---
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"
generated_at: "2026-06-04T22:01:24.917174+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RRBI repurchases 200,000 shares for $10M from trusts of former director's children

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001071236-24-000020
- JSON: https://secwatch.observer/filing/0001071236-24-000020.json
- Plain text: https://secwatch.observer/filing/0001071236-24-000020.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Angela Katherine Simpson Irrevocable Trust UA 25-NOV-03 and John Charles Simpson Jr. Irrevocable Trust UA 25-NOV-03
  - Value: 200,000 shares of common stock for $10,000,000 (approximately $50.00 per share)
  - Effective: 2024-03-13
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1071236/000107123624000020/0001071236-24-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.