Marshall T. Reynolds buys 32,176 FGBI (NASDAQ: FGBI) shares in market

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 ($250,008)

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)

Footnotes (1)

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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"

Form 4 Insider Transactions: What Each Field Means →

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^*

REYNOLDS MARSHALL T

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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
COMMON STOCK	03/31/2026		P		32,176	A	$7.77	2,025,997	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	04/02/2026
	** 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)

FAQ

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.

At what price did Marshall T. Reynolds buy FGBI shares?

He bought First Guaranty Bancshares common stock at $7.77 per share in an open-market transaction. The filing shows this single purchase of 32,176 shares, which raised his directly held stake to 2,025,997 shares afterward.

How many FGBI shares does Marshall T. Reynolds hold directly after this Form 4?

After the reported transaction, Marshall T. Reynolds directly holds 2,025,997 shares of First Guaranty Bancshares common stock. This figure reflects his position immediately following the 32,176-share open-market purchase disclosed in the Form 4.

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.

What does it mean that Reynolds disclaims beneficial ownership of some FGBI shares?

The disclaimer states he disclaims beneficial ownership of certain indirectly held shares except for his pecuniary interest. This means some shares are held by related entities or family accounts, and his economic interest is limited to the portion he ultimately benefits from.

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.