[Form 4] First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock Insider Trading Activity

Rhea-AI Filing Summary

Robert W. Walker, a director of First Guaranty Bancshares, Inc. (ticker FGBI), reported two open-market purchases of the issuer's common stock. On 08/26/2025 he reported an acquisition (code "L") of 94 shares at a price shown as $7.87. On 08/27/2025 he reported a purchase (code "P") of 3,800 shares at a weighted average price of $8.05, bringing his total beneficial ownership to 27,526 shares, held directly. The filer states the 08/27/2025 transaction was executed in multiple trades at prices ranging from $7.95 to $8.05 and that the reported $8.05 reflects the weighted average sale price. The Form 4 is signed by Robert W. Walker on 08/28/2025.

Positive

• Insider purchases disclosed: Director Robert W. Walker reported acquisitions, increasing his direct holdings to 27,526 shares.
• Transparent pricing details: Filing includes a weighted-average price and a stated trade price range of $7.95–$8.05 for the larger transaction.
• Properly executed and signed: Form 4 is signed by the reporting person on 08/28/2025.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director purchased additional common shares, increasing direct ownership to 27,526 shares; transactions executed at ~$7.95–$8.05.

The reported activity shows a director-level insider adding to a direct stake over two reported transactions: a small lot of 94 shares reported at $7.87 and a larger block of 3,800 shares reported at a weighted average $8.05. The disclosure includes a clear statement that the larger trade was executed in multiple fills between $7.95 and $8.05. From a market-signaling perspective, insider purchases can be interpreted as a vote of confidence, but the filing contains no context about the company's outstanding share count or proportional stake, so the economic significance cannot be assessed from this Form 4 alone.

Corporate Governance Expert

TL;DR: Form 4 properly discloses insider purchases and provides a price-range explanation; reporting appears timely and signed.

The filing identifies the reporting person, relationship (Director), transaction dates, codes and prices, and shows direct ownership after the trades. The explanatory footnote about multiple trades and weighted-average pricing is standard and improves transparency. The report is signed and dated 08/28/2025. The Form does not disclose any derivative transactions. Without additional filings or context, governance implications are limited to routine insider disclosure compliance.

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 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)
08/26/2025

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	08/26/2025		L		94	A	$7.87	23,726	D
COMMON STOCK	08/27/2025		P		3,800	A	$8.05(1)	27,526	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 $7.95 to $8.05. 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	08/28/2025
	** 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 trades did Robert W. Walker report on Form 4 for FGBI?

The Form 4 reports two common stock acquisitions: 94 shares on 08/26/2025 at a price shown as $7.87, and 3,800 shares on 08/27/2025 at a weighted average price of $8.05.

How many shares does Robert W. Walker beneficially own after these transactions?

The filing reports a total beneficial ownership of 27,526 shares, held directly.

Were these transactions executed in multiple trades or a single trade?

The explanatory note states the 08/27/2025 transaction was executed in multiple trades at prices ranging from $7.95 to $8.05; the reported $8.05 is the weighted average.

What is Robert W. Walker's relationship to the issuer?

The Form 4 lists Robert W. Walker as a Director of First Guaranty Bancshares, Inc. (FGBI).

When was the Form 4 signed?

The reporting person signed the Form 4 on 08/28/2025.