Stilwell Value LLC 4

What Happened
Joseph Stilwell — reported as a 10% owner through affiliated investment vehicles — acquired a total of 37,200 shares of Peoples Financial Corp (PFBX) in two open-market purchases on February 3, 2026. The transactions were: 32,700 shares at $20.50 each ($670,350) and 4,500 shares at $20.60 each ($92,720), for a combined cost of $763,070. These were purchases (transaction code P), i.e., additions to holdings rather than sales.

Key Details

• Transaction date: 2026-02-03 (filed on 2026-02-04).
• Trades: 32,700 shares @ $20.50 ($670,350) and 4,500 shares @ $20.60 ($92,720); total 37,200 shares for $763,070.
• Transaction type/code: P = Purchase (open market or private purchase).
• Shares owned after transaction: filing excerpt does not list specific post-transaction share totals; the filing notes the reporting persons are part of a Section 13(d) group that beneficially owns more than 10% of common stock.
• Footnotes: Shares are held directly by Stilwell-affiliated funds (Stilwell Activist Fund, L.P.; Stilwell Value Partners VII, L.P.; Stilwell Activist Investments, L.P.). Joseph Stilwell is the managing member/owner of the general partner (Stilwell Value LLC) and disclaims beneficial ownership except to the extent of his pecuniary interest.
• Timeliness: Report filed one day after the transactions (period of report 2026-02-03; filed 2026-02-04); no late filing indicated.

Context
These purchases were made by Stilwell-linked investment vehicles (not a simple executive sale or option exercise) and represent additional accumulation by a >10% owner and activist investor group. Insider purchases can be a useful data point for retail investors, but should be considered alongside company fundamentals and other information.