UTG INC (UTGN) 10% Owner Jesse T. Correll Buys 4,808 Shares

What Happened Jesse T. Correll, reported as a 10% owner of UTG Inc and an executive/manager of affiliated entities, purchased 4,808 shares of UTG common stock on 2026-08-18 at $59.00 per share in an open market/private purchase (Form 4 code P), spending $283,672 in total. This was a straight purchase (acquisition), not an option exercise or award.

Key Details

• Transaction date: 2026-08-18; filing date: 2026-08-19 (timely)
• Transaction type/code: Open market or private purchase (P)
• Price per share: $59.00; Shares purchased: 4,808; Total value: $283,672
• Shares owned after transaction: Not reported in the provided summary
• Footnotes:
  • F1–F4 note Correll’s roles (President/Manager of First Southern Funding, managing general partner of WCorrell LP, Chairman/President of First Southern Bancorp, and related entity interests) and state he disclaims beneficial ownership except to the extent of his pecuniary interest.
  • F5 references options granted 9/4/2025 under the 2025 Stock Option Plan (vesting over 5 years); this transaction was not an option exercise.
• Filing timeliness: Filed the next day (timely), no late filing indicated.

Context

• As a reported 10% owner, Correll’s purchases trigger Form 4 disclosure; the footnotes show involvement with affiliated entities and partial disclaimer of beneficial ownership, which is common for owners with interests routed through entities. This was a direct buy rather than an exercise or award—useful to note but not a guarantee of future company performance.