Director Troy Glander trims stake in Third Coast Bancshares (TCBX) with 2,500-share sale

Rhea-AI Filing Summary

Third Coast Bancshares director Troy Andrew Glander reported an open-market sale of 2,500 shares of Common Stock at a weighted average price of $40.2912 per share. After these transactions, he directly holds 27,651 shares. The sale reflects multiple same‑day trades aggregated at the average price.

Insights

Equity governance analyst

Director sold a small portion of his Third Coast Bancshares holdings in routine open-market trades.

Troy Andrew Glander, a director of Third Coast Bancshares, Inc., executed open-market sales totaling 2,500 shares of Common Stock at a weighted average price of $40.2912 per share. The filing shows these were standard market transactions coded as an "S" sale.

The footnote explains the order was filled in multiple same-day, same-way trades between $39.84 and $40.54 per share, then reported in aggregate using the weighted average price. This is common practice for complying with reporting requirements when a broker executes several partial fills.

Following the sale, Glander directly holds 27,651 shares, so the disposition represents only a fraction of his reported stake. No derivative positions or trading plans are referenced in the excerpt, and there is no indication of tax withholding or restructurings, suggesting a routine liquidity transaction.

Insider Trade Summary

Net Seller: 2,500 shares

Net Sell 1 txn

Insider Glander Troy Andrew

Role Director

Sold 2,500 shs ($101K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,500	$40.2912	$101K

Holdings After Transaction: Common Stock — 27,651 shares (Direct)

Footnotes (1)

1. F1. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $39.84 to $40.54 per share, inclusive. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

Key Figures

Shares sold: 2,500 shares Weighted average sale price: $40.2912 per share Post-transaction holdings: 27,651 shares +1 more

4 metrics

Shares sold 2,500 shares Open-market sale of Common Stock

Weighted average sale price $40.2912 per share Aggregate price for same-day trades

Post-transaction holdings 27,651 shares Common Stock held directly after sale

Trade price range $39.84–$40.54 per share Prices of individual same-day trades

Key Terms

open market sale, weighted average price, broker-dealer, Common Stock

4 terms

open market sale financial

"Sale in open market or private transaction"

An open market sale is when a company or a shareholder sells shares through the regular stock market to any willing buyer, using ordinary exchange trading rather than private deals. It matters to investors because it increases the number of shares available and can push the price down or change ownership balance—think of it like someone putting extra items on a supermarket shelf for any shopper to buy, which can lower the item's price if supply suddenly grows.

weighted average price financial

"reported these sales on an aggregate basis using the weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

broker-dealer financial

"executed a trade order through a broker-dealer which resulted in multiple same day"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

Common Stock financial

"Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/16/2026 - 04:31 PM Accepted by SEC EDGAR 06/16/2026 - 04:30 PM Learn about SEC filing dates

FAQ

What did Troy Andrew Glander report in this Form 4 for Third Coast Bancshares (TCBX)?

He reported selling 2,500 shares of Third Coast Bancshares Common Stock in an open-market transaction. The weighted average sale price was $40.2912 per share, based on multiple trades executed through a broker-dealer on the same day.

At what prices were the Third Coast Bancshares (TCBX) shares sold in Glander’s transaction?

The shares were sold in multiple trades ranging from $39.84 to $40.54 per share. These same-day trades were aggregated and reported using a weighted average sale price of $40.2912 per share in the Form 4 filing.

How many Third Coast Bancshares (TCBX) shares does Troy Andrew Glander own after this Form 4 sale?

After selling 2,500 shares, Troy Andrew Glander directly holds 27,651 shares of Third Coast Bancshares Common Stock. This shows he retains a significant position even after the reported open-market disposition.

Was Troy Andrew Glander’s Third Coast Bancshares (TCBX) sale a market transaction?

Yes. The Form 4 identifies the transaction as an open-market sale coded “S.” A broker-dealer executed multiple same-day trades, which were combined and disclosed using a single weighted average sale price.

Does the Form 4 for Third Coast Bancshares (TCBX) mention any derivative securities for Troy Andrew Glander?

No derivative securities are listed in the provided Form 4 data. The filing only reports a non-derivative transaction in Common Stock and shows no remaining derivative positions in the derivative summary section.

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^*

Glander Troy Andrew

(Last) (First) (Middle)

20202 HIGHWAY 59 NORTH, SUITE 190

(Street)

HUMBLE TEXAS 77338

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/15/2026		S		2,500	D	$40.2912(1)	27,651	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. The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $39.84 to $40.54 per share, inclusive. The reporting person has reported these sales on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

	/s/ R. John McWhorter, attorney-in-fact	06/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)