Form 4: FGBI CFO Boosts Stake via IRA Under 10b5-1 Plan

First Guaranty Bancshares' SVP and CFO, Eric Dosch, increased his indirect beneficial ownership of common stock through two IRA transactions.

Summary

• Eric Dosch, SVP and CFO of First Guaranty Bancshares, Inc. (FGBI), reported changes in his beneficial ownership of common stock.
• On December 8, 2025, Mr. Dosch acquired 100 shares of common stock at $4.59 per share through an IRA.
• On December 9, 2025, he acquired an additional 100 shares of common stock at $4.82 per share, also through an IRA.
• These transactions were conducted under a Rule 10b5-1(c) plan, indicating they were pre-arranged.
• Following these transactions, Mr. Dosch's total beneficial ownership includes 28,396 shares directly, 932 shares indirectly via IRA, 147 shares indirectly via spouse, 732 shares indirectly via a trust, and 382 shares each indirectly via custodian for his son and daughter.

Sentiment

Score: 7

Explanation: The acquisition of shares by the CFO, even if pre-planned, generally indicates management's confidence in the company's valuation and future prospects. The relatively small number of shares acquired, however, limits the overall positive impact.

Positives

• The SVP and CFO, Eric Dosch, increased his indirect beneficial ownership of the company's common stock, signaling confidence in the company's future prospects.
• The acquisitions were made at prices of $4.59 and $4.82 per share, which could be viewed as a favorable entry point by management.

Future Outlook

This Form 4 filing does not contain specific forward-looking statements or guidance regarding the company's future performance.

Management Comments

• The reporting person disclaims beneficial ownership of registrant common stock held by Lowell John Dosch Revocable Living Trust UA DTD 02/28/2000 except to the extent of his pecuniary interest.

Industry Context

Insider purchases, particularly by a CFO, can be viewed positively by the market as a sign of management's belief in the company's intrinsic value, especially in the banking sector where financial health and stability are paramount. This action suggests internal confidence in First Guaranty Bancshares amidst broader economic conditions affecting regional banks.

Comparison to Industry Standards

• While specific comparable companies or projects are not detailed in this filing, insider buying by a CFO is generally considered a positive signal. In the financial services industry, such actions often precede periods of perceived undervaluation or anticipated positive developments, aligning with practices observed in other regional banks where management's alignment with shareholder interests is key.

Related Party Transactions

• The filing details indirect beneficial ownership through a spouse, a trust, and custodian accounts for minor children, which are considered related party holdings.

Stakeholder Impact

• Shareholders: May view the CFO's purchase as a positive signal of management confidence, potentially bolstering investor sentiment.

Key Dates

Recommendation

The CFO's modest share purchases, executed under a Rule 10b5-1 plan, signal a degree of confidence in First Guaranty Bancshares. However, the small scale of the transactions and their pre-planned nature suggest they are not a strong catalyst for immediate price appreciation. Without additional fundamental information or a more substantial insider commitment, a 'hold' recommendation is appropriate, advising investors to maintain their current positions while monitoring for further developments.

Keywords

First Guaranty Bancshares, FGBI, Eric Dosch, SVP and CFO, Insider Trading, Stock Acquisition, Beneficial Ownership, Form 4, Rule 10b5-1, IRA