STOCK TITAN

Peoples Financial (OTC: PFBX) insider group buys 42,658 shares

(Very High)
(Positive)
Form Type
4

Rhea-AI Filing Summary

Investment funds associated with Joseph Stilwell, as part of a Section 13(d) group owning over 10% of Peoples Financial Corp., reported net purchases of 42,658 shares of common stock on July 31, 2026 at an average price of 22.2489 per share, through Stilwell Value Partners VII and Stilwell Activist Investments. Joseph Stilwell reports only indirect interests in these holdings, limited to his pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Stilwell Joseph, Stilwell Value LLC, Stilwell Value Partners VII, L.P., Stilwell Activist Fund, L.P., Stilwell Activist Investments, L.P.
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought 42,658 shs ($949K)
Type Security Shares Price Value
Purchase Common Stock F2 4,692 $22.2489 $104K
Purchase Common Stock F3 37,966 $22.2489 $845K
holding Common Stock F1 -- -- --
Holdings After Transaction: Common Stock — 585,293 shares (Indirect, See footnote)
Footnotes (3)
  1. F1. These shares are owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
  2. F2. These shares are owned directly by Stilwell Value Partners VII, L.P. ("SVP VII") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
  3. F3. These shares are owned directly by Stilwell Activist Investments, L.P. ("SAI") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
Shares purchased (Stilwell Value Partners VII, L.P.) 4,692 shares Common Stock bought on July 31, 2026 via indirect ownership
Shares purchased (Stilwell Activist Investments, L.P.) 37,966 shares Common Stock bought on July 31, 2026 via indirect ownership
Total shares purchased 42,658 shares Aggregate net purchases reported across non-derivative transactions
Purchase price per share 22.2489 per share Average price for both common stock purchases on July 31, 2026
Buy transactions count 2 Number of non-derivative purchase transactions in common stock
Group ownership level more than 10% Section 13(d) group beneficially owns over 10% of common stock
Section 13(d) group regulatory
"members of a Section 13(d) group that beneficially owns more than 10%"
beneficial ownership regulatory
"disclaims beneficial ownership of all shares reported as owned indirectly"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
general partner financial
"Value, which is the general partner of SAF"
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider buying in PFBX did the Stilwell group report?

Affiliated funds reported purchasing 42,658 shares of Peoples Financial (PFBX) common stock on July 31, 2026 at an average price of 22.2489 per share. The purchases occurred through Stilwell Value Partners VII and Stilwell Activist Investments as indirect holdings.

Who actually owns the PFBX shares reported in this Form 4 for PFBX?

The shares are owned directly by limited partnerships Stilwell Value Partners VII, L.P. and Stilwell Activist Investments, L.P.. They are owned indirectly by Joseph Stilwell through Stilwell Value LLC as general partner, and he disclaims beneficial ownership beyond his pecuniary interest.

How many PFBX shares did each Stilwell-affiliated fund buy?

Stilwell Value Partners VII, L.P. bought 4,692 PFBX common shares, and Stilwell Activist Investments, L.P. bought 37,966 shares, both on July 31, 2026. Together, these purchases total the reported 42,658 shares acquired indirectly.

What is the ownership status of the Stilwell group in PFBX?

The reporting persons state they are members of a Section 13(d) group that beneficially owns more than 10% of Peoples Financial’s common stock. This indicates a significant shareholder position collectively across the Stilwell-related entities.

Were the reported PFBX transactions made under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not marked as being pursuant to a trading plan. This indicates the reported 42,658 shares of PFBX common stock were not affirmed as purchased under a pre-arranged Rule 10b5-1 trading arrangement.
SEC Form 4
FORM 4UNITED 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
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*
Stilwell Joseph

(Last)(First)(Middle)
200 CALLE DEL SANTO CRISTO

(Street)
SAN JUAN PUERTO RICO 00901

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
PEOPLES FINANCIAL CORP /MS/ [ PFBX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock67,505ISee footnote(1)
Common Stock07/31/2026P4,692A$22.2489210,452ISee footnote(2)
Common Stock07/31/2026P37,966A$22.2489517,788ISee footnote(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
Stilwell Joseph

(Last)(First)(Middle)
200 CALLE DEL SANTO CRISTO

(Street)
SAN JUAN PUERTO RICO 00901

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Stilwell Value LLC

(Last)(First)(Middle)
111 BROADWAY, 12TH FLOOR

(Street)
NEW YORK NEW YORK 10006

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Stilwell Value Partners VII, L.P.

(Last)(First)(Middle)
111 BROADWAY, 12TH FLOOR

(Street)
NEW YORK NEW YORK 10006

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Stilwell Activist Fund, L.P.

(Last)(First)(Middle)
111 BROADWAY, 12TH FLOOR

(Street)
NEW YORK NEW YORK 10006

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Stilwell Activist Investments, L.P.

(Last)(First)(Middle)
111 BROADWAY, 12TH FLOOR

(Street)
NEW YORK NEW YORK 10006

(City)(State)(Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. These shares are owned directly by Stilwell Activist Fund, L.P. ("SAF") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Stilwell Value LLC ("Value"), which is the general partner of SAF. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
2. These shares are owned directly by Stilwell Value Partners VII, L.P. ("SVP VII") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SVP VII. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
3. These shares are owned directly by Stilwell Activist Investments, L.P. ("SAI") and indirectly by Joseph Stilwell in his capacity as the managing member and owner of Value, which is the general partner of SAI. Joseph Stilwell disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein.
Remarks:
The reporting persons are jointly filing this statement as members of a Section 13(d) group that beneficially owns more than 10% of the issuer's common stock.
/s/ Joseph Stilwell as authorized agent for Stilwell Value Partners VII, L.P.08/03/2026
/s/ Joseph Stilwell as authorized agent for Stilwell Activist Fund, L.P.08/03/2026
/s/ Joseph Stilwell as authorized agent for Stilwell Activist Investments, L.P.08/03/2026
/s/ Joseph Stilwell08/03/2026
/s/ Joseph Stilwell as authorized agent for Stilwell Value LLC08/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)