Lori Sirman - Nov 7, 2022 Form 4 Insider Report for Origin Bancorp, Inc. (OBK)

Role: Director
Signature: /s/ Drake Mills, as Attorney-in-Fact
Stock symbol: OBK
Transactions as of: Nov 7, 2022
Transactions value $: $370,150
Form type: 4
Date filed: 11/8/2022, 11:26 AM
Previous filing: Aug 1, 2022
Next filing: Feb 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership
transaction	OBK	Common Stock	Options Exercise	$350K	+23.2K	+42.18%	$15.11	78.1K	Nov 7, 2022	Direct
transaction	OBK	Common Stock	Options Exercise	$20K	+1.32K	+1.7%	$15.11	79.4K	Nov 7, 2022	Direct
holding	OBK	Common Stock						8.83K	Nov 7, 2022	By IRA
holding	OBK	Common Stock						21.2K	Nov 7, 2022	By KSOP
holding	OBK	Common Stock						277	Nov 7, 2022	BY ISSUER RETIREMENT PLAN

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	OBK	Stock Options (Right to Buy)	Options Exercise	$0	-23.2K	-100%	$0.00^*	0	Nov 7, 2022	Common Stock	23.2K	$15.11	Direct	F1
transaction	OBK	Stock Options (Right to Buy)	Options Exercise	$0	-1.32K	-100%	$0.00^*	0	Nov 7, 2022	Common Stock	1.32K	$15.11	Direct	F1
holding	OBK	Stock Options (Right to Buy)						2.75K	Nov 7, 2022	Common Stock	2.75K	$19.64	Direct	F1
holding	OBK	Stock Options (Right to Buy)						5.67K	Nov 7, 2022	Common Stock	5.67K	$19.64	Direct	F1
holding	OBK	Stock Options (Right to Buy)						6.62K	Nov 7, 2022	Common Stock	6.62K	$22.28	Direct	F1
holding	OBK	Stock Options (Right to Buy)						4.57K	Nov 7, 2022	Common Stock	4.57K	$23.64	Direct	F1
holding	OBK	Stock Options (Right to Buy)						18.5K	Nov 7, 2022	Common Stock	18.5K	$31.72	Direct	F1
holding	OBK	Stock Options (Right to Buy)						16.6K	Nov 7, 2022	Common Stock	16.6K	$37.01	Direct	F1
holding	OBK	Stock Options (Right to Buy)						23.2K	Nov 7, 2022	Common Stock	23.2K	$37.76	Direct	F1
holding	OBK	Stock Options (Right to Buy)						23.2K	Nov 7, 2022	Common Stock	23.2K	$33.23	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Pursuant to the Merger Agreement, at the effective time of the Merger, August 1, 2022, each outstanding and unexercised option to purchase shares of BTH common stock became fully vested and automatically converted into an option to purchase shares of issuer common stock, with the number of underlying shares and the exercise price determined as set forth in the Merger Agreement. Each option to purchase shares of issuer common stock is subject to the same terms and conditions (excluding vesting but including exercisability terms) as the corresponding option to purchase shares of BTH common stock immediately prior to the effective time of the Merger.

Content

Pursuant to the Merger Agreement, at the effective time of the Merger, August 1, 2022, each outstanding and unexercised option to purchase shares of BTH common stock became fully vested and automatically converted into an option to purchase shares of issuer common stock, with the number of underlying shares and the exercise price determined as set forth in the Merger Agreement. Each option to purchase shares of issuer common stock is subject to the same terms and conditions (excluding vesting but including exercisability terms) as the corresponding option to purchase shares of BTH common stock immediately prior to the effective time of the Merger.