secwatch.observer — SEC 8-K summary
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Issuer:     RED RIVER BANCSHARES INC (RRBI)
CIK:        0001071236
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001071236-24-000084
Event type: other_material
Sentiment:  positive
Materiality: 0.35
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Red River Bancshares repurchases 50,000 shares for $2.5M from trusts of former director's family
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- Repurchased 50,000 shares at ~$50/share; price reflects discount to 10-, 20-, 30-day VWAP on Nov 1, 2024.
- Total purchase price approximately $2.5 million; transaction expected to close by Nov 7, 2024.
- Sellers are trusts for children of former director John C. Simpson; cited estate planning diversification.
- Trusts' collective beneficial ownership will decline from 8.4% to 7.7% of outstanding common stock.
- CEO Blake Chatelain stated repurchase demonstrates commitment to increasing shareholder value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071236/000107123624000084/0001071236-24-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071236/000107123624000084/rrbi-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001071236-24-000084

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer