Copeland R Dallis Jr 4

What Happened
Copeland R. Dallis Jr, President of Colony Bankcorp (CBAN), relinquished 1,500 shares on July 1, 2026 to satisfy tax withholding related to stock vesting. The shares were valued at $20.49 each, for a total of $30,735. This was a tax-withholding disposition (transaction code F), not an open-market sale to take cash gains.

Key Details

• Transaction date and price: July 1, 2026 — 1,500 shares at $20.49 each ($30,735 total).
• Transaction type: Code F — shares relinquished to cover tax liability on vesting.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing date: Form 4 filed July 6, 2026 (the filing lists the report period as 2026-07-01). The filing does not flag a late-file status in the document.
• Footnotes in the filing: F1 confirms these shares were relinquished for tax liability related to vesting; F2 and F3 reference other holdings acquired via dividend reinvestment, salary deferral, and 401(k) company match.

Context
Code F transactions are routine tax-withholding events when restricted stock or option-related shares vest. They typically do not signal a change in an insider’s view of the company because shares are surrendered to cover taxes rather than sold for investment reasons.