[Form 4] Southside Bancshares, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Shands Hilliard J, a director of Southside Bancshares, Inc. (SBSI), reported a transaction dated 09/04/2025 showing the receipt of 15 dividend-equivalent rights related to restricted stock units at no cash cost. After the reported acquisition, the reporting person directly beneficially owns 50,195 shares and has additional indirect holdings of 201,952 shares (spousal trust), 6,795 shares (IRA) and 5,721 shares (spouse IRA). The filing explains these items are dividend equivalents paid on RSUs and are subject to the same terms as the underlying RSUs. The form was signed by an attorney-in-fact on 09/08/2025.

Insights

Financial Analyst

TL;DR: Small, non-cash dividend-equivalent issuance; changes ownership counts but is not a market-moving trade.

The Form 4 documents a routine issuance of 15 dividend-equivalent rights on RSUs to a director, recorded as acquired at $0. Such dividend equivalents increase reported beneficial ownership without cash outlay and do not represent a purchase or sale of open-market shares. The filing clarifies the reporting person's combined direct and indirect holdings across trust and IRA vehicles, which is useful for understanding insider ownership concentration but appears administratively driven rather than signaling a change in investment stance.

Corporate Governance Expert

TL;DR: Routine insider reporting of dividend-equivalent rights consistent with equity compensation administration.

The disclosure is procedural: dividend equivalents on RSUs were received and reported in accordance with Section 16 rules. The breakdown of direct versus indirect ownership (direct: 50,195; indirect total: 213, (469?) — note: rely only on figures in form: spousal trust 201,952, IRA 6,795, spouse IRA 5,721) provides transparency on control and potential voting influence. There are no option exercises, sales, or derivative transactions disclosed that would raise immediate governance concerns.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider SHANDS HILLIARD J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	15	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 50,195 shares (Direct); Common Stock — 201,952 shares (Indirect, Spousal Trust)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

SHANDS HILLIARD J

(Last) (First) (Middle)

1201 S BECKHAM AVE

(Street)

TYLER TX 75701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SOUTHSIDE BANCSHARES INC [ SBSI ]

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)
09/04/2025

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
Common Stock	09/04/2025		A		15(1)	A	$0(1)	50,195	D
Common Stock								201,952	I	Spousal Trust
Common Stock								6,795	I	IRA
Common Stock								5,721	I	Spouse - IRA

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

Explanation of Responses:

1. Reflects dividend equivalent rights received pursuant to a cash dividend on RSUs held by the reporting person. Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.

Remarks:

	Lindsey Bibby Bailes, attorney in fact	09/08/2025
	** 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.