Red River Bancshares (RRBI) Form 4 RED RIVER BANCSHARES / Bryon C. Salazar ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Salazar Bryon C.

(Last) (First) (Middle)

1412 CENTRE COURT DRIVE, SUITE 301

(Street)

ALEXANDRIA LA 71301

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RED RIVER BANCSHARES INC [ RRBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2024		A(1)		1,000(1)	A	$0(1)	40,325(2)	D
Common Stock	04/01/2024		A(3)		1,000(3)	A	$0(3)	4,776(4)	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects 1,000 shares of unvested restricted stock granted to the reporting person on April 1, 2024 that will vest in equal installments on each of the first five anniversaries of the grant date. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.

2. Consists of 36,125 shares in a joint account with the reporting person's spouse, Tammi R. Salazar, and 4,200 shares held directly by the reporting person. Includes 2,860 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 480 shares vest on July 1, 2024; (ii) 360 shares vest on April 1, 2025; (iii) 360 shares vest on July 1, 2025; (iv) 360 shares vest on April 1, 2026; (v) 240 shares vest on July 1, 2026; (vi) 360 shares vest on April 1, 2027; (vii) 140 shares vest on July 1, 2027; (viii) 360 shares vest on April 1, 2028; and (ix) 200 shares vest on April 1, 2029. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.

3. Reflects 1,000 shares of unvested restricted stock granted to the reporting person's spouse, Tammi R. Salazar, on April 1, 2024 that will vest in equal installments on each of the first five anniversaries of the grant date. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.

4. Held directly by the reporting person's spouse, Tammi R. Salazar. Includes 2,860 shares of unvested restricted stock which vest as follows: (i) 480 shares vest on July 1, 2024; (ii) 360 shares vest on April 1, 2025; (iii) 360 shares vest on July 1, 2025; (iv) 360 shares vest on April 1, 2026; (v) 240 shares vest on July 1, 2026; (vi) 360 shares vest on April 1, 2027; (vii) 140 shares vest on July 1, 2027; (viii) 360 shares vest on April 1, 2028; and (ix) 200 shares vest on April 1, 2029. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.

Remarks:

Executive Vice President, Chief Banking Officer and Director of Red River Bank

	/s/ Julia E. Callis, as Attorney-in-Fact	04/03/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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