CORRELL JESSE T 4

What Happened
Jesse T. Correll (reported as a 10% owner) was reported to have acquired 5,162 shares of UTG, Inc. on March 6, 2026. The filing shows an acquisition price of $0.00, giving a reported transaction value of $0. The reported shares were not an open-market cash purchase but reflect an internal reallocation following a redemption of a member interest in First Southern Funding, LLC.

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-09 (filed within the normal two-business-day reporting window).
• Reported transaction: Code P (purchase) — 5,162 shares acquired at $0.00 (total value reported $0).
• Shares owned after transaction: not specified in the filing.
• Important footnotes:
  • The shares represent 1.06% of the UTG shares owned by First Southern Funding, LLC after that entity redeemed a member owning 1.21% (9.4 units).
  • Correll is President and Manager of First Southern Funding, LLC and disclaims beneficial ownership except to the extent of his pecuniary interest. He also has roles with related entities noted in the filing (see footnotes).
  • No separate purchase price was stated for these shares; the reporting reflects a change in membership interests, not a market buy.

Context
This is an internal reallocation resulting from a member redemption at First Southern Funding, LLC rather than a typical open-market purchase. The filing includes standard disclaimers that Correll disclaims beneficial ownership except to the extent of his pecuniary interest; such transactions often reflect changes in ownership of an entity rather than direct personal cash purchases.