STOCK TITAN

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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Sondra Cunningham, a director of Guaranty Bancshares, Inc. (Ticker: GNTY), reported transactions tied to the company’s merger with Glacier Bancorp, Inc. On 10/01/2025 she disposed of 291 Guaranty common shares under the merger consideration and now reports 0 shares of Guaranty common stock beneficially owned following that disposition. Those 291 shares were exchanged for Glacier common stock valued at $48.75 per share on the merger effective date.

Two stock options were treated in the merger: a 2,091-share option with an exercise price of $27.47 and a 3,137-share option with an exercise price of $33.95. Both options vested in connection with the merger and were assumed by Glacier, replaced with options to purchase the stated numbers of Glacier common shares; post-transaction derivative ownership of Guaranty common stock is reported as 0.

Sondra Cunningham, una direttrice di Guaranty Bancshares, Inc. (Ticker: GNTY), ha riportato operazioni legate alla fusione dell'azienda con Glacier Bancorp, Inc. Il 01/10/2025 ha venduto 291 azioni ordinarie Guaranty nell'ambito della controparte di fusione e ora riporta 0 azioni di Guaranty ordinarie possedute beneficiariamente a seguito di tale disposizione. Quelle 291 azioni sono state scambiate per azioni ordinarie Glacier valutate $48.75 per azione alla data di effetto della fusione.

Due opzioni azionarie sono state trattate nella fusione: una opzione da 2,091 azioni con prezzo di esercizio di $27.47 e una opzione da 3,137 azioni con prezzo di esercizio di $33.95. Entrambe le opzioni sono maturate in relazione alla fusione e sono state assunte da Glacier, sostituite con opzioni per l'acquisto del numero indicato di azioni ordinarie Glacier; la proprietà derivata post-trasazione di azioni ordinarie Guaranty è riportata come 0.

Sondra Cunningham, una directora de Guaranty Bancshares, Inc. (símbolo: GNTY), reportó operaciones vinculadas a la fusión de la compañía con Glacier Bancorp, Inc. El 01/10/2025 deshizo de 291 acciones ordinarias Guaranty en la compensación de la fusión y ahora reporta 0 acciones de Guaranty beneficiariamente poseídas tras esa disposición. Esas 291 acciones se canjearon por acciones comunes de Glacier valuadas en $48.75 por acción en la fecha de efecto de la fusión.

Dos opciones sobre acciones se trataron en la fusión: una opción de 2,091 acciones con precio de ejercicio de $27.47 y una opción de 3,137 acciones con precio de ejercicio de $33.95. Ambas opciones adquirieron derechos en relación con la fusión y fueron asumidas por Glacier, reemplazadas por opciones para comprar las mismas cantidades de acciones comunes Glacier; la propiedad derivada de Guaranty tras la transacción se reporta como 0.

Sondra Cunningham은 Guaranty Bancshares, Inc.의 이사로서(티커: GNTY), 회사의 Glacier Bancorp, Inc.와의 합병과 관련된 거래를 보고했습니다. 2025/10/01에 그녀는 합병 보상으로 Guaranty 보통주 291주를 처분했고 이번 처분 이후 Guaranty 보통주를 실질적으로 보유한 주식은 0주로 보고됩니다. 그 291주는 합병일의 Glacier 보통주로 교환되었으며 주당 가치가 $48.75였습니다.

합병에서 다루어진 두 개의 주식 옵션이 있습니다: 행사가격이 $27.472,091주 옵션과 행사가격이 $33.953,137주 옵션. 두 옵션 모두 합병과 함께 vesting되었고 Glacier가 인수했으며 Glacier의 일반주를 매수할 수 있는 옵션으로 교체되었습니다; 거래 후 Guaranty 일반주의 파생소유권은 0으로 보고됩니다.

Sondra Cunningham, une directrice de Guaranty Bancshares, Inc. ( ticker: GNTY ), a rapporté des transactions liées à la fusion de la société avec Glacier Bancorp, Inc. Le 01/10/2025, elle a cédé 291 actions ordinaires Guaranty dans le cadre de la contrepartie de la fusion et déclare maintenant posséder 0 actions ordinaires Guaranty bénéficiaires après cette cession. Ces 291 actions ont été échangées contre des actions ordinaires Glacier évaluées à $48.75 par action à la date d’effet de la fusion.

Deux options sur actions ont été traitées lors de la fusion : une option de 2,091 actions avec un prix d’exercice de $27.47 et une option de 3,137 actions avec un prix d’exercice de $33.95. Les deux options sont devenues exerçables dans le cadre de la fusion et ont été assumées par Glacier, remplacées par des options permettant d’acheter les mêmes nombres d’actions ordinaires Glacier ; la propriété dérivée post-transactions d’actions Guaranty est rapportée comme 0.

Sondra Cunningham, eine Direktorin von Guaranty Bancshares, Inc. (Wertpapierkennnummer: GNTY), meldete Transaktionen im Zusammenhang mit der Übernahme des Unternehmens durch Glacier Bancorp, Inc. Am 01.10.2025 veräußerte sie 291 Guaranty Stammaktien unter der Übernahmevergütung und meldet nun 0 Guaranty Stammaktien als begünstigt gehalten nach dieser Veräußerung. Die 291 Aktien wurden gegen Glacier Stammaktien getauscht, die zum Übernahmezeitpunkt $48.75 pro Aktie wert waren.

Zwei Aktienoptionen wurden in der Übernahme behandelt: eine 2.091-Aktienoption mit Ausübungspreis von $27.47 und eine 3.137-Aktienoption mit Ausübungspreis von $33.95. Beide Optionen wurden durch die Übernahme vested und von Glacier übernommen, ersetzt durch Optionen zum Erwerb der angegebenen Anzahl von Glacier-Stammaktien; nach der Transaktion wird das Derivatebesitz an Guaranty-Stammaktien als 0 berichtet.

Sondra Cunningham، مديرة في Guaranty Bancshares, Inc. (رمز التداول: GNTY)، أفادت بصفقات مرتبطة بدمج الشركة مع Glacier Bancorp, Inc. في 01/10/2025 باعتْها باعت 291 سهم عادي من Guaranty كجزء من تعويض الدمج وتُقر الآن بامتلاك 0 أسهم Guaranty عادية مستفاد بها بعد ذلك التصريف. هذه الأسهم الـ291 تم تبادلها مع أسهم Glacier عادية بقيمة $48.75 للسهم عند تاريخ سريان الدمج.

تم التعامل مع خيارين للسهم في الدمج: خيار من 2,091 سهم مع سعر ممارسة $27.47 وخيار من 3,137 سهم مع سعر ممارسة $33.95. كلا الخيارين أصبحا جاهزين لممارسة بموجب الدمج وتمت اعتمادهما من Glacier، واستبدلا بخيارات لشراء نفس عدد أسهم Glacier العادية؛ وتُذكر الملكية المشتقة لـ Guaranty العادية بعد الصفقة كـ 0.

Sondra Cunningham,是 Guaranty Bancshares, Inc. 的 董事,股票代號為 GNTY,就該公司與 Glacier Bancorp, Inc. 的合併所涉交易做出報告。於 2025/10/01 她以合併對價出售了 291 股 Guaranty 普通股,經此處置後現報告持有之 Guaranty 普通股為 0 股。這 291 股在合併生效日以每股 $48.75 的 Glacier 普通股價值進行交換。

在合併中有兩項股票期權:一項為 2,091 股、行使價 $27.47 的期權,以及一項為 3,137 股、行使價 $33.95 的期權。兩項期權都在合併時歸屬,並由 Glacier 接手,替換為購買相同數量的 Glacier 普通股的期權;交易後 Guaranty 普通股的衍生所有權報告為 0

Positive
  • 291 Guaranty shares exchanged for Glacier stock valued at $48.75 per share
  • 2,091-share and 3,137-share options were assumed by Glacier rather than cancelled
Negative
  • 0 Guaranty common shares beneficially owned by the reporting person after the transaction
  • Reported derivative ownership of Guaranty common stock is 0 following the merger

Insights

Director exchanged Guaranty shares in a merger, reducing direct Guaranty ownership to zero.

The filing shows 291 Guaranty shares were disposed of under the Merger Agreement and exchanged for Glacier common stock valued at $48.75 per share.

This transaction legally moves the director’s equity exposure from Guaranty common stock to Glacier common stock, which can change voting and disclosure status for the director.

Outstanding Guaranty options became fully vested and were assumed by Glacier with specified strike prices.

Two options—one for 2,091 shares at $27.47 and one for 3,137 shares at $33.95—were described as fully vested upon the merger and replaced by Glacier options for the same share counts.

From an executive-compensation view, the filing documents preservation of option economics via assumption rather than cashing out; post-merger derivative holdings in Guaranty stock are 0.

Sondra Cunningham, una direttrice di Guaranty Bancshares, Inc. (Ticker: GNTY), ha riportato operazioni legate alla fusione dell'azienda con Glacier Bancorp, Inc. Il 01/10/2025 ha venduto 291 azioni ordinarie Guaranty nell'ambito della controparte di fusione e ora riporta 0 azioni di Guaranty ordinarie possedute beneficiariamente a seguito di tale disposizione. Quelle 291 azioni sono state scambiate per azioni ordinarie Glacier valutate $48.75 per azione alla data di effetto della fusione.

Due opzioni azionarie sono state trattate nella fusione: una opzione da 2,091 azioni con prezzo di esercizio di $27.47 e una opzione da 3,137 azioni con prezzo di esercizio di $33.95. Entrambe le opzioni sono maturate in relazione alla fusione e sono state assunte da Glacier, sostituite con opzioni per l'acquisto del numero indicato di azioni ordinarie Glacier; la proprietà derivata post-trasazione di azioni ordinarie Guaranty è riportata come 0.

Sondra Cunningham, una directora de Guaranty Bancshares, Inc. (símbolo: GNTY), reportó operaciones vinculadas a la fusión de la compañía con Glacier Bancorp, Inc. El 01/10/2025 deshizo de 291 acciones ordinarias Guaranty en la compensación de la fusión y ahora reporta 0 acciones de Guaranty beneficiariamente poseídas tras esa disposición. Esas 291 acciones se canjearon por acciones comunes de Glacier valuadas en $48.75 por acción en la fecha de efecto de la fusión.

Dos opciones sobre acciones se trataron en la fusión: una opción de 2,091 acciones con precio de ejercicio de $27.47 y una opción de 3,137 acciones con precio de ejercicio de $33.95. Ambas opciones adquirieron derechos en relación con la fusión y fueron asumidas por Glacier, reemplazadas por opciones para comprar las mismas cantidades de acciones comunes Glacier; la propiedad derivada de Guaranty tras la transacción se reporta como 0.

Sondra Cunningham은 Guaranty Bancshares, Inc.의 이사로서(티커: GNTY), 회사의 Glacier Bancorp, Inc.와의 합병과 관련된 거래를 보고했습니다. 2025/10/01에 그녀는 합병 보상으로 Guaranty 보통주 291주를 처분했고 이번 처분 이후 Guaranty 보통주를 실질적으로 보유한 주식은 0주로 보고됩니다. 그 291주는 합병일의 Glacier 보통주로 교환되었으며 주당 가치가 $48.75였습니다.

합병에서 다루어진 두 개의 주식 옵션이 있습니다: 행사가격이 $27.472,091주 옵션과 행사가격이 $33.953,137주 옵션. 두 옵션 모두 합병과 함께 vesting되었고 Glacier가 인수했으며 Glacier의 일반주를 매수할 수 있는 옵션으로 교체되었습니다; 거래 후 Guaranty 일반주의 파생소유권은 0으로 보고됩니다.

Sondra Cunningham, une directrice de Guaranty Bancshares, Inc. ( ticker: GNTY ), a rapporté des transactions liées à la fusion de la société avec Glacier Bancorp, Inc. Le 01/10/2025, elle a cédé 291 actions ordinaires Guaranty dans le cadre de la contrepartie de la fusion et déclare maintenant posséder 0 actions ordinaires Guaranty bénéficiaires après cette cession. Ces 291 actions ont été échangées contre des actions ordinaires Glacier évaluées à $48.75 par action à la date d’effet de la fusion.

Deux options sur actions ont été traitées lors de la fusion : une option de 2,091 actions avec un prix d’exercice de $27.47 et une option de 3,137 actions avec un prix d’exercice de $33.95. Les deux options sont devenues exerçables dans le cadre de la fusion et ont été assumées par Glacier, remplacées par des options permettant d’acheter les mêmes nombres d’actions ordinaires Glacier ; la propriété dérivée post-transactions d’actions Guaranty est rapportée comme 0.

Sondra Cunningham, eine Direktorin von Guaranty Bancshares, Inc. (Wertpapierkennnummer: GNTY), meldete Transaktionen im Zusammenhang mit der Übernahme des Unternehmens durch Glacier Bancorp, Inc. Am 01.10.2025 veräußerte sie 291 Guaranty Stammaktien unter der Übernahmevergütung und meldet nun 0 Guaranty Stammaktien als begünstigt gehalten nach dieser Veräußerung. Die 291 Aktien wurden gegen Glacier Stammaktien getauscht, die zum Übernahmezeitpunkt $48.75 pro Aktie wert waren.

Zwei Aktienoptionen wurden in der Übernahme behandelt: eine 2.091-Aktienoption mit Ausübungspreis von $27.47 und eine 3.137-Aktienoption mit Ausübungspreis von $33.95. Beide Optionen wurden durch die Übernahme vested und von Glacier übernommen, ersetzt durch Optionen zum Erwerb der angegebenen Anzahl von Glacier-Stammaktien; nach der Transaktion wird das Derivatebesitz an Guaranty-Stammaktien als 0 berichtet.

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
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*
Cunningham Sondra

(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)
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 291 D (1) 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) $27.47(2) 10/01/2025 D 2,091(2) (3) 04/30/2034 Common Stock 2,091 (3) 0 D
Stock Option (right to buy) $33.95(2) 10/01/2025 D 3,137(2) (4) 11/16/2032 Common Stock 3,137 (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 issuer, Guaranty Bancshares, Inc., Guaranty Bank & Trust, N.A., Glacier Bancorp, Inc. ("Glacier"), and Glacier Bank (the "Merger Agreement") in exchange for 291 shares of Glacier common stock having a market value of $48.75 per share on the effective date of the merger.
2. 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.
3. This option, which provided for vesting in five equal annual installments beginning April 30, 2024, became fully vested in connection with the merger and was assumed by Glacier in the merger and replaced with an option to purchase 2,091 shares of Glacier common stock for $27.47 per share.
4. This option, which provided for vesting in five equal annual installments beginning November 16, 2022, became fully vested in connection with the merger and was assumed by Glacier in the merger and replaced with an option to purchase 3,137 shares of Glacier common stock for $33.95 per share.
/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 Sondra Cunningham report on Form 4 for GNTY?

She reported disposing of 291 Guaranty common shares on 10/01/2025 under the Merger Agreement and that her Guaranty holdings are now 0.

How were the 291 Guaranty shares valued in the merger?

The filing states the 291 Guaranty shares were exchanged for Glacier common stock valued at $48.75 per share on the merger effective date.

What happened to Cunningham’s stock options after the merger?

Two options fully vested and were assumed by Glacier: one for 2,091 shares at a $27.47 exercise price and one for 3,137 shares at a $33.95 exercise price.

Does Cunningham still own Guaranty common stock after the reported transactions?

No. The Form 4 reports she beneficially owns 0 shares of Guaranty common stock following the transactions.

What is the effective date of the transactions reported?

The transaction date shown on the Form 4 is 10/01/2025 with the form signed on 10/02/2025.
Guaranty Bancshares Inc Tex

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