[Form 4] Simmons First National Corp Insider Trading Activity

Rhea-AI Filing Summary

Simmons First National Corp. (SFNC) Form 4, filed 24-Jul-2025, reports an insider purchase by director Susan S. Lanigan.

On 23-Jul-2025 Lanigan acquired 540 SFNC common shares through the company’s directed share program connected to an underwritten public offering. The transaction is coded “P” (open-market/private purchase) at the offering price of $18.50 per share, implying a cash outlay of about $10,000.

After the purchase, Lanigan directly owns 30,793 shares. No derivative securities were bought or sold, and no other changes in ownership were disclosed. The filing was executed by attorney-in-fact Natalie Gassiott.

Insights

Financial Analyst

TL;DR: Minor insider buy; signals confidence but immaterial to valuation.

The 540-share purchase (~$10k) marginally lifts the director’s stake to 30,793 shares. While insider buying is generally deemed a bullish signal, the volume is too small to alter share-count dynamics or liquidity. The absence of derivative transactions suggests the director opted for straightforward equity exposure during a public offering. Impact on SFNC’s fundamentals or market perception should be negligible.

Corporate Governance Expert

TL;DR: Routine compliance filing; governance posture unchanged.

The Form 4 reflects timely disclosure of an insider’s participation in a directed share program, demonstrating adherence to Section 16 reporting rules. No red flags such as late filing, large disposals, or complex derivative positions appear. Governance stance remains stable, and investors may view the modest purchase as alignment of interest, albeit on a limited scale.

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
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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).

1. Name and Address of Reporting Person^*

COSSE STEVEN A

(Last) (First) (Middle)

C/O SIMMONS FIRST NATIONAL CORP.

501 MAIN STREET

(Street)

PINE BLUFF AR 71601

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SIMMONS FIRST NATIONAL CORP [ SFNC ]

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)
07/23/2025

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
SFNC Common Stock	07/23/2025		P		13,500	A	$18.5(1)	104,120	D

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. Represents shares purchased through a directed share program in connection with the underwritten public offering of SFNC common stock. These shares were purchased at the public offering price of $18.50 per share.

	/s/Natalie Gassiott, attorney-in-fact for Steven A. Cosse	07/24/2025
	** 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.

FAQ

When did Director Susan S. Lanigan buy SFNC shares?

07/23/2025, as reported in the Form 4.

How many Simmons First National (SFNC) shares were purchased?

540 common shares were acquired.

What price did the insider pay per share?

The shares were bought at the public offering price of $18.50.

What is Lanigan’s total SFNC share ownership after the transaction?

She now directly holds 30,793 shares.

What transaction code appears on the Form 4?

The filing lists code "P", denoting an open-market or private purchase.

Were any derivative securities involved in the filing?

No; Table II shows no derivative activity.