Director and 10% Owner Edgar R. Smith III Buys $822K of FGBI Stock
FGBI sits 93% above its 52-week low of $4.31.
Summary
Director and 10% owner Edgar R. Smith III bought $822K of FGBI stock at $8.28 per share on September 30, 2026, through Smith & Tate Investments, LLC.
Key Events · Ownership and Investor Activity · FGBI
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Director Buys $822K of Stock
Edgar R. Smith III acquired 99,277 shares at $8.28 per share on September 30, 2026, for a total of $822,014.
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Purchase Via Smith & Tate Investments
The shares were acquired indirectly through Smith & Tate Investments, LLC, an entity controlled by the reporting person.
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Shares Issued Under Note Amendments
The shares were issued pursuant to the Second Amendment to the Promissory Note and the Second Amendment to the Floating Rate Subordinated Note, both dated March 20, 2026.
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Insider Accumulation Continues
This purchase extends a 90-day insider accumulation pattern totaling $353,069 in open-market buys, with no insider sales.
Analysis · FGBI · Finance
A key insider has made a substantial open-market purchase. Edgar R. Smith III, a director and 10% owner, acquired 99,277 shares at $8.28 per share on September 30, 2026, for a total of $822,014. The transaction was executed through Smith & Tate Investments, LLC, and the shares were issued under the Second Amendment to the Promissory Note and the Second Amendment to the Floating Rate Subordinated Note, both dated March 20, 2026. This purchase represents roughly 0.6% of the company's market capitalization and extends the recent accumulation pattern among insiders.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.5% of the 1629 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.59%. 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 $8.31 on NASDAQ in the Finance sector, with a market capitalization of approximately $137.4M. The 52-week trading range was $4.31 to $11.02. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.