Basaldua Martin 4

What Happened Basaldua Martin, a director of Third Coast Bancshares, Inc. (TCBX), was granted 1,318 shares of restricted common stock on May 21, 2026. The filing shows an acquisition price of $0.00 for the award (transaction code A). These are restricted shares rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Filing date: 2026-05-26 (filed 5 days after the transaction).
• Shares granted: 1,318 restricted common shares; acquisition price reported as $0.00 (award).
• Vesting: Footnote F1 — the shares vest on the anniversary of the grant date, subject to the award terms (not immediately transferable).
• Ownership disclosure: Filing notes (F2) that 18,124 shares were received previously as a distribution from Pinnacle Executive Services, LLC; prior reports had shown 36,248 shares held by Pinnacle. The filing does not state total shares owned after this grant.
• Timeliness: The Form 4 was filed 5 days after the transaction, which is later than the typical 2-business-day deadline for Section 16 reporting.

Context This was an equity award (restricted stock) rather than an open-market buy or sale; such grants are common as compensation or retention and generally vest over time, so they do not necessarily signal immediate buying pressure. The late filing is noted for transparency but the transaction itself is a routine director equity grant.