Tammi R. Salazar - Feb 23, 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/ Julia E. Callis, as Attorney-in-Fact
Stock symbol
RRBI
Transactions as of
Feb 23, 2023
Transactions value $
-$11,700
Form type
4
Date filed
2/27/2023, 11:16 AM
Previous filing
Feb 6, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RRBI Common Stock Sale -$9.2K -177 -0.31% $52.00 56.3K Feb 23, 2023 Direct F1, F2
transaction RRBI Common Stock Sale -$2.5K -48 -0.96% $52.00 4.95K Feb 23, 2023 By Spouse F3, 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 177 shares of common stock held directly by the reporting person as part of a diversification strategy, under the terms of a trading plan under Rule 10b5-1.
F2 Consists of 49,525 shares in a joint account with the reporting person's spouse, Bryon C. Salazar, and 6,792 shares held directly by the reporting person. 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.
F3 Reflects the sale of 48 shares of common stock held directly by the reporting person's spouse as part of a diversification strategy, under the terms of a trading plan under Rule 10b5-1.
F4 Held directly by the reporting person's spouse, Bryon C. Salazar. Includes 1,860 shares of unvested restricted stock granted to the reporting person's spouse 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