Director Robert Walker acquires 3,000 FGBI shares at ~$8.20

Rhea-AI Filing Summary

Robert W. Walker, a director of First Guaranty Bancshares, Inc. (FGBI), reported an insider purchase of 3,000 shares of common stock on September 11, 2025. The shares were acquired in multiple trades at prices ranging from $8.19 to $8.20, with the form reporting a weighted average price of $8.20. After the transaction Walker beneficially owns 34,276 shares directly.

The Form 4 is a routine Section 16 disclosure that notifies investors of a director-level purchase and does not include derivative activity or other amendments. The reporting person signed the form on September 15, 2025 and offered to provide trade-level details to the SEC on request.

Positive

• Director purchase disclosed, showing alignment of personal capital with company equity
• Clear price range provided ($8.19–$8.20) and weighted average price reported for transparency
• Beneficial ownership updated to 34,276 shares, improving public record accuracy

Negative

• None.

Insights

Securities Analyst

TL;DR: Director bought 3,000 FGBI shares at ~$8.20, modestly increasing direct ownership to 34,276 shares.

This Form 4 documents a straightforward open-market purchase by a company director. The transaction size is small relative to typical institutional or company-wide holdings and does not indicate any derivative activity or significant change in control. For investors, the purchase signals personal cash allocation by management but is immaterial to valuation absent larger context or patterns of repeated insider accumulation.

Corporate Governance Expert

TL;DR: Routine insider purchase with full disclosure; no governance red flags or related-party transactions disclosed.

The filing is properly executed and signed, includes an explanation of the weighted average execution price, and identifies the reporting person as a director. There are no indications of amendments, indirect ownership shifts, or compensatory equity grants that would raise governance concerns. The disclosure meets Section 16 transparency expectations.

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^*

WALKER ROBERT W

(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)
09/11/2025

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	09/11/2025		P		3,000	A	$8.2(1)	34,276	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 transaction was executed in multiple trades at prices ranging from $8.19 to $8.20. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

	/s/ Robert W. Walker	09/15/2025
	** 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 did Robert W. Walker report on Form 4 for FGBI?

He reported an open-market purchase of 3,000 common shares of First Guaranty Bancshares, Inc. (FGBI) on 09/11/2025.

At what price were the FGBI shares purchased according to the Form 4?

The shares were executed in multiple trades at prices ranging from $8.19 to $8.20; the form reports a weighted average price of $8.20.

How many FGBI shares does the reporting person own after the transaction?

Following the reported transaction the reporting person beneficially owns 34,276 shares directly.

Does the Form 4 show any derivative transactions or amendments?

No. The filing shows only a non-derivative common stock purchase and indicates no amendments to prior filings.

When was the Form 4 signed and filed?

The reporting person signed the filing on 09/15/2025, and the reported transaction date is 09/11/2025.