ServisFirst (SFBS) insider sale: 22,206 shares at $87.99; ownership changes noted

Rhea-AI Filing Summary

Thomas A. Broughton, ServisFirst Bancshares, Inc. chairman, president and CEO, reported a sale of 22,206 shares of common stock on 08/22/2025 at a weighted-average price of $87.99. After the reported sale, the filing shows 592,588 shares directly beneficially owned by Mr. Broughton and additional indirect holdings of 125,289 shares (Tab 2 LLC), 55,138 shares held by his spouse, and 2,775 shares in a 401(k) plan. Footnotes state transfers from a GRAT moved 122,892 shares on 06/11/2025 and 77,185 shares between 07/25/2025 and 07/29/2025 into Mr. Broughton’s ownership. The form was signed by an attorney-in-fact on 08/26/2025.

Insights

Securities Analyst

TL;DR: CEO sold a modest block of shares; remaining direct ownership remains large after recent GRAT transfers.

The 22,206-share sale at a weighted-average price of $87.99 is a discrete, non-derivative disposition and represents a small portion of the reporting person’s total beneficial position. The filing documents recent transfers from a GRAT that increased Mr. Broughton’s direct holdings, clarifying changes in ownership form rather than new external acquisitions or disposals. For market impact, the sale is unlikely to materially alter supply-demand dynamics given the size of his remaining direct and indirect holdings.

Corporate Governance Expert

TL;DR: The Form 4 provides transparent disclosures of ownership changes and estate-planning transfers.

The filing includes detailed footnotes explaining weighted-average pricing and internal transfers from a grantor retained annuity trust (GRAT), which helps interpret the reported change in beneficial ownership as estate-planning related. The presence of separately managed entities (TAB2, TAB3) noted as managed by a third-party manager is disclosed, but the filing does not provide additional governance context about voting or control changes. Timely filing via attorney-in-fact preserves compliance clarity.

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

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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^*

BROUGHTON THOMAS A

(Last) (First) (Middle)

4229 OLD BROOK TRAIL

(Street)

BIRMINGHAM AL 35243

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ServisFirst Bancshares, Inc. [ SFBS ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President, & CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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	08/22/2025		S		22,206	D	$87.99(1)	592,588(2)(3)	D
Common Stock								125,289(2)(3)(4)(5)	I	Tab 2 LLC
Common Stock								55,138	I	By Wife
Common Stock								2,775	I	By 401 (K) Plan

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. The price reported in column 4 is a weighted average price. The shares were sold in multiple transactions ranging in price from $87.72 to $88.16, inclusive. The reporting person undertakes to provide ServisFirst Bancshares, Inc., any security holder of ServisFirst Bancshares, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price set forth in this footnote to this Form 4.

2. Reflects 122,892 shares previously held by a GRAT that were transferred to Mr. Broughton on 06/11/2025, representing a change in the form of beneficial ownership.

3. Reflects 77,185 shares previously held by a GRAT that were transferred to Mr. Broughton between 07/25/2025 and 07/29/2025, representing a change in the form of beneficial ownership.

4. Shares are held by a GRAT for the benefit of Mr. Broughton's children, for which Mr. Broughton retains the power of substitution.

5. Does not include 190,000 shares held by TAB2, LLC and 300,000 shares held by TAB3, LLC, which are managed by a third party manager

	/s/ Davis S. Mange, Attorney-In-Fact	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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