UTG Inc-linked entity buys 4,850 shares

UTG Inc board member and Chairman & CEO Jesse T. Correll reported updated holdings, including an indirect open-market purchase of 4,850 shares of common stock at $54.96 per share on May 18, 2026 by First Southern Funding, LLC.

Accepted by SEC EDGAR 05/20/2026 - 03:25 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

UTG Inc board member and Chairman & CEO Jesse T. Correll reported updated holdings, including an indirect open-market purchase of 4,850 shares of common stock at $54.96 per share on May 18, 2026 by First Southern Funding, LLC.

Following this transaction, First Southern Funding, LLC holds 491,807 UTG Inc common shares indirectly linked to Correll, who is its President and Manager and disclaims beneficial ownership beyond his pecuniary interest. Other reported indirect holdings include shares held through First Southern Holdings, LLC, First Southern Bancorp, Inc., and WCorrell, Limited Partnership, plus 81,562 shares held directly.

The filing also shows 15,000 stock options with an exercise price of $48.40 per share, granted on September 4, 2025 under the 2025 Stock Option Plan. These options vest in five equal annual installments and expire on September 4, 2030, indicating a continuing long-term equity incentive position.

Insider Trade Summary

Net Buyer: 4,850 shares

Net Buy 1 txn

Insider CORRELL JESSE T

Role Chairman & CEO

Bought 4,850 shs ($267K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	4,850	$54.96	$267K
Holding	Stock Options	--	--	--
Holding	Common Stock	--	--	--
Holding	Common Stock	--	--	--
Holding	Common Stock	--	--	--
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 491,807 shares (Indirect, By First Southern Funding, LLC); Stock Options — 15,000 contracts (Direct); Common Stock — 81,562 shares (Direct); Common Stock — 72,750 shares (Indirect, By WCorrell, Limited Partnership); Common Stock — 204,909 shares (Indirect, By First Southern Bancorp, Inc.); Common Stock — 1,201,876 shares (Indirect, By First Southern Holdings, LLC.)

Footnotes (5)

1. F1. The reporting person is President and Manager of First Southern Funding, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
2. F2. The reporting person is the managing general partner of WCorrell, Limited Partnership. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
3. F3. The reporting person is Chairman and President of First Southern Bancorp, Inc. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
4. F4. The reporting person is the President and First Southern Bancorp, Inc. is a 99% member of First Southern Holdings, LLC. See note (3). The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
5. F5. These options were granted on September 4, 2025, pursuant to the terms of a stock option agreement under the 2025 Stock Option Plan. The options vest in 5 equal installments on each of the first five anniversaries of the date of grant, subject to the Reporting Person's continuing service through each such date.

Key Figures

Open-market purchase: 4,850 shares Purchase price: $54.96/share Indirect holdings via First Southern Funding, LLC: 491,807 shares +4 more

7 metrics

Open-market purchase 4,850 shares Common Stock bought May 18, 2026

Purchase price $54.96/share Price for 4,850-share open-market buy

Indirect holdings via First Southern Funding, LLC 491,807 shares Total common shares after transaction

Direct common share holdings 81,562 shares Shares held directly by Correll

Stock options held 15,000 options Options on common stock under 2025 Stock Option Plan

Option exercise price $48.40/share Exercise price for 15,000 options

Option expiration September 4, 2030 Expiration date of 15,000 options

Key Terms

open-market purchase, pecuniary interest, Stock Option Plan, vest in 5 equal installments, +1 more

5 terms

open-market purchase financial

"Purchase in open market or private transaction"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

pecuniary interest financial

"disclaims beneficial ownership... except to the extent of his pecuniary interest"

Stock Option Plan financial

"pursuant to the terms of a stock option agreement under the 2025 Stock Option Plan"

A stock option plan is a company program that gives employees the right to buy company shares at a preset price after a certain time, like a coupon allowing purchase later at a fixed rate. It matters to investors because these options can increase the number of shares outstanding — reducing each existing share’s ownership slice and potentially changing per-share results — while also aligning employee incentives with boosting the company’s value.

vest in 5 equal installments financial

"options vest in 5 equal installments on each of the first five anniversaries"

indirect ownership financial

"ownership_type": "indirect""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did UTGN report for Jesse T. Correll?

UTG Inc reported an indirect open-market purchase of 4,850 common shares at $54.96 per share on May 18, 2026 by First Southern Funding, LLC, an entity associated with Chairman & CEO Jesse T. Correll.

How many UTGN shares does First Southern Funding, LLC hold after this transaction?

After the reported purchase, First Southern Funding, LLC holds 491,807 UTG Inc common shares. Jesse T. Correll is President and Manager of this LLC and disclaims beneficial ownership except to the extent of his pecuniary interest.

What are Jesse T. Correll’s other reported UTGN share holdings?

The filing lists indirect holdings through First Southern Holdings, LLC, First Southern Bancorp, Inc., and WCorrell, Limited Partnership, plus 81,562 common shares held directly in Correll’s name, reflecting multiple ownership channels.

What stock options for UTGN does Jesse T. Correll hold?

Correll holds 15,000 stock options on UTG Inc common stock with a $48.40 exercise price, granted on September 4, 2025. These options vest in five equal annual installments and expire on September 4, 2030.

Does Jesse T. Correll claim full beneficial ownership of the UTGN shares held by related entities?

No. For entities including First Southern Funding, LLC and WCorrell, Limited Partnership, Correll disclaims beneficial ownership of the reported UTG Inc securities except to the extent of his pecuniary interest in those entities.

Is the reported UTGN transaction an open-market purchase or another type of trade?

The Form 4 identifies the 4,850-share transaction as an open-market purchase, coded “P.” This indicates shares were bought on the market or in a private transaction at $54.96 per share.

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

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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^*

CORRELL JESSE T

(Last) (First) (Middle)

PO BOX 328

(Street)

STANFORD KENTUCKY 40484

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UTG INC [ UTGN ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

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								81,562	D
Common Stock	05/18/2026		P		4,850	A	$54.96	491,807	I	By First Southern Funding, LLC(1)
Common Stock								72,750	I	By WCorrell, Limited Partnership(2)
Common Stock								204,909	I	By First Southern Bancorp, Inc.(3)
Common Stock								1,201,876	I	By First Southern Holdings, LLC.(4)

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 Options	$48.4							(5)	09/04/2030	Common Stock	15,000		15,000	D

Explanation of Responses:

1. The reporting person is President and Manager of First Southern Funding, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

2. The reporting person is the managing general partner of WCorrell, Limited Partnership. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

3. The reporting person is Chairman and President of First Southern Bancorp, Inc. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

4. The reporting person is the President and First Southern Bancorp, Inc. is a 99% member of First Southern Holdings, LLC. See note (3). The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

5. These options were granted on September 4, 2025, pursuant to the terms of a stock option agreement under the 2025 Stock Option Plan. The options vest in 5 equal installments on each of the first five anniversaries of the date of grant, subject to the Reporting Person's continuing service through each such date.

	/s/ Jill Martin, Attorney-in-Fact	05/20/2026
	** 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)