David F. Black, Chief Commercial Officer of Georgia Banking Co Inc, filed a Form 3 initial statement of beneficial ownership with the SEC on October 27, 2026, disclosing direct and indirect holdings of common stock and derivative securities as of the event date of October 27, 2026.

Key Highlights

  • Reporting person: David F. Black, Chief Commercial Officer of Georgia Banking Co Inc (NASDAQ:GBC)
  • Direct common stock: 30,169 shares held directly
  • Indirect common stock: 15,044 shares held indirectly through an IRA for the benefit of the reporting person
  • Stock options: 7,528 shares of common stock underlying fully exercisable stock options with an exercise price of $21.62, expiring March 31, 2032
  • Deferred stock units: 4,656 units, each settleable in one share of common stock upon separation from service, with 1,628 units unvested
  • Restricted stock units: 24,454 units vesting in tranches from March 1, 2027 through March 1, 2030, subject to continued service

Black's Initial Beneficial Ownership Position at Georgia Banking Co

According to the filing, David F. Black reported direct beneficial ownership of 30,169 shares of Georgia Banking Co Inc common stock and indirect ownership of 15,044 shares held in an IRA for his benefit. The filing was submitted on October 27, 2026, the same date listed as the event requiring the statement.

In Table II, the filing discloses three categories of derivative securities. First, stock options covering 7,528 shares of common stock at an exercise price of $21.62 per share, described as fully exercisable, with an expiration date of March 31, 2032. Second, 4,656 deferred stock units under the issuer's Deferred Compensation Plan, each to be settled in one share of common stock following the reporting person's separation from service. Of those, 1,628 units are unvested, scheduled to vest as follows: 1,514 on February 15, 2027, 57 on February 15, 2028, and 57 on February 15, 2029, subject to continued service.

Third, 24,454 restricted stock units are disclosed, each representing a contingent right to receive one share of common stock. According to the filing, these vest as follows: 7,335 on March 1, 2027; 2,445 on June 1, 2027; 7,337 on March 1, 2028; 4,891 on March 1, 2029; and 2,446 on March 1, 2030, all subject to continued service. The form was signed by Suzanne Deep as Attorney-in-Fact for David F. Black on October 27, 2026.

What Was Disclosed

The filing is an initial beneficial ownership statement by David F. Black, Chief Commercial Officer of NASDAQ:GBC, reporting direct and indirect common stock holdings and three types of derivative securities as of October 27, 2026.