BOXLEY ABNEY S III

Boxley Abney S III has engaged in a mix of buying and selling activity across three companies—RGC Resources (RGCO), Pinnacle Financial Partners (PNFP), and Insteel Industries (IIIN)—with a net disposition bias reflected in the $87,473 in total sales compared to $60,750 in purchases. The most notable transaction was a sale of IIIN shares valued at $87,473 on February 14, 2024, marking the largest single trade in the dataset. In contrast, Abney’s buying activity has been concentrated in RGCO, with consistent monthly acquisitions from July 2025 through March 2026, each valued at approximately $6,750. These purchases suggest a recurring investment pattern in RGCO, though the dollar amounts are relatively modest compared to the earlier IIIN sale. The filings also show several transactions with zero reported value, primarily involving PNFP and IIIN, which typically represent grants, dispositions, or acquisitions of derivative securities rather than open-market trades. For example, multiple PNFP transactions on January 1, 2026, were coded as awards (A) or dispositions (D) with no associated dollar value. Similarly, IIIN transactions in February 2025 and 2026 included both awards and market purchases (M) with no reported value. The absence of recent high-value sales or purchases suggests a shift toward smaller, routine transactions, with RGCO being the primary focus of Abney’s recent activity.