Form 4: FGBI CFO Eric Dosch Increases Family & IRA Holdings

First Guaranty Bancshares' SVP and CFO, Eric Dosch, reported multiple indirect acquisitions of common stock and depository shares for family and IRA accounts in early September 2025.

Summary

• SVP and CFO Eric Dosch of First Guaranty Bancshares, Inc. (FGBI) reported multiple indirect acquisitions of the company's common stock and depository shares for family and IRA accounts.
• Transactions occurred on September 4, 5, and 8, 2025.
• For his minor son's custodian account, 200 common shares were acquired at prices between $8.50 and $8.74, and 100 depository shares were acquired at prices between $19.03 and $19.25.
• For his minor daughter's custodian account, 200 common shares were acquired at prices between $8.67 and $8.74, and 100 depository shares were acquired at prices between $19.03 and $19.25.
• His IRA acquired 100 common shares at $8.50 and 50 depository shares at $19.03.
• His Roth IRA acquired 50 depository shares at $19.25.
• Following these transactions, Eric Dosch directly holds 28,396 common shares.
• Indirect holdings include 147 common shares by his spouse, 732 common shares by a trust (where he disclaims beneficial ownership except for pecuniary interest), 732 common shares by his IRA, 50 depository shares by his IRA, and 50 depository shares by his Roth IRA.
• His minor son's custodian account now holds 382 common shares and 100 depository shares.
• His minor daughter's custodian account now holds 382 common shares and 100 depository shares.
• Each depository share represents a 1/40th interest in a share of the issuer's 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $25.00 per depository share.

Sentiment

Score: 8

Explanation: The consistent insider buying by a key executive for various family and personal accounts, including IRAs, suggests strong confidence in the company's valuation and future prospects. This is generally viewed as a positive signal by the market.

Positives

• SVP and CFO Eric Dosch increased his indirect beneficial ownership in First Guaranty Bancshares, Inc. through multiple acquisitions of common stock and depository shares.
• The acquisitions for family and IRA accounts demonstrate management's confidence in the company's future prospects.
• The transactions occurred at various price points, indicating consistent buying activity.

Future Outlook

NA

Industry Context

This insider buying activity by a senior executive in the banking sector, particularly for family and retirement accounts, often signals a belief in the company's stability and growth potential, which can be a positive indicator for investors in a generally stable but competitive financial services industry.

Related Party Transactions

• The filing discloses indirect beneficial ownership through family members (minor son and daughter as custodians) and a trust (Lowell John Dosch Revocable Living Trust UA DTD 02/28/2000), which are standard related-party disclosures for insider holdings.

Stakeholder Impact

• Shareholders may view the insider buying as a positive signal of management's belief in the company's value and future performance, potentially increasing investor confidence.
• Employees might perceive this as a sign of stability and positive outlook from senior leadership.

Key Dates

Recommendation

The consistent and diversified insider buying by a senior executive (SVP and CFO) across multiple accounts, including those for family and retirement, signals strong conviction in the company's intrinsic value and future growth trajectory. Such actions by a well-informed insider often precede positive company developments or reflect a belief that the stock is undervalued, making it an attractive 'buy' signal for seasoned investors.

Keywords

First Guaranty Bancshares, FGBI, Eric Dosch, SVP and CFO, Insider Buying, Common Stock, Depository Shares, SEC Form 4, Beneficial Ownership, Financial Services, Banking