MGNO Form 3: EVP/CFO Donice Wagner Files Initial Statement Showing No Shares

Rhea-AI Filing Summary

This Form 3 discloses that Donice L. Wagner, serving as EVP, Secretary and CFO and a director of Magnolia Bancorp, Inc. (MGNO), filed an initial beneficial ownership statement relating to the 09/18/2025 event. The filing shows 0 shares of Common Stock ($0.01 par) beneficially owned and indicates the form was signed on 09/22/2025. The document is an initial Section 16 filing and contains no derivative holdings or additional ownership details.

Insights

Corporate Governance Expert

TL;DR The CFO/director filed an initial Form 3 reporting no direct ownership of common stock; this is a routine disclosure under Section 16.

The filing is procedural: it documents the initial reporting obligation for Donice L. Wagner and shows no direct common shares and no derivative positions. For governance oversight, the absence of reported ownership is a fact to note for insider alignment analysis but the form itself contains no transactions or material changes to evaluate.

Securities Analyst

TL;DR Initial insider disclosure filed showing 0 shares owned; no market-impacting transactions or derivative positions disclosed.

From a securities-reporting perspective, this is a routine initial statement that does not provide evidence of buying or selling activity. The absence of holdings means there is no immediate impact on share supply or insider-driven liquidity; additional Section 16 filings would be needed to assess trading behavior.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Wagner Donice L.

Role EVP, Secretary and CFO

Type	Security	Shares	Price	Value
holding	Common Stock $.01 par value	--	--	--

Holdings After Transaction: Common Stock $.01 par value — 0 shares (Direct)

Footnotes (1)

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Wagner Donice L.

(Last) (First) (Middle)

C/O MAGNOLIA BANCORP, INC.

2900 CLEARVIEW PKWY.

(Street)

METAIRIE LA 70006

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/18/2025

3. Issuer Name and Ticker or Trading Symbol
Magnolia Bancorp, Inc. [ MGNO ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Secretary and CFO

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock $.01 par value	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Donice L. Wagner	09/22/2025
	** 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 5 (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 the Form 3 filed by Donice L. Wagner for MGNO report?

The Form 3 reports an initial beneficial ownership statement showing 0 shares of Common Stock beneficially owned and no derivative securities.

What is Donice L. Wagner's role at Magnolia Bancorp (MGNO)?

The filing identifies Donice L. Wagner as a Director and as EVP, Secretary and CFO of Magnolia Bancorp.

When was the event date and when was the Form 3 signed?

The event date is listed as 09/18/2025 and the Form 3 was signed on 09/22/2025.

Does the Form 3 show any derivative or option holdings for the reporting person?

No. Table II in the filing contains no derivative securities and no exercisable or convertible positions are reported.

Is this Form 3 indicative of any insider trading activity?

No. The Form 3 is an initial disclosure showing no ownership and no transactions; it does not indicate buying or selling activity.