Origin Bancorp, Inc. — Director's Dealing 2023

Aug 31, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Origin Bancorp, Inc. (OBK)
CIK: 0001516912
Period of Report: 2023-08-30

Reporting Person: Dyer Jay (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-30	Common Stock	M	17	$15.11	Acquired	40349	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-08-30	Stock Options (Right to Buy)	$15.11	M	17	Disposed	2023-10-21	Common Stock (17)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18152	Indirect
Common Stock	3822	Indirect
Common Stock	60	Indirect
Common Stock	24	Indirect
Common Stock	13	Indirect
Common Stock	57906	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (4452)	4452	Direct
Restricted Stock Units	$		Common Stock (1524)	1524	Direct
Stock Options (Right to Buy)	$19.64	2024-12-15	Common Stock (3972)	3972	Direct
Stock Options (Right to Buy)	$37.76	2029-12-16	Common Stock (1655)	1655	Direct
Stock Options (Right to Buy)	$33.23	2031-02-16	Common Stock (16552)	16552	Direct
Stock Options (Right to Buy)	$31.72	2027-12-18	Common Stock (7614)	7614	Direct
Stock Options (Right to Buy)	$19.64	2025-12-21	Common Stock (6621)	6621	Direct
Stock Options (Right to Buy)	$22.28	2026-06-20	Common Stock (9931)	9931	Direct
Stock Options (Right to Buy)	$23.64	2026-12-19	Common Stock (8276)	8276	Direct

Footnotes

F1: The reporting person has investment control over the shares held or controlled by SBSPBL, LP, a limited partnership. The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein, if any. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (the "Exchange Act"), the filing of this statement shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities reported herein.

F2: Pursuant to the Merger Agreement, at the effective time of the Merger, August 1, 2022, each outstanding and unexercised option to purchase shares of BTH common stock became fully vested and automatically converted into an option to purchase shares of issuer common stock, with the number of underlying shares and the exercise price determined as set forth in the Merger Agreement. Each option to purchase shares of issuer common stock is subject to the same terms and conditions (excluding vesting but including exercisability terms) as the corresponding option to purchase shares of BTH common stock immediately prior to the effective time of the Merger.

F3: Each restricted stock unit represents the contingent right to receive, at settlement, one share of the issuer's common stock or cash equal to the fair value thereof (calculated pursuant to the incentive agreement), as determined by the issuer.

F4: Granted on February 17, 2023, with 2,226 shares vesting on each of the vesting dates of August 19, 2023, August 19, 2024, and August 19, 2025.

F5: Granted on February 17, 2023, vesting ratably over three years with the first vest date of February 17, 2024.