| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RRBI | Common Stock | Sale | -$111K | -2.19K | -100% | $51.00 | 0 | Jan 31, 2023 | By 401(k) | F1 |
| transaction | RRBI | Common Stock | Sale | -$111K | -2.19K | -100% | $51.00 | 0 | Jan 31, 2023 | By Spouse's 401(k) | F2 |
| holding | RRBI | Common Stock | 59K | Jan 31, 2023 | Direct | F3 | |||||
| holding | RRBI | Common Stock | 6.5K | Jan 31, 2023 | By Spouse | F4 |
| Id | Content |
|---|---|
| F1 | Reflects the sale of 2,186 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. The reporting person's prior Form 4 reflected a balance of 2,185 shares in the reporting person's 401(k) plan, which was inadvertently understated by one share because the reporting person's disposition on January 3, 2023 was inadvertently overstated by one share. |
| F2 | Reflects the sale of 2,186 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. The reporting person's spouse's prior Form 4 reflected a balance of 2,185 shares in the reporting person's spouse's 401(k) plan, which was inadvertently understated by one share because the reporting person's spouse's disposition on January 3, 2023 was inadvertently overstated by one share. |
| F3 | 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. 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. |
Executive Vice President and Chief Operating Officer of Red River Bank