[Form 4] Simmons First National Corp Insider Trading Activity

Rhea-AI Filing Summary

Form 4 Overview – Simmons First National Corp. (SFNC)

On July 1, 2025, director Steven A. Cosse reported the routine conversion of 929 Restricted Stock Units (RSUs) into an equal number of SFNC common shares, coded “M” for derivative conversion. The RSUs vested the same day and were delivered at no cash cost to the insider.

Post-transaction ownership

• Common shares held directly: 90,620
• Outstanding RSUs (still un-converted): 1,857

Future vesting schedule

• 929 RSUs vest on Oct 1 2025
• 928 RSUs vest on Jan 2 2026

The filing reflects continued equity alignment by a non-executive board member; however, the transaction size is modest relative to SFNC’s public float and represents standard incentive-plan activity rather than an open-market purchase or sale.

Positive

• Director increased direct share ownership by 929 shares, reinforcing long-term equity alignment with shareholders.

Negative

• None.

Insights

Financial Analyst

TL;DR – Routine RSU conversion; negligible market impact.

The director’s acquisition was generated by scheduled RSU vesting, not discretionary buying. Although it marginally increases insider ownership, the 929-share addition is immaterial versus SFNC’s total shares outstanding. With no open-market purchase price and no disposition, the filing signals status-quo insider confidence rather than a directional call on valuation. Overall impact to valuation, liquidity, or governance risk is neutral.

Corporate Governance Specialist

TL;DR – Confirms alignment, but routine incentive plan event.

RSU conversions tie director compensation to shareholder value, supporting best-practice governance. Yet the event follows the long-standing equity plan and does not alter board composition, voting power, or control dynamics. With 1,857 RSUs still outstanding, future filings of similar size are expected. No red flags arise, but neither does a positive governance catalyst.

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^*

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)
07/01/2025

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	07/01/2025		M		929	A	(1)	90,620	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
Restricted Stock Units	(1)	07/01/2025		M			929	(2)	(2)	SFNC Common Stock	929	$0	1,857(3)	D

Explanation of Responses:

1. Restricted Stock Units convert into shares of SFNC common stock on a one-for-one basis.

2. The Restricted Stock Units vested on July 1, 2025.

3. 929 Restricted Stock Units vest on October 1, 2025; and 928 Restricted Stock Units vest on January 2, 2026. SFNC shares will be delivered within 30 days of vesting. Events such as retirement, death, disability, and other specified events in the award agreement may result in earlier vesting.

	/s/Natalie Gassiott, attorney-in-fact for Steven A. Cosse	07/03/2025
	** 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

How many SFNC shares did Director Steven A. Cosse acquire on July 1, 2025?

He acquired 929 common shares through the conversion of RSUs.

What is Steven A. Cosse’s total direct ownership in SFNC after the transaction?

His direct holdings increased to 90,620 shares.

Were any SFNC shares sold in this Form 4 filing?

No. The filing reports an acquisition via RSU conversion; no sales were disclosed.

When will the remaining RSUs held by the director vest?

An additional 929 RSUs vest on Oct 1 2025 and 928 RSUs vest on Jan 2 2026.

Does this filing indicate insider bullishness on SFNC stock?

The conversion is routine and automatic; it should not be interpreted as a discretionary bullish trade.