Third Coast Bancshares (NASDAQ: TCBX) director reports tax share withholding

Rhea-AI Filing Summary

Third Coast Bancshares director and officer Bart Caraway reported a routine tax-related share disposition. On March 15, 2026, 3,023 shares of Common Stock were used at $37.34 per share to satisfy tax obligations, not as an open-market sale. After this Form 4 event, Caraway holds 132,024 shares directly, plus 2,746 shares indirectly by IRA and 4,534 shares indirectly by ESOP, indicating a substantial remaining equity position in the company.

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^*

Caraway Bart

(Last) (First) (Middle)

20202 HIGHWAY 59 NORTH, SUITE 190

(Street)

HUMBLE TX 77338

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Third Coast Bancshares, Inc. [ TCBX ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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	03/15/2026		F		3,023	D	$37.34	132,024	D
Common Stock								2,746	I	By IRA
Common Stock								4,534	I	By ESOP

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:

Remarks:

Chairman, President and Chief Executive Officer

	/s/ R. John McWhorter, attorney-in-fact	03/16/2026
	** 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

What insider transaction did TCBX director Bart Caraway report on this Form 4?

Bart Caraway reported a tax-related share disposition, using 3,023 shares of Third Coast Bancshares common stock at $37.34 per share to cover tax obligations. This was recorded under transaction code F, indicating payment of tax liability by delivering securities.

Was Bart Caraway’s TCBX Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Code F indicates shares were delivered to satisfy tax liabilities, so it reflects a compensation-related withholding rather than a discretionary sale into the market.

How many Third Coast Bancshares shares did Bart Caraway use for tax withholding?

Caraway used 3,023 shares of Third Coast Bancshares common stock for tax withholding. The filing reports a price of $37.34 per share for this disposition, consistent with shares being surrendered to cover tax obligations rather than sold on the open market.

How many TCBX shares does Bart Caraway hold after this tax-withholding transaction?

Following the reported transaction, Caraway directly holds 132,024 shares of Third Coast Bancshares. The Form 4 also shows indirect holdings of 2,746 shares held by an IRA and 4,534 shares held by an ESOP, demonstrating continued significant ownership.

What types of ownership positions does Bart Caraway have in Third Coast Bancshares?

Caraway’s holdings include direct ownership of 132,024 common shares and indirect ownership through two accounts: 2,746 shares held by an IRA and 4,534 shares held by an ESOP. These indirect positions are reflected as separate entries with indirect ownership codes.

Does the TCBX Form 4 indicate any option exercises or derivative transactions?

No, the summarized data show no derivative exercises or option-related transactions. The filing lists one non-derivative tax-withholding disposition in common stock and two holding entries for indirect ownership, with derivative transaction counts reported as zero.