CORRELL JESSE T 4

What Happened Jesse T. Correll, a 10% owner (with additional roles disclosed in footnotes), reported an open-market/private purchase of 4,850 UTG Inc. (UTGN) shares on May 18, 2026. The shares were acquired at $54.96 per share for a total reported outlay of $266,556. This was an acquisition (purchase) rather than a sale.

Key Details

• Transaction date: 2026-05-18; Report filed: 2026-05-20 (timely filing).
• Transaction type/code: Open market or private purchase (P).
• Shares purchased: 4,850 at $54.96 each; total value ≈ $266,556.
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes: Correll is identified as President/Manager of First Southern Funding, managing general partner of WCorrell LP, and Chairman/President of First Southern Bancorp, Inc.; he disclaims beneficial ownership except to the extent of his pecuniary interest (footnotes F1–F4). Footnote F5 references previously granted options (Sept 4, 2025) that vest over five years.
• Filing timeliness: Filed within the Form 4 deadline (not marked late).

Context Purchases by sizable insiders (a 10% owner in this case) can be viewed as a positive signal by some investors since they increase the insider's economic stake, but filings are factual disclosures and do not explain motivation. The filing includes multiple role-based disclaimers of beneficial ownership; treat those as legal clarifications of ownership structure rather than statements about trading intent.