Tammi R. Salazar - Jan 27, 2023 Form 4 Insider Report for RED RIVER BANCSHARES INC (RRBI)

Role
Officer
Signature
/s/ Julia E. Callis, as Attorney-in-Fact
Stock symbol
RRBI
Transactions as of
Jan 27, 2023
Transactions value $
-$58,140
Form type
4
Date filed
1/31/2023, 01:31 PM
Previous filing
Jan 5, 2023
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRBI Common Stock Sale -$28.9K -567 -20.58% $51.00 2.19K Jan 27, 2023 By 401(k) F1
transaction RRBI Common Stock Sale -$28.9K -566 -20.54% $51.00 2.19K Jan 27, 2023 By Spouse's 401(k) F2
transaction RRBI Common Stock Sale -$153 -3 -0.14% $51.00 2.19K Jan 30, 2023 By 401(k) F3
transaction RRBI Common Stock Sale -$204 -4 -0.18% $51.00 2.19K Jan 30, 2023 By Spouse's 401(k) F4
holding RRBI Common Stock 59K Jan 27, 2023 Direct F5
holding RRBI Common Stock 6.5K Jan 27, 2023 By Spouse F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the sale of 567 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 566 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 Reflects the sale of 3 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.
F4 Reflects the sale of 4 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.
F5 Consists of 49,525 shares in a joint account with the reporting person's spouse, Bryon C. Salazar, and 9,500 shares held directly by the reporting person. 800 of these shares were previously reported as directly held by the reporting person's spouse and are now being reported as jointly held as the result of a transfer from the reporting person's spouse to the joint account. Includes 1,860 shares of unvested restricted stock granted to the reporting person which vest as follows: (1) 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.
F6 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 Exhibit List: Exhibit 24 - Power of Attorney (CE)