[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 an open-market purchase of 3,750 shares of the issuer's common stock on 08/28/2025 at a weighted average price of $7.97 per share. After the transaction Mr. Walker beneficially owned 31,276 shares. The Form 4 shows no derivative transactions and includes an explanatory note that the trade executed in multiple trades at prices ranging from $7.96 to $7.98; the form is signed and dated 08/29/2025.

Positive

• Director purchase reported, showing insider buying rather than selling
• Clear pricing disclosure with weighted average $7.97 and execution range $7.96–$7.98
• Post-transaction holdings provided: 31,276 shares, aiding transparency

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchased a modest number of shares, signaling modest personal confidence but likely not material to valuation.

The director's acquisition of 3,750 common shares at a weighted average of $7.97 increases his stake to 31,276 shares. For a public bank holding company, this size of purchase appears modest relative to typical public float and likely has limited market impact. The absence of derivative activity simplifies the ownership picture. The explanatory note on execution prices improves disclosure quality.

Corporate Governance Expert

TL;DR: Routine Form 4 filing shows compliant disclosure of an open-market purchase by a director.

The filing identifies Mr. Walker as a director and provides required detail: transaction date, aggregate shares purchased, weighted average price, and post-transaction holdings. The clear execution-price disclosure and signature meet Section 16 disclosure norms. There are no indications of planned-rule (10b5-1) use or indirect ownership complexities disclosed.

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
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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)
08/28/2025

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	08/28/2025		P		3,750	A	$7.97(1)	31,276	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 $7.96 to $7.98. 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	08/29/2025
	** 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 did FGBI director Robert W. Walker buy and when?

Mr. Walker purchased 3,750 shares of First Guaranty Bancshares common stock on 08/28/2025.

At what price were the FGBI shares acquired in the Form 4?

The trades executed at prices ranging from $7.96 to $7.98; the reported weighted average price is $7.97.

How many FGBI shares does the reporting person own after the transaction?

Following the purchase the reporting person beneficially owned 31,276 shares.

Does the Form 4 show any derivative transactions for FGBI?

No. Table II for derivative securities shows no entries; only a non-derivative common stock purchase is reported.

When was the Form 4 signed and filed?

The Form 4 is signed by /s/ Robert W. Walker and dated 08/29/2025.