Peoples Financial Corp (PFBX) insider group adds 2,500-share open-market stake

Rhea-AI Filing Summary

Peoples Financial Corp reported an insider group led by Joseph Stilwell that beneficially owns more than 10% of its common stock. On 2026-07-15, Stilwell Activist Investments, L.P. purchased 2,500 common shares at $21.75 per share, increasing its indirect holdings to 479,822 shares. Related funds report additional indirect holdings of 67,505 and 205,760 shares. Joseph Stilwell reports these positions indirectly through Stilwell Value LLC and disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

Net Buyer: 2,500 shares ($54,375)

Net Buy 3 txns

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 2,500 shs ($54K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	2,500	$21.75	$54K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 479,822 shares (Indirect, See footnote)

Footnotes (1)

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. 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. 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.

Key Figures

Shares purchased: 2,500 shares Purchase price: $21.75 per share Indirect holdings via Stilwell Activist Investments, L.P.: 479,822 shares +3 more

6 metrics

Shares purchased 2,500 shares Common Stock bought indirectly via Stilwell Activist Investments, L.P. on 2026-07-15

Purchase price $21.75 per share Price paid for 2,500 Peoples Financial Corp common shares

Indirect holdings via Stilwell Activist Investments, L.P. 479,822 shares Total common shares held after the 2026-07-15 purchase

Indirect holdings via Stilwell Activist Fund, L.P. 67,505 shares Common Stock owned directly by Stilwell Activist Fund, L.P. and reported indirectly for Joseph Stilwell

Indirect holdings via Stilwell Value Partners VII, L.P. 205,760 shares Common Stock owned directly by Stilwell Value Partners VII, L.P. and reported indirectly for Joseph Stilwell

Group beneficial ownership threshold More than 10% of common stock Section 13(d) group status for reporting persons in Peoples Financial Corp

Key Terms

Section 13(d) group, ten percent owner, pecuniary interest, indirectly

4 terms

Section 13(d) group regulatory

"jointly filing this statement as members of a Section 13(d) group"

ten percent owner regulatory

"each reporting person is identified as a ten percent owner"

pecuniary interest financial

"disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest"

indirectly financial

"These shares are owned directly by Stilwell Activist Investments, L.P. and indirectly by Joseph Stilwell"

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 11:20 AM Accepted by SEC EDGAR 07/17/2026 - 11:19 AM Learn about SEC filing dates

FAQ

What insider transaction did PFBX report on July 15, 2026?

Peoples Financial Corp (PFBX) reported that Stilwell Activist Investments, L.P. bought 2,500 common shares at $21.75 per share on 2026-07-15. This open-market purchase is reported as an indirect holding for Joseph Stilwell through Stilwell Value LLC.

What indirect PFBX holdings are reported for the Stilwell entities?

The filing lists 479,822 shares held by Stilwell Activist Investments, L.P., 67,505 shares by Stilwell Activist Fund, L.P., and 205,760 shares by Stilwell Value Partners VII, L.P. All are reported as indirect holdings for Joseph Stilwell via Stilwell Value LLC.

Who are the reporting persons in this Peoples Financial Corp (PFBX) Form 4?

Reporting persons are Joseph Stilwell, Stilwell Value LLC, Stilwell Value Partners VII, L.P., Stilwell Activist Fund, L.P., and Stilwell Activist Investments, L.P. Each is identified as a ten percent owner, jointly filing as a Section 13(d) group in Peoples Financial Corp.

How much Peoples Financial Corp (PFBX) stock does Stilwell Activist Investments, L.P. hold after the transaction?

After the reported purchase, Stilwell Activist Investments, L.P. holds 479,822 shares of Peoples Financial Corp common stock. These shares are owned directly by that partnership and reported as indirectly owned by Joseph Stilwell through Stilwell Value LLC as its general partner.

Does the PFBX insider transaction involve a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not selected, so the reported transactions are not flagged as being made under a pre-arranged Rule 10b5-1 trading plan. They appear as discretionary trades rather than automated plan executions.

How does Joseph Stilwell describe his beneficial ownership of PFBX shares?

Joseph Stilwell reports PFBX shares as owned indirectly through affiliated partnerships and Stilwell Value LLC. He disclaims beneficial ownership of these indirectly owned shares except to the extent of his pecuniary interest in the entities holding the stock.

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

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)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock								67,505	I	See footnote(1)
Common Stock								205,760	I	See footnote(2)
Common Stock	07/15/2026		P		2,500	A	$21.75	479,822	I	See 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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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

	Director	X	10% 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

	Director	X	10% 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

	Director	X	10% 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

	Director	X	10% 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

	Director	X	10% 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.	07/17/2026
	/s/ Joseph Stilwell as authorized agent for Stilwell Activist Fund, L.P.	07/17/2026
	/s/ Joseph Stilwell as authorized agent for Stilwell Activist Investments, L.P.	07/17/2026
	/s/ Joseph Stilwell	07/17/2026
	/s/ Joseph Stilwell as authorized agent for Stilwell Value LLC	07/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)