Leibson Marie Taylor 4

What Happened

• Leibson Marie Taylor, EVP and Chief Credit Officer of Primis Financial Corp. (FRST), exercised stock options on 2026-03-09 to acquire 5,500 shares at $11.99 per share, for a cash outlay of $65,945. The same filing also reports a disposition of 5,500 shares at $0.00 in connection with the derivative transaction.

Key Details

• Transaction date: 2026-03-09
• Exercise: 5,500 shares acquired at $11.99 each — total $65,945 (transaction code M = option exercise)
• Disposition: 5,500 shares reported disposed at $0.00 (reported alongside the exercise)
• Shares known after transaction: filing footnotes show at least 10,061.40 shares in an IRA (F1) and 3,000 restricted shares (F2); combined with the 5,500 exercised, the filing discloses at least 18,561.40 shares attributable to Ms. Leibson
• Notable footnotes: F1 (10,061.40 shares in an IRA), F2 (3,000 restricted shares); F3–F5 note various performance stock units (PSUs) with vesting eligibility in 2027–2028
• Timeliness: Reported and filed with a period date of 2026-03-09, indicating a timely filing

Context

• The primary action was an option exercise (code M). The reported disposition of an equal number of shares at $0.00 typically reflects shares surrendered or otherwise used to satisfy exercise costs or tax obligations rather than an open-market sale, so this is not a routine sell signal. Purchases/exercises can indicate a non-sale acquisition of shares by an insider; filings are factual records and do not state the insider’s motive.