STOCK TITAN

Peoples Financial (PFBX) insider funds buy 2,657 common shares

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

Rhea-AI Filing Summary

Peoples Financial Corp. insider-affiliated funds increased their indirect stake through small open-market purchases. Entities associated with Joseph Stilwell bought a total of 2,657 shares of Common Stock at $21.25 per share on July 1–2, 2026.

One indirect account purchased 2,150 shares, bringing its reported holdings to 476,615 shares. Another indirect account purchased 507 shares, raising its reported holdings to 477,122 shares. The filing also reflects other indirect holdings of 205,760 and 67,505 shares in related partnerships, with Joseph Stilwell disclaiming beneficial ownership beyond 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 null | null | null | null | null
Bought 2,657 shs ($56K)
Type Security Shares Price Value
Purchase Common Stock 507 $21.25 $11K
Purchase Common Stock 2,150 $21.25 $46K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 477,122 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.
Total shares bought 2,657 shares Open-market purchases on July 1–2, 2026
Purchase price $21.25 per share Common Stock open-market transactions
Post-trade holdings (account 1) 476,615 shares Indirect ownership after July 1, 2026 purchase
Post-trade holdings (account 2) 477,122 shares Indirect ownership after July 2, 2026 purchase
Other indirect holdings 205,760 shares Reported as of July 1, 2026
Additional indirect holdings 67,505 shares Reported as of July 1, 2026
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"These shares are owned directly by Stilwell Activist Fund, L.P. and indirectly by Joseph Stilwell"
pecuniary interest financial
"disclaims beneficial ownership of all shares reported as owned indirectly except to the extent of his pecuniary interest therein"
ten percent owner financial
"is_ten_percent_owner: 1"
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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FAQ

What insider transactions did PFBX disclose in this Form 4?

The Form 4 shows entities associated with Joseph Stilwell bought a total of 2,657 shares of Peoples Financial common stock in open-market transactions at $21.25 per share on July 1–2, 2026, increasing reported indirect holdings in two accounts.

Who executed the Peoples Financial (PFBX) share purchases reported here?

The purchases were made by partnership entities including Stilwell Activist Fund, Stilwell Value Partners VII, and Stilwell Activist Investments. Joseph Stilwell is linked through Stilwell Value LLC as general partner and managing member but disclaims beneficial ownership beyond his pecuniary interest.

How many PFBX shares were bought and at what price in this filing?

Entities associated with Joseph Stilwell acquired 2,657 Peoples Financial common shares in total. The trades were open-market purchases executed at a reported price of $21.25 per share on consecutive days, according to the Form 4 transaction table.

What are the resulting indirect holdings after these PFBX purchases?

After the July 1–2, 2026 purchases, one reported indirect account holds 476,615 Peoples Financial shares and another holds 477,122 shares. Additional indirect positions of 205,760 and 67,505 shares are also reported for related partnerships in the same filing.

Does Joseph Stilwell personally own the PFBX shares in this Form 4?

The shares are owned directly by partnerships such as Stilwell Activist Fund, Stilwell Value Partners VII, and Stilwell Activist Investments. Joseph Stilwell is an indirect owner via Stilwell Value LLC and disclaims beneficial ownership except to the extent of his pecuniary interest.

Are these PFBX insider trades large relative to the reported holdings?

The 2,657 shares bought are small compared with post-transaction holdings of 476,615 and 477,122 shares in the two main indirect accounts. This suggests the reported activity represents incremental accumulation rather than a major position change for the associated entities.
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)
07/01/2026
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 Stock205,760ISee footnote(2)
Common Stock07/01/2026P2,150A$21.25476,615ISee footnote(3)
Common Stock07/02/2026P507A$21.25477,122ISee 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.07/06/2026
/s/ Joseph Stilwell as authorized agent for Stilwell Activist Fund, L.P.07/06/2026
/s/ Joseph Stilwell as authorized agent for Stilwell Activist Investments, L.P.07/06/2026
/s/ Joseph Stilwell07/06/2026
/s/ Joseph Stilwell as authorized agent for Stilwell Value LLC07/06/2026
** 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)