[Form 4] GUARANTY BANCSHARES INC /TX/ Insider Trading Activity

Rhea-AI Filing Summary

Drake Bradley K., a director of Guaranty Bancshares, Inc. (GNTY), reported on Form 4 that on 10/01/2025 he disposed of 220,000 shares of Guaranty common stock. The disposition was made pursuant to the Plan and Agreement of Merger dated June 24, 2025 with Glacier Bancorp, Inc. and resulted in an exchange for 220,000 shares of Glacier common stock valued at $48.75 per share on the effective date of the merger. Following the reported transaction, the reporting person beneficially owned 0 shares of Guaranty Bancshares.

The Form 4 was signed by an attorney-in-fact on 10/02/2025 and lists the disposal code and the merger agreement as the basis for the exchange. All facts above are taken directly from the filed Form 4 and the attached Explanation of Responses.

Positive

• 220,000 shares exchanged under a documented Merger Agreement dated June 24, 2025
• Consideration for the exchange disclosed as 220,000 Glacier common shares with a stated market value of $48.75 per share

Negative

• Reporting person now beneficially owns 0 shares of Guaranty Bancshares following the transaction
• Disposition reduces insider ownership in the issuer to 0 shares

Insights

M&A / Securities Counsel

Director exchanged Guaranty shares under the merger; now holds Glacier stock.

The Form 4 documents a disposition of 220,000 Guaranty shares by director Drake Bradley K. on 10/01/2025, executed under the Merger Agreement dated June 24, 2025. The shares were exchanged for 220,000 Glacier common shares valued at $48.75 per share on the merger effective date, as disclosed in the filing.

This filing reflects a non-cash, merger-related transfer rather than an open-market sale, and shows the reporting person no longer beneficially owns any Guaranty common stock (0 shares) after the exchange. The signature was filed by an attorney-in-fact on 10/02/2025, consistent with Form 4 procedure.

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

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Drake Bradley K.

(Last) (First) (Middle)

C/O GUARANTY BANCSHARES, INC.

201 SOUTH JEFFERSON AVENUE

(Street)

MOUNT PLEASANT TX 75455

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GUARANTY BANCSHARES INC /TX/ [ GNTY ]

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)
10/01/2025

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	10/01/2025		D		220,000	D	(1)	0	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. Disposed of pursuant to the Plan and Agreement of Merger, dated as of June 24, 2025, by and among issuer, Guaranty Bancshares, Inc., Guaranty Bank & Trust, N.A., Glacier Bancorp, Inc. ("Glacier"), and Glacier Bank (the "Merger Agreement") in exchange for 220,000 shares of Glacier common stock having a market value of $48.75 per share on the effective date of the merger.

	/s/ Shalene A. Jacobson, as attorney-in-fact	10/02/2025
	** 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 GNTY director Drake Bradley K. report on Form 4?

He reported a disposition of 220,000 Guaranty Bancshares shares on 10/01/2025 pursuant to the merger agreement.

What was received in exchange for the Guaranty shares in the merger?

The shares were exchanged for 220,000 shares of Glacier Bancorp, Inc. common stock valued at $48.75 per share on the merger effective date.

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

The Form 4 shows the reporting person beneficially owns 0 Guaranty Bancshares common shares following the transaction.

When was the merger agreement that governed the exchange dated?

The Form 4 cites the Plan and Agreement of Merger dated June 24, 2025 as the basis for the disposition.

When was the Form 4 filed and who signed it?

The Form 4 was signed by an attorney-in-fact on 10/02/2025 as shown in the filing.