Bailey David William 4

What Happened
David William Bailey, CEO and President of First Financial Bankshares, exercised options on 2,500 shares at an exercise price of $21.18 per share (total $52,950) on 2026-02-03. The same day he disposed of 2,500 shares (reported as a derivative disposition) at the same $21.18 price, indicating the exercised shares were sold immediately.

Key Details

• Transaction date: 2026-02-03 (filed 2026-02-04).
• Exercise: 2,500 shares at $21.18 = $52,950 (code M).
• Disposition: 2,500 shares at $21.18 = $52,950 (reported as derivative sale).
• Shares owned after the transaction: not specified in the information provided.
• No footnotes (e.g., 10b5-1 plan or tax withholding) were provided in the summary data supplied.
• Filing appears timely (filed the day after the transaction).

Context
This is an option exercise followed by a same-day sale of the resulting shares — commonly a cashless or sell-to-cover outcome that realizes the option value rather than a long-term buy. Such transactions are routine for executives exercising equity awards and do not by themselves indicate a change in company outlook.