UTG (UTGN) 10% Owner Jesse Correll Buys 1,000 Shares

What Happened
Jesse T. Correll, listed as a 10% owner, reported an open-market/private purchase of 1,000 shares of UTG Inc. on August 27, 2026, at $59.75 per share for a total of $59,750. This transaction is coded as a purchase (P) on the Form 4.

Key Details

• Transaction date: 2026-08-27; filing date (accession): 2026-08-28. No late filing noted.
• Price and size: 1,000 shares at $59.75 each; total consideration ≈ $59,750.
• Shares owned after transaction: Not specified in the filing.
• Transaction type: P = open market or private purchase.
• Relevant footnotes:
  • F1–F4: Correll holds officer/manager roles in related entities (First Southern Funding, WCorrell LP, First Southern Bancorp, First Southern Holdings) and disclaims beneficial ownership of reported securities except to the extent of his pecuniary interest.
  • F5: Separately notes stock options granted Sept 4, 2025 with a five‑year vesting schedule (not part of this purchase).

Context

• As a reported 10% owner, Correll is a significant stakeholder; purchases by large owners can attract investor attention but do not by themselves explain motivation.
• This was a direct purchase (not an option exercise, award, or gift).