Formular 4 Einreichung – First Financial Bankshares (FFIN). Am 25.07.2025 meldete Direktor Murray Hamilton Edwards eine Code J Transaktion (Eigentumsänderung) bezüglich 113.454 Stammaktien, die zuvor indirekt über Twenty-Three Oaks LP gehalten wurden. Aus Nachlassplanungsgründen übertrugen er und seine Ehefrau ihre Komplementäranteile an die Rattlesnake Hill LLC, die zu 100 % im Besitz ihrer Kinder ist; folglich besitzt Edwards keine wirtschaftlichen Eigentumsrechte an diesen Aktien mehr und erhielt keine Gegenleistung ($0).
Bestände nach der Transaktion: 201.985 Aktien direkt gehalten; 42.134 Aktien indirekt durch einen Trust; 8.880 Aktien durch die Ehefrau; 19.480 Aktien in Trusts, die als wirtschaftliches Eigentum zurückgewiesen wurden. Die insgesamt meldbare Eigentümerschaft sinkt somit um 113.454 Aktien, bleibt jedoch über 250.000, wenn direkte und bestimmte indirekte Positionen berücksichtigt werden.
Die Meldung signalisiert eine Verringerung der Insider-Ausrichtung, scheint jedoch eher durch Nachlassplanung als durch Marktsentiment bedingt zu sein, was die unmittelbaren Handelsauswirkungen begrenzt.
- No market sale; shares transferred at $0, signalling estate planning rather than bearish insider sentiment
- Transparent disclosure provides clarity on family succession and insider ownership structure
- Beneficial ownership drops by 113,454 shares, modestly reducing director-shareholder alignment
Insights
TL;DR Estate-planning transfer removes 113k FFIN shares from director’s beneficial ownership; no cash sale, minimal near-term market impact.
The Code J designation and $0 price confirm this was a non-sale transaction. Although Edwards’ beneficial stake falls, he still controls ~252k shares directly or via trusts. Insider selling that generates cash can be a bearish signal; however, gifting or restructuring typically has neutral implications. Liquidity, float, and corporate capital structure are unaffected. I view the disclosure as immaterial to valuation or earnings outlook, though it modestly reduces insider ownership percentage.
TL;DR Transfer shifts voting power to next generation, slightly diluting current board member’s stake but maintains family influence.
Moving the LP interest to an LLC owned by Edwards’ children suggests succession planning. While the director relinquishes control of 113,454 shares, the equity stays within the family, preserving long-term aligned ownership. From a governance stance, transparency is positive, though investors may scrutinize potential future board representation as control migrates. Overall, impact is neutral given continued substantial direct holdings and no change in corporate oversight today.
Deposito Modulo 4 – First Financial Bankshares (FFIN). Il 25/07/2025 il direttore Murray Hamilton Edwards ha segnalato una transazione di tipo Codice J (modifica nella proprietà) riguardante 113.454 azioni ordinarie precedentemente detenute indirettamente tramite Twenty-Three Oaks LP. Per motivi di pianificazione successoria, lui e sua moglie hanno trasferito le loro quote di socio accomandatario a Rattlesnake Hill LLC, interamente posseduta dai loro figli; di conseguenza, Edwards non detiene più alcuna proprietà effettiva su tali azioni e non ha ricevuto alcun compenso ($0).
Detenzioni post-transazione: 201.985 azioni detenute direttamente; 42.134 azioni detenute indirettamente tramite un trust; 8.880 azioni detenute dalla coniuge; 19.480 azioni in trust escluse dalla proprietà effettiva. Il totale della proprietà segnalabile diminuisce quindi di 113.454 azioni, ma rimane superiore a 250.000 considerando le posizioni dirette e alcune indirette.
La segnalazione indica una riduzione nell’allineamento degli insider, ma sembra motivata da pianificazione patrimoniale piuttosto che da sentiment di mercato, limitando l’impatto immediato sul trading.
Presentación del Formulario 4 – First Financial Bankshares (FFIN). El 25/07/2025, el director Murray Hamilton Edwards reportó una transacción de Código J (cambio en la propiedad) que involucra 113,454 acciones ordinarias que anteriormente poseía indirectamente a través de Twenty-Three Oaks LP. Por motivos de planificación sucesoria, él y su esposa transfirieron sus intereses como socios generales a Rattlesnake Hill LLC, que es propiedad al 100% de sus hijos; en consecuencia, Edwards ya no tiene propiedad beneficiaria sobre esas acciones y no recibió ninguna contraprestación ($0).
Posiciones tras la transacción: 201,985 acciones en propiedad directa; 42,134 acciones en fideicomiso indirecto; 8,880 acciones en poder de su cónyuge; 19,480 acciones en fideicomisos que se renuncian como propiedad beneficiaria. Por lo tanto, la propiedad reportable disminuye en 113,454 acciones, pero permanece por encima de 250,000 al incluir posiciones directas y ciertas indirectas.
La presentación indica una reducción en la alineación de los insiders, pero parece motivada por planificación patrimonial más que por sentimiento del mercado, limitando el impacto inmediato en el comercio.
Form 4 제출 – First Financial Bankshares (FFIN). 2025년 7월 25일, 이사 머리 해밀턴 에드워즈는 코드 J 거래(소유권 변경 양식)를 보고했으며, 이는 이전에 Twenty-Three Oaks LP를 통해 간접 보유하던 113,454 보통주에 관한 것입니다. 상속 계획 목적상, 그는 배우자와 함께 일반 파트너 지분을 Rattlesnake Hill LLC로 이전했으며, 이 회사는 100% 자녀들이 소유하고 있습니다. 따라서 에드워즈는 해당 주식에 대한 실질적 소유권을 더 이상 보유하지 않으며, 대가로 0달러를 받았습니다.
거래 후 보유 현황: 직접 보유 201,985주; 신탁을 통해 간접 보유 42,134주; 배우자 보유 8,880주; 소유권 포기된 신탁 내 19,480주. 따라서 보고 가능한 총 보유 주식은 113,454주 감소했지만, 직접 및 일부 간접 보유를 포함하면 25만 주 이상을 유지합니다.
이번 제출은 내부자 정렬 감소를 나타내지만, 시장 심리보다는 상속 계획에 따른 것으로 보여 즉각적인 거래 영향은 제한적입니다.
Dépôt du formulaire 4 – First Financial Bankshares (FFIN). Le 25/07/2025, le directeur Murray Hamilton Edwards a déclaré une transaction de Code J (modification de propriété) concernant 113 454 actions ordinaires détenues auparavant indirectement via Twenty-Three Oaks LP. Pour des raisons de planification successorale, lui et son épouse ont transféré leurs intérêts de commandité à Rattlesnake Hill LLC, détenue à 100 % par leurs enfants ; par conséquent, Edwards ne détient plus aucun droit bénéficiaire sur ces actions et n’a reçu aucune contrepartie (0 $).
Positions après la transaction : 201 985 actions détenues directement ; 42 134 actions détenues indirectement par un trust ; 8 880 actions détenues par l’épouse ; 19 480 actions dans des trusts dont la propriété bénéficiaire est déclinée. La propriété totale déclarable diminue donc de 113 454 actions, mais reste au-dessus de 250 000 en incluant les positions directes et certaines positions indirectes.
Le dépôt signale une réduction de l’alignement des initiés, mais semble motivé par la planification successorale plutôt que par le sentiment du marché, limitant ainsi l’impact immédiat sur les échanges.
Formular 4 Einreichung – First Financial Bankshares (FFIN). Am 25.07.2025 meldete Direktor Murray Hamilton Edwards eine Code J Transaktion (Eigentumsänderung) bezüglich 113.454 Stammaktien, die zuvor indirekt über Twenty-Three Oaks LP gehalten wurden. Aus Nachlassplanungsgründen übertrugen er und seine Ehefrau ihre Komplementäranteile an die Rattlesnake Hill LLC, die zu 100 % im Besitz ihrer Kinder ist; folglich besitzt Edwards keine wirtschaftlichen Eigentumsrechte an diesen Aktien mehr und erhielt keine Gegenleistung ($0).
Bestände nach der Transaktion: 201.985 Aktien direkt gehalten; 42.134 Aktien indirekt durch einen Trust; 8.880 Aktien durch die Ehefrau; 19.480 Aktien in Trusts, die als wirtschaftliches Eigentum zurückgewiesen wurden. Die insgesamt meldbare Eigentümerschaft sinkt somit um 113.454 Aktien, bleibt jedoch über 250.000, wenn direkte und bestimmte indirekte Positionen berücksichtigt werden.
Die Meldung signalisiert eine Verringerung der Insider-Ausrichtung, scheint jedoch eher durch Nachlassplanung als durch Marktsentiment bedingt zu sein, was die unmittelbaren Handelsauswirkungen begrenzt.
FAQ
How many First Financial Bankshares (FFIN) shares did Director Edwards transfer?
Was the transaction a sale and what price was reported?
How many FFIN shares does Edwards still hold directly after the filing?
What is Edwards’ remaining indirect ownership in FFIN?
Why were the shares transferred out of Edwards’ beneficial ownership?
