SEC FORM 4

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 Tammi R.

(Last)

(First)

(Middle)

1412 CENTRE COURT DRIVE, SUITE 501

(Street)

ALEXANDRIA

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)
06/12/2023

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

Rule 10b5-1(c) Transaction Indication

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/12/2023		S		542⁽¹⁾	D	$54	41,983⁽²⁾	D
Common Stock	06/12/2023		S		1,572⁽³⁾	D	$54	7,888⁽⁴⁾	I	By Spouse
Common Stock	06/13/2023		S		1,458⁽⁵⁾	D	$54	40,525⁽⁶⁾	D
Common Stock	06/13/2023		S		102⁽⁷⁾	D	$54	7,786⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects the sale of 542 shares of common stock held directly by the reporting person, as part of a diversification strategy under the terms of a trading plan under Rule 10b5-1 executed on December 2, 2022.

2. Consists of 34,525 shares in a joint account with the reporting person's spouse, Bryon C. Salazar, and 7,458 shares held directly by the reporting person. Includes 2,660 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 160 shares vest on April 1, 2024; (iii) 480 shares vest on July 1, 2024; (iv) 160 shares vest on April 1, 2025; (v) 360 shares vest on July 1, 2025; (vi) 160 shares vest on April 1, 2026; (vii) 240 shares vest on July 1, 2026; (viii) 160 shares vest on April 1, 2027; (ix) 140 shares vest on July 1, 2027; and (x) 160 shares vest on April 1, 2028. 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 the sale of 1,572 shares of common stock held directly by the reporting person's spouse, as part of a diversification strategy under the terms of a trading plan under Rule 10b5-1 executed on December 2, 2022.

4. Held directly by the reporting person's spouse, Bryon C. Salazar. Includes 2,660 shares of unvested restricted stock granted to the reporting person's spouse which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 160 shares vest on April 1, 2024; (iii) 480 shares vest on July 1, 2024; (iv) 160 shares vest on April 1, 2025; (v) 360 shares vest on July 1, 2025; (vi) 160 shares vest on April 1, 2026; (vii) 240 shares vest on July 1, 2026; (viii) 160 shares vest on April 1, 2027; (ix) 140 shares vest on July 1, 2027; and (x) 160 shares vest on April 1, 2028. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.

5. Reflects the sale of 1,458 shares of common stock held directly by the reporting person, as part of a diversification strategy under the terms of a trading plan under Rule 10b5-1 executed on December 2, 2022.

6. Consists of 34,525 shares in a joint account with the reporting person's spouse, Bryon C. Salazar, and 6,000 shares held directly by the reporting person. Includes 2,660 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 160 shares vest on April 1, 2024; (iii) 480 shares vest on July 1, 2024; (iv) 160 shares vest on April 1, 2025; (v) 360 shares vest on July 1, 2025; (vi) 160 shares vest on April 1, 2026; (vii) 240 shares vest on July 1, 2026; (viii) 160 shares vest on April 1, 2027; (ix) 140 shares vest on July 1, 2027; and (x) 160 shares vest on April 1, 2028. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.

7. Reflects the sale of 102 shares of common stock held directly by the reporting person's spouse, as part of a diversification strategy under the terms of a trading plan under Rule 10b5-1 executed on December 2, 2022.

Remarks:

Executive Vice President and Chief Operating Officer of Red River Bank

	/s/ Julia E. Callis, as Attorney-in-Fact	06/14/2023
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.