Switzer Matthew Alan 4

What Happened
Matthew A. Switzer, Executive Vice President and Chief Financial Officer of Primis Financial Corp. (FRST), purchased 2,500 common shares on 2026-02-03 in an open‑market/ private purchase at $14.06 per share, a total transaction value of $35,150. This was a purchase (code P), which retail investors often view as a more informative signal than routine sales.

Key Details

• Transaction date and price: 2026-02-03; 2,500 shares at $14.06 per share (total $35,150).
• Transaction type/code: Open market/private purchase (P).
• Shares owned following the transaction: 96,226 shares (per filing breakdown).
• Holdings breakdown noted in the filing (footnotes): includes 40,000 shares held jointly with spouse; 10,000 shares in an irrevocable trust; 22,500 shares held in an IRA; 16,976 shares held individually; and 6,750 shares of restricted stock. The filing also notes the purchased shares are held in an IRA for Mr. Switzer's benefit.
• Filing timeliness: Report filed 2026-02-04 covering a 2026-02-03 transaction — filed promptly (next day).
• No 10b5-1 plan, option exercise, gift, or tax‑withholding notation appears in the transaction line.

Context

• This was a straight purchase of common stock (not an option exercise, grant, or gift). Purchases by officers increase their reported stake; they are factual data points for investors but do not by themselves explain the insider’s motivation.