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[Form 4] Simmons First National Corp Insider Trading Activity

Filing Impact
(Very High)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Insider purchase: On 07/23/2025, Simmons First National Corp. (SFNC) Chairman & CEO George Makris Jr. bought a total of 45,625 SFNC common shares at the public-offering price of $18.50 through a directed share program connected to the company’s underwritten equity offering.

  • Direct account: 17,550 shares acquired; direct holdings rise to 651,703 shares.
  • Indirect accounts: 28,075 shares split among a trust, two IRAs, and a spouse’s IRA, lifting aggregate indirect ownership to 70,335 shares.
  • Total cost: ≈ $844 thousand.

Following the transactions, Makris beneficially owns ≈ 722,038 shares across all accounts. No derivative security activity was reported. Large open-market insider purchases by the CEO typically signal confidence in the company’s valuation and future prospects, especially when made alongside a public offering.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: CEO buys $844k of stock during offering—confidence signal.

The chief executive increased his stake by 45.6 k shares at the offer price, bringing total ownership to ~722 k shares. Buying into a follow-on offering, rather than merely exercising options, requires fresh cash outlay and is usually viewed as a bullish indicator. The scale (~$0.8 m) is meaningful relative to typical insider activity at SFNC and suggests management perceives the $18.50 pricing as attractive. There are no sales or derivative disposals, which further underscores the positive tone. While one insider trade does not guarantee performance, history shows clustered leadership purchases often precede improved returns in regional banks.

Insider MAKRIS GEORGE JR
Role Chairman & CEO
Bought 45,625 shs ($844K)
Type Security Shares Price Value
Purchase SFNC Common Stock 17,550 $18.50 $325K
Purchase SFNC Common Stock 17,550 $18.50 $325K
Purchase SFNC Common Stock 2,425 $18.50 $45K
Purchase SFNC Common Stock 2,700 $18.50 $50K
Purchase SFNC Common Stock 5,400 $18.50 $100K
Holdings After Transaction: SFNC Common Stock — 651,703 shares (Direct); SFNC Common Stock — 29,550 shares (Indirect, By 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).
1. Name and Address of Reporting Person*
MAKRIS GEORGE JR
(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
X Officer (give title below) Other (specify below)
Chairman & CEO
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 17,550 A $18.5(1) 651,703 D
SFNC Common Stock 07/23/2025 P 17,550 A $18.5(1) 29,550 I By Trust
SFNC Common Stock 07/23/2025 P 2,425 A $18.5(1) 11,695 I By IRA
SFNC Common Stock 07/23/2025 P 2,700 A $18.5(1) 13,690 I By IRA (Spouse)
SFNC Common Stock 07/23/2025 P 5,400 A $18.5(1) 15,400 I By Trust
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 George Makris Jr. 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.

Source: View Original Filing on SEC EDGAR