First Guaranty director buys 1,601 preferred shares

Rhea-AI Filing Summary

First Guaranty Bancshares, Inc. (FGBI) director Robert W. Walker reported purchasing 1,601 depository shares of the company’s 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock on 2026-08-14 in an open-market or private transaction at a weighted average price of $19.22 per depository share, bringing his directly held position in these depository shares to 1,601.

Each depository share represents a 1/40th interest in a preferred share with a $1,000 par value and $1,000 liquidation preference, equivalent to $25.00 per depository share. The trade was executed in multiple lots at prices ranging from $19.18 to $19.28, with the reported price reflecting a weighted average.

Insider Trade Summary

Net Buyer: 1,601 shares

Net Buy 1 txn

Insider WALKER ROBERT W

Role Director

Bought 1,601 shs ($31K)

Type	Security	Shares	Price	Value
Purchase	DEPOSITORY SHARES F1, F2	1,601	$19.22	$31K

Holdings After Transaction: DEPOSITORY SHARES — 1,601 shares (Direct)

Footnotes (2)

1. F1. Each depository shares 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. This transaction was executed in multiple trades at prices ranging from $19.18 to $19.28. 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.

Key Figures

Depository Shares Purchased: 1,601 depository shares Weighted Average Purchase Price: $19.22 per depository share Price Range of Trades: $19.18–$19.28 per depository share +4 more

7 metrics

Depository Shares Purchased 1,601 depository shares Non-derivative purchase by director on 2026-08-14

Weighted Average Purchase Price $19.22 per depository share Open-market or private purchase, multiple trades in narrow range

Price Range of Trades $19.18–$19.28 per depository share Individual trade prices underlying the weighted average

Interest per Depository Share 1/40th interest Each depository share represents 1/40th of a preferred share

Preferred Share Liquidation Preference $1,000 per preferred share 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock

Liquidation Preference Equivalent $25.00 per depository share Based on $1,000 liquidation preference and 1/40th interest per depository share

Shares Held After Transaction 1,601 depository shares Total directly owned non-derivative depository shares following the purchase

Key Terms

Depository Shares, Non-Cumulative Perpetual Preferred Stock, liquidation preference, weighted average

4 terms

Depository Shares financial

"Each depository shares represents a 1/40th interest in a share"

Non-Cumulative Perpetual Preferred Stock financial

"6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock"

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"

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.

weighted average financial

"The price reported above reflects the weighted average sale price"

A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FGBI director Robert W. Walker report?

Robert W. Walker reported a purchase of 1,601 depository shares of First Guaranty Bancshares’ 6.75% Series A preferred stock on 2026-08-14. The transaction was an open-market or private purchase and increased his directly held position in these depository shares to 1,601.

At what price did the FGBI depository share transaction occur?

The reported price for the transaction was a weighted average of $19.22 per depository share. The trade was executed in multiple lots at prices ranging from $19.18 to $19.28, with the weighted average reported as the transaction price.

What does each FGBI depository share represent?

Each depository share represents a 1/40th interest in a share of First Guaranty Bancshares’ 6.75% Series A preferred stock. That preferred stock has a $1,000 par value and $1,000 liquidation preference, equivalent to $25.00 per depository share.

How many FGBI depository shares does Robert W. Walker own after this transaction?

After this transaction, Robert W. Walker directly holds 1,601 depository shares of First Guaranty Bancshares’ 6.75% Series A preferred stock. The Form 4 lists these as directly owned non-derivative securities following the reported purchase.

What type of security did the FGBI insider purchase on 2026-08-14?

The insider purchased depository shares representing interests in First Guaranty Bancshares’ 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Each depository share equals a 1/40th interest in a preferred share with a $1,000 liquidation preference.

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

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Accepted by SEC EDGAR 08/18/2026 - 04:05 PM EDT 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^*

WALKER ROBERT W

(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)
08/14/2026

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)	08/14/2026		P		1,601	A	$19.22(2)	1,601	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. Each depository shares 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. This transaction was executed in multiple trades at prices ranging from $19.18 to $19.28. 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	08/18/2026
	** 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)