Salazar Tammi R. 4

What Happened Tammi R. Salazar, Senior Executive Vice President and Chief Operating Officer of Red River Bancshares, reported gifting 255 shares of RRBI on March 11, 2026. The reported transaction was a gift (code G) with no cash proceeds (price reported as $0.00). Gifts are disposals for reporting purposes but do not represent a market sale by the insider.

Key Details

• Transaction date: March 11, 2026; filing date: March 13, 2026 (timely filing).
• Transaction type: Gift (SEC code G); reported price: $0.00; 255 shares disposed.
• Shares owned after transaction: not explicitly stated in the filing. Footnotes describe beneficial ownership as: 38,270 shares held in a joint account with spouse Bryon C. Salazar and 4,000 shares held directly by Tammi Salazar (which include unvested restricted shares; see below).
• Notable footnotes: Both the reporting person and the spouse have 2,660 shares of unvested restricted stock subject to forfeiture, with a detailed vesting schedule (portions vesting between Apr 1, 2026 and Apr 1, 2030). Footnote F1 describes Tammi Salazar’s holdings (joint + direct); F2 describes shares held directly by spouse Bryon C. Salazar.
• Filing timeliness: Filed within two business days of the transaction (not marked late).

Context

• Gifts are not purchases and typically do not signal insider confidence or lack thereof in the company’s stock price; they are transfers for estate planning, personal, or charitable reasons and should be interpreted accordingly.
• The filing shows unvested restricted shares in both the insider’s and spouse’s holdings, with vesting through 2030; those shares remain subject to forfeiture per the grant terms.