| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RRBI | Common Stock | Sale | -$114K | -2.2K | -4.71% | $52.00 | 44.5K | Jun 6, 2023 | Direct | F1, F2 |
| transaction | RRBI | Common Stock | Sale | -$27.6K | -531 | -3.92% | $52.00 | 13K | Jun 6, 2023 | By Spouse | F3, F4 |
| transaction | RRBI | Common Stock | Sale | -$106K | -2K | -4.49% | $53.00 | 42.5K | Jun 7, 2023 | Direct | F5, F6 |
| transaction | RRBI | Common Stock | Sale | -$159K | -3K | -23.08% | $53.00 | 10K | Jun 7, 2023 | By Spouse | F4, F7 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Reflects the sale of 2,200 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 34,525 shares in a joint account with the reporting person's spouse, Bryon C. Salazar, and 10,000 shares held directly by the reporting person. Includes 2,660 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 160 shares vest on April 1, 2024; (iii) 480 shares vest on July 1, 2024; (iv) 160 shares vest on April 1, 2025; (v) 360 shares vest on July 1, 2025; (vi) 160 shares vest on April 1, 2026; (vii) 240 shares vest on July 1, 2026; (viii) 160 shares vest on April 1, 2027; (ix) 140 shares vest on July 1, 2027; and (x) 160 shares vest on April 1, 2028. 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 531 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 2,660 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) 160 shares vest on April 1, 2024; (iii) 480 shares vest on July 1, 2024; (iv) 160 shares vest on April 1, 2025; (v) 360 shares vest on July 1, 2025; (vi) 160 shares vest on April 1, 2026; (vii) 240 shares vest on July 1, 2026; (viii) 160 shares vest on April 1, 2027; (ix) 140 shares vest on July 1, 2027; and (x) 160 shares vest on April 1, 2028. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. |
| F5 | Reflects the sale of 2,000 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. |
| F6 | Consists of 34,525 shares in a joint account with the reporting person's spouse, Bryon C. Salazar, and 8,000 shares held directly by the reporting person. Includes 2,660 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 160 shares vest on April 1, 2024; (iii) 480 shares vest on July 1, 2024; (iv) 160 shares vest on April 1, 2025; (v) 360 shares vest on July 1, 2025; (vi) 160 shares vest on April 1, 2026; (vii) 240 shares vest on July 1, 2026; (viii) 160 shares vest on April 1, 2027; (ix) 140 shares vest on July 1, 2027; and (x) 160 shares vest on April 1, 2028. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant. |
| F7 | Reflects the sale of 3,000 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. |
Executive Vice President and Chief Operating Officer of Red River Bank