SEC Form SC 13G/A filed by Guaranty Bancshares Inc. (Amendment)

Guaranty Bancshares, Inc.

(Name of Issuer)

Common Stock, par value $1.00 per share

(Title of Class of Securities)

400764106

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

CUSIP No. 400764106

1

NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

Guaranty Bancshares, Inc. Employee Stock Ownership Plan with 401K Provisions

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☒

3

SEC USE ONLY

4

CITIZENSHIP OR PLACE OF ORGANIZATION

State of Texas

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

5

SOLE VOTING POWER

              0

6

SHARED VOTING POWER

1,254,757.00 (1)

7

SOLE DISPOSITIVE POWER

1,254,757.00

8

SHARED DISPOSITIVE POWER

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,254,757.00

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ☐

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

10.4%(2)

12

TYPE OF REPORTING PERSON

EP

Item 1(a).

Name of Issuer:

Guaranty Bancshares, Inc.

Item 1(b).

Address of Issuer's Principal Executive Offices:

16475 Dallas Parkway, Suite 600

Addison, Texas 75001

Item 2(a).

Name of Person Filing:

Guaranty Bancshares, Inc. Employee Stock Ownership Plan with 401K Provisions

Item 2(b).

Address of Principal Business Office or, if None, Residence:

Same as Item 1(b).

Item 2(c).

Citizenship or Place of Organization:

State of Texas

Item 2(d).

Title of Class of Securities:

Common Stock, par value $1.00 per share

Item 2(e).

CUSIP Number:

400764106

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(f) ☒ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).

Item 4.

Ownership:

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1:

(i) sole power to vote or direct the vote: 0

(ii) shared power to vote or direct the vote: 1,254,757.00

(iii) sole power to dispose or direct the disposition of: 0

(iv) shared power to dispose or direct the disposition of: 0

Item 5.

Ownership of Five Percent or Less of a Class:

Not Applicable

Item 6.

Ownership of More than Five Percent on Behalf of Another Person:

Upon distribution, the participants in the KSOP have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, the shares of common stock of Guaranty Bancshares, Inc. that were allocated to their accounts in the KSOP.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company:

Not Applicable

Item 8.

Identification and Classification of Members of the Group:

Not Applicable

Item 9.

Notice of Dissolution of Group:

Not Applicable

Item 10.

Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.