COSSE STEVEN A 4

What Happened

• Steven A. Cosse, a director of Simmons First National Corp. (SFNC), had 975 restricted stock units (RSUs) vest and convert into 975 shares on July 1, 2026. The Form 4 lists an acquisition of 975 shares via conversion (derivative code M) and a matching disposition of 975 shares at $0.00 (derivative).

Key Details

• Transaction date: July 1, 2026 (Form 4 filed July 2, 2026).
• Transactions reported: 975 shares acquired on conversion (M); 975 shares disposed at $0.00 (M).
• Price/Value: Acquisition listed as N/A; disposition shows $0.00 (no cash proceeds reported).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: RSUs convert one-for-one into SFNC common shares.
  • F2: The RSUs that converted vested on July 1, 2026.
  • F3: Additional tranches: 975 RSUs vest on Oct 1, 2026; 976 RSUs vest on Jan 4, 2027; shares to be delivered within 30 days of each vesting.
• Timeliness: Filing appears timely (transaction date 7/1/2026; Form 4 filed 7/2/2026).

Context

• The reporting code M denotes exercise or conversion of a derivative — here, RSUs converting into common shares. The disposition showing $0.00 indicates no cash proceeds were reported; the filing does not specify the reason (for example, tax withholding or net settlement), and there is no evidence in this filing of an open-market sale. This is a routine RSU vesting/settlement event rather than an outright purchase or voluntary sale.