Officer Salazar Bryon C. sold $29,094 worth of shares (576 units at $50.51) (SEC Form 4)
$RRBI
Hotels/Resorts
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
RED RIVER BANCSHARES INC [ RRBI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/15/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 07/15/2024 | S | 576(1) | D | $50.51(2) | 4,200(3) | I | By Spouse | ||
| Common Stock | 40,325(4) | D | ||||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. Reflects the sale of 576 shares of common stock held directly by the reporting person's spouse, Tammi R. Salazar, as part of a diversification strategy under the terms of a trading plan under Rule 10b5-1 executed on November 3, 2023. |
| 2. This transaction was executed in multiple trades at prices ranging from $50.50 to $50.64, inclusive. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| 3. Held directly by the reporting person's spouse, Tammi R. Salazar. Includes 2,380 shares of unvested restricted stock granted to the reporting person's spouse which vest as follows: (i) 360 shares vest on April 1, 2025; (ii) 360 shares vest on July 1, 2025; (iii) 360 shares vest on April 1, 2026; (iv) 240 shares vest on July 1, 2026; (v) 360 shares vest on April 1, 2027; (vi) 140 shares vest on July 1, 2027; (vii) 360 shares vest on April 1, 2028; and (viii) 200 shares vest on April 1, 2029. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. |
| 4. Consists of 36,125 shares in a joint account with the reporting person's spouse, Tammi R. Salazar, and 4,200 shares held directly by the reporting person. Includes 2,380 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 360 shares vest on April 1, 2025; (ii) 360 shares vest on July 1, 2025; (iii) 360 shares vest on April 1, 2026; (iv) 240 shares vest on July 1, 2026; (v) 360 shares vest on April 1, 2027; (vi) 140 shares vest on July 1, 2027; (vii) 360 shares vest on April 1, 2028; and (viii) 200 shares vest on April 1, 2029. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. |
| Remarks: |
| Executive Vice President and Chief Banking Officer of Red River Bank |
| /s/ Julia E. Callis, as Attorney-in-Fact | 07/16/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||