SCHEDULE: Simeon Thibeaux Reports 7.6% Stake in Red River Bancshares

Simeon A. Thibeaux has reported beneficial ownership of 7.6% of Red River Bancshares, Inc. common stock, totaling 500,057 shares.

Summary

• Simeon A. Thibeaux beneficially owns an aggregate of 500,057 shares of Red River Bancshares, Inc. common stock.
• This ownership represents 7.6% of the issuer's class of securities.
• Mr. Thibeaux holds sole voting and dispositive power over 433,646 shares, primarily through his role as sole trustee of the John Charles Simpson Jr. Trust (266,407 shares) and the Angela Katherine Simpson Trust (167,239 shares).
• He holds shared voting and dispositive power over 66,411 shares, which are held by S3 Dynamics, L.P., where he is one of three managers of the general partner, S3 Management, L.L.C., and a trustee or investment advisor of trusts owning 100% of the limited partnership interests.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership and does not contain information that would inherently be positive or negative for the company's performance or outlook.

Future Outlook

NA

Management Comments

• Simeon A. Thibeaux certified that, to the best of his knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Red River Bancshares, Inc., other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

NA

Stakeholder Impact

• Shareholders gain transparency regarding a significant individual holder's stake in the company.
• The certification of passive intent indicates that the investment is not intended to influence control, which may provide stability to the market regarding potential activist actions.

Key Dates

Recommendation

The filing is a beneficial ownership report (Schedule 13G Amendment No. 7) indicating a significant, passive stake by Simeon A. Thibeaux. It does not contain financial performance data or strategic updates that would warrant a change in investment thesis. The certification explicitly states the shares are not held for the purpose of changing or influencing control, suggesting a passive investment. Therefore, a 'hold' recommendation is appropriate as this filing alone does not alter the fundamental investment case.

Keywords

Red River Bancshares, RRBI, Simeon A. Thibeaux, beneficial ownership, Schedule 13G, common stock, banking, financial services