Peacock Christopher Seay 4

What Happened
Christopher Seay, Executive Vice President and Chief Retail Officer of Third Coast Bancshares (TCBX), had 75 shares disposed to satisfy a tax or exercise obligation on Feb 2, 2026. The shares were valued at $40.59 each for a total of $3,044. This was a tax-withholding/settlement disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-02; Filing date: 2026-02-11 (appears to be filed late relative to the typical 2-business-day Form 4 rule).
• Price per share: $40.59; Shares disposed: 75; Total value: $3,044.
• Transaction code: F (payment of exercise price or tax liability — typically shares withheld to cover taxes).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• No indication this was an open-market sale or a 10% owner transaction.

Context
Code F usually means shares were surrendered or withheld to cover tax withholding or to pay an exercise price after an option exercise or restricted stock vesting. This is a routine administrative transaction and does not necessarily signal a deliberate liquidity-driven sale by the insider. The late filing may be a reporting compliance issue but does not change the economic nature of the transaction.