# EDGAR Filing Document

**Accession Number:** 0000832480
**File Stem:** 0000832480-26-000008
**Filing Date:** 2026-3
**Character Count:** 7858
**Document Hash:** 5491415c2eaa15a7a2fd57e7b6a6f1cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000832480-26-000008.hdr.sgml**: 20260309

**ACCESSION NUMBER**: 0000832480-26-000008

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260306

**FILED AS OF DATE**: 20260309

**DATE AS OF CHANGE**: 20260309

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** CORRELL JESSE T
- **CENTRAL INDEX KEY:** 0001064892

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-16867
- **FILM NUMBER:** 26733579
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UTG INC
- **CENTRAL INDEX KEY:** 0000832480
- **STANDARD INDUSTRIAL CLASSIFICATION:** LIFE INSURANCE [6311]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 202907892
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 205 NORTH DEPOT STREET
- **CITY:** STANFORD
- **STATE:** KY
- **ZIP:** 40484
- **BUSINESS PHONE:** 2172416300

**MAIL ADDRESS:**
- **STREET 1:** 205 NORTH DEPOT STREET
- **CITY:** STANFORD
- **STATE:** KY
- **ZIP:** 40484

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNITED TRUST GROUP INC
- **DATE OF NAME CHANGE:** 20001206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNITED TRUST INC /IL/
- **DATE OF NAME CHANGE:** 19920703

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>CORRELL JESSE T<br><sub>(Last) (First) (Middle)</sub><br>PO BOX 328<br><sub>(Street)</sub><br>STANFORD, KY 40484<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-03-06 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chairman & CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>UTG INC [ UTGN ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock |  |  |  |  |  |  |  | 81562 | D |  |
| Common Stock | 2026-03-06 |  | P |  | 5162 | A | 0<sup>(2)</sup> | 486957 | I | By First Southern Funding, LLC<sup>(1)(2)</sup> |
| Common Stock |  |  |  |  |  |  |  | 72750 | I | By WCorrell, Limited Partnership<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 204909 | I | By First Southern Bancorp, Inc.<sup>(4)</sup> |
| Common Stock |  |  |  |  |  |  |  | 1201876 | I | By First Southern Holdings, LLC.<sup>(5)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Options | $48.4 |  |  |  |  |  |  | <sup>(6)</sup> | 2030-09-04 | Common Stock | 15000 |  | 15000 | D |  |

---

### Footnotes:

(1) The reporting person is President and Manager of First Southern Funding, LLC.  The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

(2) This transaction is being reported to reflect the redemption by First Southern Funding, LLC of membership interests from one member.   On March 6, 2026, First Southern Funding, LLC redeemed a member owning 9.4 units (1.21% interest).  This redemption increased the membership interest of the reporting person (and his spouse) by 1.06%.  The shares of UTG, Inc.  reported as acquired represent 1.06% of the UTG shares owned by First Southern Funding, LLC.   No separate price was stated for those shares.  The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

(3) The reporting person is the managing general partner of WCorrell, Limited Partnership.  The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

(4) The reporting person is Chairman and President of First Southern Bancorp, Inc.  The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

(5) The reporting person is the President and First Southern Bancorp, Inc. is a 99% member of First Southern Holdings, LLC.  See note (4).  The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

(6) These options were granted on September 4, 2025, pursuant to the terms of a stock option agreement under the 2025 Stock Option Plan.  The options vest in 5 equal installments on each of the first five anniversaries of the date of grant, subject to the reporting person's continuing service through each such date.

**Signature:** /s/ Jill Martin, Attorney-in-Fact  
**Date:** 2026-03-09

### Remarks:

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.**