Red River Bank - SEC Filing

View:

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 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)
01/27/2023

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

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	01/27/2023		S		566⁽¹⁾	D	$51	2,189	I	By 401(k)
Common Stock	01/27/2023		S		567⁽²⁾	D	$51	2,188	I	By Spouse's 401(k)
Common Stock	01/30/2023		S		4⁽³⁾	D	$51	2,185	I	By 401(k)
Common Stock	01/30/2023		S		3⁽⁴⁾	D	$51	2,185	I	By Spouse's 401(k)
Common Stock								56,025⁽⁵⁾	D
Common Stock								9,500⁽⁶⁾	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 566 shares of common stock from the reporting person's 401(k) plan as part of a diversification strategy, under the terms of a trading plan under Rule 10b5-1.

2. Reflects the sale of 567 shares of common stock from the reporting person's spouse's 401(k) plan as part of a diversification strategy, under the terms of a trading plan under Rule 10b5-1.

3. Reflects the sale of 4 shares of common stock from the reporting person's 401(k) plan as part of a diversification strategy, under the terms of a trading plan under Rule 10b5-1.

4. Reflects the sale of 3 shares of common stock from the reporting person's spouse's 401(k) plan as part of a diversification strategy, under the terms of a trading plan under Rule 10b5-1.

5. Consists of 49,525 shares in a joint account with the reporting person's spouse, Tammi R. Salazar, and 6,500 shares held directly by the reporting person. 800 of these shares were previously reported as directly held by the reporting person's spouse and are now being reported as jointly held as the result of a transfer from the reporting person's spouse to the joint account. Includes 1,860 shares of unvested restricted stock granted to the reporting person which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 480 shares vest on July 1, 2024; (iii) 360 shares vest on July 1, 2025; (iv) 240 shares vest on July 1, 2026; and (v) 140 shares vest on July 1, 2027. The reported shares of unvested restricted stock are subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.

6. Held directly by the reporting person's spouse, Tammi R. Salazar. Includes 1,860 shares of unvested restricted stock which vest as follows: (i) 640 shares vest on July 1, 2023; (ii) 480 shares vest on July 1, 2024; (iii) 360 shares vest on July 1, 2025; (iv) 240 shares vest on July 1, 2026; and (v) 140 shares vest on July 1, 2027. 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 Lending Officer and Director of Red River Bank Exhibit List: Exhibit 24 - Power of Attorney (CE)

	Julia E. Callis, as Attorney-in-Fact	01/31/2023
	** 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.

LIMITED POWER OF ATTORNEY

The undersigned, Bryon C. Salazar, an officer of Red River Bancshares, Inc. (the "Corporation") and/or the Corporation's wholly-owned subsidiary, Red River Bank, hereby authorizes and designates each of R. Blake Chatelain; Isabel V. Carriere; Julia E. Callis and Jones Walker LLP, as my agent and attorney-in-fact, each with full power of substitution to:

(1)    Prepare and sign on my behalf any Form ID for filing with the United States Securities and Exchange Commission, generate or update on my behalf any applicable EDGAR access codes, and request on my behalf any EDGAR passphrases or other related filings codes, if necessary;

(2)    Prepare and sign on my behalf any Form 3, Form 4 or Form 5 under Section 16 of the Securities Exchange Act of 1934 or any amendment thereto and file, or cause to be filed, the same with the United States Securities and Exchange Commission and, if applicable, each national stock exchange on which the Corporation's stock is listed;

(3)    Prepare and sign on my behalf any Form 144 Notice under the Securities Act of 1933, or any amendment thereto, and file, or cause to be filed, the same with the United States Securities and Exchange Commission;

(4)    Prepare and sign on my behalf any Schedule 13D or Schedule 13G under the Securities Exchange Act of 1934, or any amendment thereto, and file, or cause to be filed, the same with the United States Securities and Exchange Commission and, if applicable, each national stock exchange on which the Corporation's stock is listed; and

(5)    Take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on my behalf pursuant to this Limited Power of Attorney shall be in such a form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney and the rights and powers herein granted.  The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Corporation assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

This Limited Power of Attorney shall remain in full force and effect until the undersigned is no longer subject to Section 16 of the Securities Exchange Act of 1934 with respect to the Corporation, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Limited Power of Attorney to be executed on this _25th_ day of January, 2023.



_/s/ Bryon C. Salazar____________
                        Bryon C. Salazar