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

Rhea-AI Filing Summary

Shalene A. Jacobson, Senior EVP & Chief Financial Officer of Guaranty Bancshares, Inc. (GNTY), reported transactions tied to the company's merger with Glacier Bancorp, Inc. On 10/01/2025 she disposed of 23,622 and 4,101 shares of Guaranty common stock in exchange for Glacier common stock valued at $48.75 per share on the merger effective date, leaving her with 0 shares of Guaranty common stock. A previously granted stock option covering 5,229 shares (exercise price $29.16) fully vested on the merger and was assumed and converted into an option to purchase 5,229 shares of Glacier common stock. The option was adjusted to reflect a $2.30 special cash dividend paid by Guaranty on 9/23/2025.

Insights

Corporate Governance Analyst

Insider exchanged Guaranty shares for Glacier stock and had options assumed in the merger.

The reporting person sold 27,723 total Guaranty shares on 10/01/2025 under the merger agreement, receiving Glacier common stock valued at $48.75 per share, and now holds 0 Guaranty shares.

The previously outstanding stock option covering 5,229 shares vested on the merger and was assumed by Glacier with an unchanged exercise price of $29.16; the option was adjusted for a $2.30 special dividend paid 9/23/2025. This preserves executive equity economics post-transaction.

Compensation & Equity Specialist

Merged-company assumption maintained option value while converting equity into Glacier stock.

The option's full vesting and assumption by Glacier means the executive retains an equity upside potential tied to 5,229 Glacier shares at a $29.16 strike. The cash dividend adjustment ($2.30) was applied to the option prior to conversion.

This indicates standard merger treatment of equity awards: cash/stock exchange for held shares and conversion/assumption for vested options.

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

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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^*

Jacobson Shalene A.

(Last) (First) (Middle)

C/O GUARANTY BANCSHARES, INC.

201 SOUTH JEFFERSON AVE

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEVP & Chief Financial Officer

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		23,622	D	(1)	0	D
Common Stock	10/01/2025		D		4,101	D	(2)	0	I	By Issuer KSOP

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
Stock Option (right to buy)	$29.16(3)	10/01/2025		D			5,229(3)	(4)	11/15/2033	Common Stock	5,229	(4)	0	D

Explanation of Responses:

1. Disposed of pursuant to the Plan and Agreement of Merger, dated as of June 24, 2025, by and among, Guaranty Bancshares, Inc., Guaranty Bank & Trust, N.A., Glacier Bancorp, Inc. ("Glacier"), and Glacier Bank (the "Merger Agreement") in exchange for 23,622 shares of Glacier common stock having a market value of $48.75 per share on the effective date of the merger.

2. Disposed of pursuant to the Merger Agreement in exchange for 4,101 shares of Glacier common stock having a market value of $48.75 per share on the effective date of the merger.

3. Adjusted to reflect the payment by Guaranty Bancshares, Inc. on September 23, 2025 of a special cash dividend on its common stock in the amount of $2.30 per share of common stock.

4. This option, which provided for vesting in five equal annual installments beginning November 15, 2023, became fully vested in connection with the merger and was assumed by Glacier in the merger and replaced with an option to purchase 5,229 shares of Glacier common stock for $29.16 per share.

	/s/ Shalene A. Jacobson	10/02/2025
	** Signature of Reporting Person	Date
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