Bagwell Lee 4

What Happened
Lee Bagwell, Executive Vice President of Colony Bankcorp (CBAN), disposed of 761 shares on 2026-07-01 at $20.49 per share, a total value of approximately $15,593. The filing shows this was a tax-withholding transaction (code F) related to stock vesting rather than an open-market sale.

Key Details

• Transaction date and price: 2026-07-01, 761 shares at $20.49 each.
• Total value of shares surrendered: ≈ $15,593.
• Shares owned after transaction: not specified in this filing.
• Footnote F1: shares were relinquished to cover tax liability from vesting.
• Additional footnotes (F2, F3) note other holding sources (reinvested dividends, salary deferral, 401k match).
• Filing date: 2026-07-06 — filed three business days after the transaction, which appears to be later than the typical two-business-day Form 4 filing deadline.

Context
This was a routine tax-withholding disposal tied to equity vesting (cashless share surrender), not an active sell order in the market; such actions are common and don't necessarily indicate insider sentiment about the stock. Retail investors typically view purchases or open-market sales as more informative than tax-related share surrenders.