[Form 4] Investar Holding Corporation Insider Trading Activity

Rhea-AI Filing Summary

Investar Holding Corp. (ISTR) – Insider Form 4 filing

Director Julio A. Melara reported an insider purchase on 07/01/2025. He acquired 25 shares of the company’s Series A Non-cumulative Perpetual Convertible Preferred Stock at $1,000 per share, representing an aggregate investment of $25,000. Each preferred share is immediately convertible into roughly 47.62 common shares (total ≈ 1,190.48 shares). The preferred stock has no expiration date, and the transaction was coded “A” (acquisition) and recorded as direct ownership. No sales or non-derivative equity transactions were disclosed. While the dollar amount is small relative to Investar’s market value, the purchase adds a modestly positive insider-confidence signal for shareholders.

Positive

• Insider confidence: Director purchased $25,000 of Series A convertible preferred, indicating a personal capital commitment.
• Immediate convertibility: Preferred shares can be turned into common stock at a fixed rate, aligning the director’s interests with common shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR – Modest insider buy of convertible preferred; positive signal but minimal financial impact.

The Form 4 shows Director Melara committing $25 k to Series A convertible preferred, equating to about 1.2 k common shares. The perpetual, fixed-rate conversion feature suggests he is comfortable locking in long-term exposure. From a signaling standpoint, any insider purchase leans bullish; however, the size is immaterial against Investar’s outstanding share count and market cap, so portfolio impact is muted. I classify the filing as neutral-to-slightly-positive for sentiment, not materially impactful for valuation.

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^*

Melara Julio A

(Last) (First) (Middle)

C/O INVESTAR HOLDING CORPORATION

10500 COURSEY BLVD.

(Street)

BATON ROUGE LA 70816

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Investar Holding Corp [ ISTR ]

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)
07/01/2025

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

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
Series A Noncumulative Perpetual Convertible Preferred Stock	(1)	07/01/2025		A		25		07/01/2025	(2)	Common Stock	1,190.48	$1,000	25	D

Explanation of Responses:

1. The conversion price of the Series A Noncumulative Perpetual Convertible Preferred Stock is fixed, but is subject to adjustment upon the occurrence of certain events as set forth in the Articles of Amendment to the Issuer's Articles of Incorporation designating the Series A Noncumulative Perpetual Convertible Preferred Stock.

2. The preferred stock is perpetual and therefore has no expiration date.

	/s/ Julio A. Melara	07/03/2025
	** 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 Investar (ISTR) disclose in the latest Form 4?

Director Julio A. Melara acquired 25 shares of Series A convertible preferred stock on 07/01/2025.

How much did the director invest in Investar’s preferred shares?

He invested $25,000 (25 shares at $1,000 each).

How many common shares could the preferred stock convert into?

The 25 preferred shares are convertible into approximately 1,190.48 common shares.

Does the Series A preferred stock have an expiration date?

No. It is perpetual and therefore carries no expiration.

What insider role does Julio A. Melara hold at Investar?

He is listed as a Director of Investar Holding Corporation.