First Guaranty director buys 1,000 depository shares

Rhea-AI Filing Summary

First Guaranty Bancshares, Inc. (FGBI) director Bruce McAnally, through the BMAC Irrevocable Asset Trust for which he is trustee, reported a series of open-market purchases totaling 1,000 DEPOSITORY SHARES between June 22 and September 3, 2026, at prices from $18.50 to $20.00 per share. The securities are held indirectly by the trust, and McAnally disclaims beneficial ownership except to the extent of his pecuniary interest. Each depository share represents a 1/40th interest in FGBI's 6.75% Series A Fixed Rate Non-Cumulative Perpetual Preferred Stock with a $1,000 liquidation preference per preferred share, equivalent to $25.00 per depository share.

Insider Trade Summary

Net Buyer: 1,000 shares

Net Buy 6 txns

Insider McAnally Bruce

Role Director

Bought 1,000 shs ($19K)

Type	Security	Shares	Price	Value
Purchase	DEPOSITORY SHARES F1, F2	200	$18.50	$4K
Purchase	DEPOSITORY SHARES F1, F2	200	$18.75	$4K
Purchase	DEPOSITORY SHARES F1, F2	200	$19.00	$4K
Purchase	DEPOSITORY SHARES F1, F2	199	$19.50	$4K
Purchase	DEPOSITORY SHARES F1, F2	1	$19.50	$19.50
Purchase	DEPOSITORY SHARES F1, F2	200	$20.00	$4K

Holdings After Transaction: DEPOSITORY SHARES — 1,000 shares (Indirect, By trust, BMAC Irrevocable Asset Trust, Bruce McAnally Trustee)

Footnotes (2)

1. F1. Each depository share represents a 1/40th interest in a share of the issuer's 6.75% Series A Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value $1,000 per share, with a liquidation preference of $1,000 per share (equivalent to $25.00 per Depository Share).
2. F2. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Key Figures

Total depository shares purchased: 1,000 shares Price range per depository share: $18.50–$20.00 per share Aggregate purchase consideration: $19,150 +4 more

7 metrics

Total depository shares purchased 1,000 shares Aggregate open-market purchases between June 22 and September 3, 2026

Price range per depository share $18.50–$20.00 per share Reported transaction prices across the six purchases

Aggregate purchase consideration $19,150 Sum of all reported per-share prices times shares bought in this Form 4

Series A preferred dividend rate 6.75% Fixed rate on Series A Non-Cumulative Perpetual Preferred Stock

Interest per depository share 1/40 of a preferred share Each depository share represents a 1/40th interest in a Series A preferred share

Liquidation preference per preferred share $1,000 per preferred share Applies to the 6.75% Series A preferred stock

Liquidation preference equivalent per depository share $25.00 per depository share Equivalent value based on $1,000 per preferred share and 1/40th interest

Key Terms

DEPOSITORY SHARES, Non-Cumulative Perpetual Preferred Stock, liquidation preference, pecuniary interest

4 terms

DEPOSITORY SHARES financial

"Each depository share represents a 1/40th interest in a share of the issuer's 6.75%"

Non-Cumulative Perpetual Preferred Stock financial

"6.75% Series A Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value $1,000"

Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.

liquidation preference financial

"with a liquidation preference of $1,000 per share (equivalent to $25.00 per Depository"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

pecuniary interest financial

"disclaims beneficial ownership of these securities except to the extent of his pecuniary"

FAQ

What insider transactions were reported for FGBI in this Form 4?

The filing reports that a trust associated with FGBI director Bruce McAnally purchased a total of 1,000 DEPOSITORY SHARES in open-market transactions between June 22 and September 3, 2026 at prices between $18.50 and $20.00 per share.

Who acquired the FGBI depository shares and how are they held?

The shares were acquired by the BMAC Irrevocable Asset Trust, with Bruce McAnally as trustee. The ownership is reported as indirect, and McAnally disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in them.

What is the total value of the FGBI depository shares purchased?

The trust purchased 1,000 depository shares for an aggregate consideration of approximately $19,150, based on the reported per-share prices ranging from $18.50 to $20.00 across the six transactions in this Form 4.

What do FGBI depository shares represent in terms of preferred stock?

Each FGBI depository share represents a 1/40th interest in a share of the issuer’s 6.75% Series A Fixed Rate Non-Cumulative Perpetual Preferred Stock, which has a $1,000 liquidation preference per preferred share, equivalent to $25.00 per depository share.

Were the FGBI insider purchases made under a Rule 10b5-1 trading plan?

No. The filing indicates the Rule 10b5-1 checkbox is not selected, so these purchases are not reported as being made pursuant to a Rule 10b5-1 trading plan or similar pre-arranged trading arrangement.

What is the dividend feature of the FGBI preferred stock underlying these depository shares?

The underlying preferred stock is FGBI’s 6.75% Series A Fixed Rate Non-Cumulative Perpetual Preferred Stock, meaning it carries a 6.75% fixed rate and is non-cumulative, with a $1,000 liquidation preference per preferred share.

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

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Available on EDGAR 09/08/2026 - 04:06 PM Accepted by SEC EDGAR 09/08/2026 - 04:06 PM 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^*

McAnally Bruce

(Last) (First) (Middle)

400 EAST THOMAS STREET

(Street)

HAMMOND LOUISIANA 70401

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

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
DEPOSITORY SHARES(1)	06/22/2026		P		200	A	$20	200	I	By trust, BMAC Irrevocable Asset Trust, Bruce McAnally Trustee(2)
DEPOSITORY SHARES(1)	07/16/2026		P		1	A	$19.5	201	I	By trust, BMAC Irrevocable Asset Trust, Bruce McAnally Trustee(2)
DEPOSITORY SHARES(1)	07/24/2026		P		199	A	$19.5	400	I	By trust, BMAC Irrevocable Asset Trust, Bruce McAnally Trustee(2)
DEPOSITORY SHARES(1)	08/31/2026		P		200	A	$19	600	I	By trust, BMAC Irrevocable Asset Trust, Bruce McAnally Trustee(2)
DEPOSITORY SHARES(1)	09/02/2026		P		200	A	$18.75	800	I	By trust, BMAC Irrevocable Asset Trust, Bruce McAnally Trustee(2)
DEPOSITORY SHARES(1)	09/03/2026		P		200	A	$18.5	1,000	I	By trust, BMAC Irrevocable Asset Trust, Bruce McAnally Trustee(2)

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. Each depository share represents a 1/40th interest in a share of the issuer's 6.75% Series A Fixed Rate Non-Cumulative Perpetual Preferred Stock, par value $1,000 per share, with a liquidation preference of $1,000 per share (equivalent to $25.00 per Depository Share).

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

	/s/ Bruce McAnally	09/08/2026
	** 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)