{"schema_version":"secwatch.filing_event.v1","accession":"0001071236-24-000020","form_type":"8-K","ticker":"RRBI","cik":"0001071236","company_name":"RED RIVER BANCSHARES INC","filed_at":"2024-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.293844+00:00","generated_at":"2026-06-04T22:01:24.917174+00:00","sec_items":["1.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"RRBI repurchases 200,000 shares for $10M from trusts of former director's children","bullets":["Purchased 200,000 shares at $50.00 per share, a discount to the 60-day VWAP as of March 5, 2024.","Total purchase price of $10.0 million; transaction expected to close on or before March 15, 2024.","Sellers are the Angela Katherine Simpson and John Charles Simpson Jr. irrevocable trusts, beneficiaries are children of former director John C. Simpson.","Trusts' collective ownership will drop from 11.8% to 9.2% of outstanding common stock.","Repurchase is separate from the existing $5.0M buyback program; $5.0M remains available under that program."],"urls":{"canonical":"https://secwatch.observer/filing/0001071236-24-000020","json":"https://secwatch.observer/filing/0001071236-24-000020.json","markdown":"https://secwatch.observer/filing/0001071236-24-000020.md","text":"https://secwatch.observer/filing/0001071236-24-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1071236/000107123624000020/0001071236-24-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1071236/000107123624000020/rrbi-20240313.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T22:01:24.917174+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a07fc22962653939873e306b6d8e1f0730243b6a","claim":"RED RIVER BANCSHARES INC entered into Stock Repurchase Agreement with Angela Katherine Simpson Irrevocable Trust UA 25-NOV-03 and John Charles Simpson Jr. Irrevocable Trust UA 25-NOV-03 valued at 200,000 shares of common stock for $10,000,000 (approximately $50.00 per share) (effective 2024-03-13).","evidence_excerpt":"On March 13, 2024, Red River Bancshares, Inc. (the “Company”) entered into a stock repurchase agreement (the “Stock Repurchase Agreement”) with the Angela Katherine Simpson Irrevocable Trust UA 25-NOV-03 and the John Charles Simpson Jr. Irrevocable Trust UA 25-NOV-03 (the “Stockholders”) for the purchase by the Company of 200,000 shares of the Company’s common stock, no par value per share (the “Common Stock”) from the Stockholders in a privately-negotiated transaction for a total purchase price of approximately $10.0 million.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1071236/000107123624000020/0001071236-24-000020-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Angela Katherine Simpson Irrevocable Trust UA 25-NOV-03 and John Charles Simpson Jr. Irrevocable Trust UA 25-NOV-03"},{"label":"Value","value":"200,000 shares of common stock for $10,000,000 (approximately $50.00 per share)"},{"label":"Effective","value":"2024-03-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}