Simmons First (SFNC) Insider Adds Shares During Equity Raise

Rhea-AI Filing Summary

Form 4 filing for Simmons First National Corp. (SFNC) discloses that director Russell William Teubner bought 4,050 common shares on 07/23/2025 at the underwritten offering price of $18.50, an out-of-pocket investment of roughly $74.9 k. The purchase was executed through the issuer’s directed share program tied to the recent public offering.

After the transaction Teubner directly owns 25,576 shares. He also retains 44,020 shares in a SEP-IRA and 10,660 shares in an IRA, bringing his total reported beneficial interest to ~80.3 k shares.

The footnote states that since his prior filing he transferred 9,892 shares from an IRA to an ex-spouse under a domestic relations order; those shares are no longer reported as beneficially owned.

Positive

• Director purchased 4,050 shares at the public offering price, demonstrating personal commitment during capital raise.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small insider buy amid equity offering signals confidence but is immaterial to valuation; impact neutral-slightly positive.

The director’s $75 k purchase at the offering price aligns his interests with investors participating in SFNC’s latest capital raise. While insider buying often carries a positive signal, the size—4,050 shares—represents a negligible fraction of SFNC’s ~126 m shares outstanding, limiting market impact. The domestic-relations share transfer is personal and non-economic. Overall, the filing marginally strengthens governance optics but does not change the investment thesis.

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).

1. Name and Address of Reporting Person^*

TEUBNER RUSSELL WILLIAM

(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		4,050	A	$18.5(1)	25,576	D
SFNC Common Stock								44,020	I	By SEP-IRA
SFNC Common Stock								10,660	I	By 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. 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.

Remarks:

Since the date of the reporting person's last ownership report, he transferred 9,892 shares of SFNC common stock from one of his IRAs (representing all of the shares of SFNC common stock in that IRA) to his ex-spouse pursuant to a domestic relations order. As a result, the reporting person no longer reports holdings in that IRA, and the reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.

	/s/ Natalie Gassiott, attorney-in-fact for Russell William Teubner	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

How many SFNC shares did Director Russell William Teubner buy?

He purchased 4,050 common shares on 07/23/2025.

At what price were the shares acquired?

All shares were bought at the public offering price of $18.50 per share.

What is Teubner’s total beneficial ownership after the transaction?

He now reports approximately 80,256 shares (25,576 direct, 54,680 indirect).

Why did Teubner’s reported holdings decline in one IRA?

He transferred 9,892 shares to his ex-spouse under a domestic relations order, so those shares are no longer reported.

Does this Form 4 indicate any derivatives or option activity?

No. Table II shows no derivative securities acquired or disposed of.