Director-linked entity buys 109K First Guaranty shares
First Guaranty Bancshares director-associated entity reports major share purchase.
Rhea-AI Filing Summary
First Guaranty Bancshares director-associated entity reports major share purchase. On April 30, 2026, Smith & Tate Investments, LLC, an entity associated with director and ten percent owner Edgar R. Smith III, bought 109,051 shares of First Guaranty Bancshares common stock in an open-market purchase at $9.17 per share. After this trade, Smith & Tate Investments, LLC held 784,400 shares indirectly. The filing also lists other indirect holdings through several LLCs and a separate direct holding of 2,867,467 shares. The footnote states that Smith disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 109,051 shares
Net Buy
7 txns
Insider
Smith Edgar R. III
Role
Director, 10% Owner
Bought
109,051 shs ($1000K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK | 109,051 | $9.17 | $1000K |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 784,400 shares (Indirect, By: Smith & Tate Investments, LLC);
COMMON STOCK — 2,867,467 shares (Direct);
COMMON STOCK — 20,063 shares (Indirect, By: Smith-Hoover Holdings, L.L.C.);
COMMON STOCK — 21,907 shares (Indirect, By; MACSMITH LLC);
COMMON STOCK — 341,437 shares (Indirect, By: Smith & Hood Investment, LLC);
COMMON STOCK — 340,344 shares (Indirect, By: Big 4 Investments, LLC);
COMMON STOCK — 1,062,817 shares (Indirect, By Smith & Hood Holding Company, LLC)
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: 109,051 shares
Purchase price: $9.17 per share
Post-trade holdings (Smith & Tate Investments, LLC): 784,400 shares
+2 more
5 metrics
Shares purchased
109,051 shares
Open-market purchase on April 30, 2026
Purchase price
$9.17 per share
Price for the 109,051-share transaction
Post-trade holdings (Smith & Tate Investments, LLC)
784,400 shares
Indirect ownership after April 30, 2026 purchase
Direct holdings
2,867,467 shares
Common stock held directly as of April 30, 2026
Net buy shares
109,051 shares
Net change from all reported transactions
Key Terms
open-market purchase, indirect ownership, beneficial ownership, pecuniary interest, +1 more
5 terms
open-market purchase financial
"bought 109,051 shares of First Guaranty Bancshares common stock in an open-market purchase at $9.17 per share"
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
"After this trade, Smith & Tate Investments, LLC held 784,400 shares indirectly"
beneficial ownership financial
"The footnote states that Smith disclaims beneficial ownership of these securities except to the extent of his 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
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
ten percent owner financial
"entity associated with director and ten percent owner Edgar R. Smith III"
AI-generated analysis. How Rhea-AI works. Not financial advice.
