REYNOLDS MARSHALL T 4

What Happened

• Marshall T. Reynolds, reported as a 10% owner of First Guaranty Bancshares, Inc. (FGBI), made an open-market/private purchase of 109,051 shares on April 30, 2026. The shares were acquired at $9.17 per share for a total reported value of $999,998. This transaction was a purchase (a net acquisition), which some investors view as a bullish signal compared with routine insider sales.

Key Details

• Transaction date and price: 2026-04-30 — Purchase of 109,051 shares at $9.17/share.
• Total value: $999,998 (as reported).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest (F1).
• Timeliness: The Form 4 was filed on 2026-05-05. The filing was marked late (transactionTimeliness = 'L'), meaning it was submitted after the usual two-business-day reporting window.

Context

• As a 10% owner, Reynolds is a significant shareholder; his purchases can be informative to investors but do not constitute a recommendation. The disclaimer footnote indicates he limits claimed beneficial ownership to his pecuniary interest. The late filing is a reporting issue to note but does not by itself explain the reason for the purchase.