Stilwell Value LLC 4

What Happened Joseph Stilwell, reported as a 10% owner of Peoples Financial Corp. (PFBX), purchased 3,822 shares in an open-market/private purchase (reporting code P) on February 4, 2026. The shares were acquired at $20.56 per share for a total reported value of $78,578. This transaction was a purchase (a net buy), which investors often view as a more informative/positive signal than routine sales.

Key Details

• Transaction date and price: 2026-02-04, 3,822 shares at $20.56 each (total $78,578).
• Filing date: 2026-02-05 (filed promptly the next day; appears timely under Form 4 rules).
• Shares owned after transaction: Not specified in the summary data provided (filing did not state a post-transaction total here).
• Footnotes: The filing indicates these and related holdings are owned directly or indirectly by entities controlled by Joseph Stilwell — Stilwell Activist Fund, L.P.; Stilwell Value Partners VII, L.P.; and Stilwell Activist Investments, L.P. Stilwell disclaims beneficial ownership of shares held indirectly except to the extent of his pecuniary interest (F1–F3).
• Group filing: The reporting persons are filing jointly as members of a Section 13(d) group that beneficially owns more than 10% of the issuer’s common stock.

Context

• This was a straightforward purchase (code P); no options, awards, or tax-withholding events were reported.
• As a 10% owner and manager of investment vehicles, Stilwell’s trades reflect institutional/activist ownership structures rather than routine executive compensation sales. Purchases by large shareholders can be seen as a vote of confidence in the stock, but this report is factual and does not imply motive.