FGBI director buys 32,176 shares in open market
First Guaranty Bancshares director and 10% owner Marshall T. Reynolds reported an open-market purchase of 32,176 shares of common stock at $7.77 per share.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
First Guaranty Bancshares director and 10% owner Marshall T. Reynolds reported an open-market purchase of 32,176 shares of common stock at $7.77 per share. Following the transaction, his direct holdings total 2,025,997 shares. He also reports additional indirect holdings through affiliates, trusts, and family accounts, while disclaiming beneficial ownership beyond his pecuniary interest.
Insider Trade Summary
Net Buyer: 32,176 shares
Net Buy
7 txns
Insider
REYNOLDS MARSHALL T
Role
Director, 10% Owner
Bought
32,176 shs ($250K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK | 32,176 | $7.77 | $250K |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 2,025,997 shares (Direct);
COMMON STOCK — 8,460 shares (Indirect, By affiliate, Reynolds Capital Partners);
COMMON STOCK — 693 shares (Indirect, By affiliate, Purple Cap, LLC);
COMMON STOCK — 49,806 shares (Indirect, By trust, M.T. Reynolds Irrevocable Trust);
COMMON STOCK — 49,909 shares (Indirect, By grandchildren);
COMMON STOCK — 6,655 shares (Indirect, By affiliate, Champion Leasing Corp.);
COMMON STOCK — 624 shares (Indirect, By affiliate, The Harrah & Reynolds Corp.)
Footnotes (1)
- F1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Shares purchased: 32,176 shares
Purchase price: $7.77 per share
Direct holdings after transaction: 2,025,997 shares
+3 more
6 metrics
Shares purchased
32,176 shares
Open-market purchase of common stock on 2026-03-31
Purchase price
$7.77 per share
Price paid for the 32,176 shares bought
Direct holdings after transaction
2,025,997 shares
Direct common stock owned following the Form 4 trade
Reynolds Capital Partners indirect holdings
8,460 shares
Indirect ownership via affiliate Reynolds Capital Partners
M.T. Reynolds Irrevocable Trust holdings
49,806 shares
Indirect ownership via M.T. Reynolds Irrevocable Trust
Grandchildren indirect holdings
49,909 shares
Indirect ownership described as held by grandchildren
Key Terms
open-market purchase, indirect ownership, beneficial ownership, pecuniary interest, +1 more
5 terms
open-market purchase financial
"transaction_action is classified as "open-market purchase" for 32,176 shares"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"Entries marked ownership_code "I" denote indirect ownership via affiliates or family"
beneficial ownership financial
"Footnote states he disclaims beneficial ownership except for pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"Footnote limits his beneficial ownership to the extent of his pecuniary interest"
10% owner financial
"reportingPersons section flags Reynolds as a ten percent owner of the issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FGBI director Marshall T. Reynolds report?
Marshall T. Reynolds reported an open-market purchase of 32,176 shares of First Guaranty Bancshares common stock at $7.77 per share. This increased his directly held position to 2,025,997 shares as of the transaction date.
Does Marshall T. Reynolds have indirect ownership interests in FGBI?
Yes. The Form 4 lists additional indirect holdings through affiliates, trusts, and family accounts, including entities such as Reynolds Capital Partners and the M.T. Reynolds Irrevocable Trust. He disclaims beneficial ownership except to the extent of his pecuniary interest.
Is the reported FGBI transaction an open-market purchase or another type of trade?
The Form 4 classifies the transaction as an open-market purchase, coded as a "P" transaction. This indicates shares were bought in the market or a private transaction, rather than granted as compensation or acquired through option exercises.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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