Director acquires $1.1M in FGBI shares, partially via debt amendment
FGBI sits 26% above its 52-week low of $4.31 on light trading volume (0.2× avg).
Summary
A director of First Guaranty Bancshares, Inc. acquired over $1.1 million in company stock, with a significant portion issued as part of a debt amendment, indicating a notable increase in insider ownership.
Key Events · Ownership and Investor Activity · FGBI
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Significant Share Acquisition
Director Edgar R. Smith III acquired 208,996 shares of First Guaranty Bancshares, Inc. common stock for a total value of $1,128,578.40.
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Acquisition via Debt Amendment
A substantial portion of the acquired shares (162,699 shares) were issued pursuant to amendments to a promissory note and a subordinated note, indicating a debt-to-equity conversion component to the transaction.
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Indirect Ownership
The shares were acquired indirectly through Smith & Tate Investments, LLC at a price of $5.40 per share.
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Increased Insider Holdings
Following this acquisition, the reporting person's indirect holdings through Smith & Tate Investments, LLC increased to 537,266 shares.
Analysis · FGBI · Finance
This Form 4 filing reports a significant acquisition of First Guaranty Bancshares, Inc. shares by Director Edgar R. Smith III, totaling over $1.1 million. While the transaction code is 'P' for purchase, a key footnote clarifies that 162,699 of the 208,996 shares were issued as part of amendments to existing debt instruments. This indicates a conversion of debt into equity, which, while not a pure open market cash purchase, still represents a positive signal as an insider is increasing their stake in the company. This overall increase in insider ownership by a director, especially of this magnitude relative to the company's size, suggests continued confidence in the company's financial health and future prospects.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1052 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FGBI was trading at $5.44 on NASDAQ in the Finance sector, with a market capitalization of approximately $82.6M. The 52-week trading range was $4.31 to $11.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.