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Filing Details

Accession Number:: 0001437749-25-021961
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-07-02 16:10:47
Reporting Period:: 2025-06-30

Filing Date:: 2025-07-02
Accepted Time:: 2025-07-02 16:10:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1408534	First Guaranty Bancshares Inc.	FGBI	Savings Institution, Federally Chartered (6035)	260513559

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1409022	Iii R. Edgar Smith	400 East Thomas Street Hammond LA 70401		Yes	No	No	No

Transaction Summary

Purchased:	30,865 shares	Avg. Price: $8.10	Total Value: $250,006.50
Number of Shares After Transactions:	186,942 shares

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2025-06-30	30,865	$8.10	870,961	No	4	P	Direct
Common Stock	Acquisiton	2025-06-30	1,981,506	$7.57	2,852,467	No	4	A	Direct
Common Stock	Acquisiton	2025-06-30	88,482	$8.00	186,942	No	4	A	Indirect	By: Smith & Tate Investments, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	A	Direct
No	4	A	Indirect	By: Smith & Tate Investments, LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	19,407	Indirect	By: MACSMITH LLC
Common Stock	340,637	Indirect	By: Smith & Hood Investment, LLC
Common Stock	340,344	Indirect	By: Big 4 Investments, LLC
Common Stock	17,063	Indirect	By: Smith-Hoover Holdings, L.L.C.
Common Stock	1,062,817	Indirect	By Smith & Hood Holding Company, LLC

Footnotes

The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
The 1,981,506 shares of common stock of the issuer were issued to the reporting person pursuant to the terms of the Exchange Agreement, dated as of June 16, 2025, by and between First Guaranty Bancshares, Inc. and Edgar Ray Smith, III (the "Exchange Agreement"). The Exchange Agreement provides for the issuance of 1,981,506 shares of common stock of the issuer at a price of $7.57 per share in exchange for that certain Floating Rate Subordinated Note due June 21, 2032, in the principal amount of $15,000,000. The Exchange Agreement was filed as Exhibit 10.1 to the Form 8-K filed by First Guaranty Bancshares, Inc. with the SEC on June 18, 2025.
The 88,482 shares of common stock of the issuer were issued to the reporting person pursuant to the terms of the First Amendment to the Promissory Note, dated as of June 4, 2025, by and between First Guaranty Bancshares, Inc. and Smith & Tate Investment, L.L.C. (the "Promissory Note Amendment") and the First Amendment to the First Guaranty Bancshares, Inc. Floating Rate Subordinated Note due March 28, 2034, dated as of June 4, 2025, by and between First Guaranty Bancshares, Inc. and Smith & Tate Investment, L.L.C. (the "Subordinated Note Amendment"). The Promissory Note Amendment and the Subordinated Note Amendment were filed as Exhibit 10.1 and Exhibit 10.2 to the Form 8-K filed by First Guaranty Bancshares, Inc. with the SEC on June 9, 2025.