Third Coast Bancshares (TCBX) director awarded 3,600 stock options at $37.91

Rhea-AI Filing Summary

Third Coast Bancshares director granted stock options

Director David R. Phelps received a grant of stock options covering 3,600 shares of Third Coast Bancshares, Inc. common stock. The options have an exercise price of $37.91 per share, become exercisable on March 16, 2027, and expire on March 16, 2036.

This is a compensation-related award rather than an open-market purchase. Following this grant, Phelps holds stock options for 3,600 underlying shares directly.

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
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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^*

Phelps David R

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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

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
Stock Option (right to buy)	$37.91	03/16/2026		A		3,600		03/16/2027	03/16/2036	Common Stock	3,600	$0	3,600	D

Explanation of Responses:

	/s/ R. John McWhorter, attorney-in-fact	03/17/2026
	** 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 did Third Coast Bancshares (TCBX) director David R. Phelps report on this Form 4?

David R. Phelps reported receiving a grant of stock options for 3,600 shares of Third Coast Bancshares common stock. This is a compensation-related award and not an open-market stock purchase or sale.

What are the key terms of David R. Phelps’s new TCBX stock options?

The options cover 3,600 shares of Third Coast Bancshares common stock at an exercise price of $37.91 per share. They become exercisable on March 16, 2027, and expire on March 16, 2036, if not exercised.

Does this Third Coast Bancshares Form 4 show a stock purchase or sale by the director?

No, the filing shows a grant of stock options, not an open-market stock purchase or sale. The transaction is coded as an award acquisition, reflecting equity-based compensation rather than trading activity in existing shares.

How many Third Coast Bancshares shares are covered by David R. Phelps’s options after this grant?

After this grant, David R. Phelps holds stock options covering 3,600 underlying shares of Third Coast Bancshares common stock. The filing shows these options as directly owned and does not list additional derivative positions.

When can the newly granted TCBX stock options be exercised by David R. Phelps?

The options become exercisable on March 16, 2027, according to the filing. After that date, Phelps may choose to buy shares at the fixed $37.91 exercise price any time before the March 16, 2036 expiration.