FGBI Director Robert W. Walker Buys 3,601 Depositary Shares

What Happened

• Robert W. Walker, a director of First Guaranty Bancshares, Inc. (FGBI), made two open-market purchases of the issuer's depository shares (transaction code P). He bought 8 shares at $18.95 on Aug 18, 2026 (≈ $152) and 3,593 shares at $19.12 on Aug 19, 2026 (≈ $68,698), for a total of 3,601 depository shares costing about $68,850. These were purchases (not sales), which are simply insider buys reported to the SEC.

Key Details

• Transaction dates and prices:
  • 2026-08-18: 8 depository shares @ $18.95 (≈ $152)
  • 2026-08-19: 3,593 depository shares @ $19.12 (≈ $68,698)
• Transaction type: Open-market purchases (SEC Form 4 code P).
• Total purchased: 3,601 depository shares for roughly $68,850.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Filing timeliness: Form 4 was filed Aug 20, 2026 covering trades on Aug 18–19; there is no indication in the filing that it was late.
• Footnote (F1): Each depository share represents a 1/40th interest in a single 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Share (par $1,000, liquidation preference $1,000). That makes each depository share economically equivalent to $25.00 of preferred stock.

Context

• These are purchases of depository shares tied to a series of preferred stock (not common stock). Purchases by insiders are factual signals of buying activity but do not by themselves explain motivation. No options, awards, gifts, or tax-withholding events were reported in this filing.