Tammi R. Salazar - Jan 3, 2023 Form 4 Insider Report for RED RIVER BANCSHARES INC (RRBI)

Role
Executive Vice President and Chief Operating Officer of Red River Bank
Signature
/s/ Amanda W. Barnett, as Attorney-in-Fact
Stock symbol
RRBI
Transactions as of
Jan 3, 2023
Transactions value $
-$206
Form type
4
Date filed
1/5/2023, 03:55 PM
Previous filing
Nov 30, 2022
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRBI Common Stock Sale -$103 -2 -0.07% $51.58 2.76K Jan 3, 2023 By 401(k) F1
transaction RRBI Common Stock Sale -$103 -2 -0.07% $51.58 2.76K Jan 3, 2023 By Spouse's 401(k) F2
holding RRBI Common Stock 58.2K Jan 3, 2023 Direct F3
holding RRBI Common Stock 7.3K Jan 3, 2023 By Spouse F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the sale of 2 shares of common stock from the reporting person's 401(k) plan as part of a diversification strategy, under the terms of a trading plan under Rule 10b5-1.
F2 Reflects the sale of 2 shares of common stock from the reporting person's spouse's 401(k) plan as part of a diversification strategy, under the terms of a trading plan under Rule 10b5-1.
F3 Consists of 47,925 shares in a joint account with the reporting person's spouse, Bryon C. Salazar, and 10,300 shares held directly by the reporting person. Includes 1,860 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 480 shares vest on July 1, 2024; (iii) 360 shares vest on July 1, 2025; (iv) 240 shares vest on July 1, 2026; and (v) 140 shares vest on July 1, 2027. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.
F4 Held directly by the reporting person's spouse, Bryon C. Salazar. Includes 1,860 shares of unvested restricted stock which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 480 shares vest on July 1, 2024; (iii) 360 shares vest on July 1, 2025; (iv) 240 shares vest on July 1, 2026; and (v) 140 shares vest on July 1, 2027. 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 Operating Officer of Red River Bank