[Form 4] First Guaranty Bancshares, Inc. 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock Insider Trading Activity
Insider Trade Summary
Net Buyer: 2,100,853 shares
Net Buy
8 txns
Insider
Smith Edgar R. III
Role
Director
Bought
30,865 shs ($250K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK | 30,865 | $8.10 | $250K |
| Grant/Award | COMMON STOCK | 1,981,506 | $7.57 | $15.00M |
| Grant/Award | COMMON STOCK | 88,482 | $8.00 | $708K |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 2,852,467 shares (Direct);
COMMON STOCK — 186,942 shares (Indirect, By: Smith & Tate Investments, LLC);
COMMON STOCK — 19,407 shares (Indirect, By: MACSMITH LLC);
COMMON STOCK — 340,637 shares (Indirect, By: Smith & Hood Investment, LLC);
COMMON STOCK — 340,344 shares (Indirect, By: Big 4 Investments, LLC);
COMMON STOCK — 17,063 shares (Indirect, By: Smith-Hoover Holdings, L.L.C.);
COMMON STOCK — 1,062,817 shares (Indirect, By Smith & Hood Holding Company, LLC)
Footnotes (3)
- F1. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- F2. The 1,981,506 shares of common stock of the issuer were issued to the reporting person pursuant to the terms of the Exchange Agreement, dated as of June 16, 2025, by and between First Guaranty Bancshares, Inc. and Edgar Ray Smith, III (the "Exchange Agreement"). The Exchange Agreement provides for the issuance of 1,981,506 shares of common stock of the issuer at a price of $7.57 per share in exchange for that certain Floating Rate Subordinated Note due June 21, 2032, in the principal amount of $15,000,000. The Exchange Agreement was filed as Exhibit 10.1 to the Form 8-K filed by First Guaranty Bancshares, Inc. with the SEC on June 18, 2025.
- F3. The 88,482 shares of common stock of the issuer were issued to the reporting person pursuant to the terms of the First Amendment to the Promissory Note, dated as of June 4, 2025, by and between First Guaranty Bancshares, Inc. and Smith & Tate Investment, L.L.C. (the "Promissory Note Amendment") and the First Amendment to the First Guaranty Bancshares, Inc. Floating Rate Subordinated Note due March 28, 2034, dated as of June 4, 2025, by and between First Guaranty Bancshares, Inc. and Smith & Tate Investment, L.L.C. (the "Subordinated Note Amendment"). The Promissory Note Amendment and the Subordinated Note Amendment were filed as Exhibit 10.1 and Exhibit 10.2 to the Form 8-K filed by First Guaranty Bancshares, Inc. with the SEC on June 9, 2025.
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