Clifton A. Payne - 06 Dec 2021 Form 4 Insider Report for GUARANTY BANCSHARES INC /TX/ (GNTY)

Role: Senior EVP and CFO, Director
Signature: /s/ Shalene A. Jacobson, as attorney-in-fact
Issuer symbol: GNTY
Transactions as of: 06 Dec 2021
Net transactions value: +$218,182
Form type: 4
Filing time: 07 Dec 2021, 17:00:08 UTC
Previous filing: 09 Sep 2021
Next filing: 15 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GNTY	Common Stock	Options Exercise	$218,182	+10,000	+10%	$21.82	110,000	06 Dec 2021	Direct
holding	GNTY	Common Stock						160,173	06 Dec 2021	By Issuer KSOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GNTY	Stock Option (right to buy)	Options Exercise		-10,000	-48%		11,000	06 Dec 2021	Common Stock	10,000	$21.82	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Options vest ratably in annual installments over a period of ten (10) years from the grant date, 10/15/2014.
F2	Options granted under issuer's 2015 Equity Incentive Plan, which amended and restated the Company's 2014 Stock Option Plan.