Marshall Reynolds reports 31,056-share purchase in FGBI at $8.05

Rhea-AI Filing Summary

Marshall T. Reynolds, a director of First Guaranty Bancshares, Inc. (FGBI), reported acquiring 31,056 shares of the company's common stock at $8.05 per share on 09/30/2025. After the purchase, the filing shows 1,947,524 shares reported as beneficially owned directly by Mr. Reynolds. The filing also discloses indirect holdings through affiliates and related parties: 8,460 shares via Reynolds Capital Partners, 693 via Purple Cap, LLC, 49,806 via the M.T. Reynolds Irrevocable Trust, 49,909 reported by grandchildren, 6,655 via Champion Leasing Corp., and 624 via The Harrah & Reynolds Corp. The reporting person disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest.

Positive

• Acquisition recorded: purchase of 31,056 shares at $8.05
• Substantial direct ownership: reported direct holdings of 1,947,524 shares

Negative

• None.

Insights

Corporate Governance Expert

Director purchased 31,056 shares at $8.05 and holds substantial direct and indirect positions.

The Form 4 records a non-derivative acquisition of 31,056 common shares at $8.05, increasing the reporting person's direct position to 1,947,524 shares. The filing also lists multiple indirect holdings through affiliated entities and trusts, each with specific share amounts disclosed.

This filing is a straightforward disclosure of insider activity and ownership structure; it documents a specific purchase and the allocation of holdings across related entities without additional commentary or amendments.

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

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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^*

REYNOLDS MARSHALL T

(Last) (First) (Middle)

400 EAST THOMAS STREET

(Street)

HAMMOND LA 70401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
First Guaranty Bancshares, Inc. [ FGBI ]

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)
09/30/2025

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	09/30/2025		P		31,056	A	$8.05	1,947,524	D
COMMON STOCK								8,460	I	By affiliate, Reynolds Capital Partners(1)
COMMON STOCK								693	I	By affiliate, Purple Cap, LLC(1)
COMMON STOCK								49,806	I	By trust, M.T. Reynolds Irrevocable Trust(1)
COMMON STOCK								49,909	I	By grandchildren(1)
COMMON STOCK								6,655	I	By affiliate, Champion Leasing Corp.(1)
COMMON STOCK								624	I	By affiliate, The Harrah & Reynolds Corp.(1)

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. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

	/s/ Marshall T. Reynolds	10/02/2025
	** 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 transaction did FGBI director Marshall T. Reynolds report?

He reported purchasing 31,056 shares of FGBI common stock at $8.05 per share on 09/30/2025.

How many FGBI shares does Marshall T. Reynolds beneficially own directly after the transaction?

The Form 4 shows 1,947,524 shares beneficially owned directly following the reported transaction.

Does the filing disclose indirect holdings for the reporting person?

Yes. Indirect holdings include 8,460 (Reynolds Capital Partners), 693 (Purple Cap, LLC), 49,806 (M.T. Reynolds Irrevocable Trust), 49,909 (grandchildren), 6,655 (Champion Leasing Corp.), and 624 (The Harrah & Reynolds Corp.).

What relationship to the issuer does the reporting person have?

The form marks the reporting person as a Director of First Guaranty Bancshares, Inc.

Does the reporting person claim full beneficial ownership of the indirect holdings?

No. The filing includes a disclaimer that the reporting person disclaims beneficial ownership of those securities except to the extent of his pecuniary interest.