HOLDING FRANK B JR 4

What Happened
Holding Frank B Jr, reported as a 10% owner of First Citizens Bancshares Inc. (FCNCA), executed both a sale and a purchase in the open market on 2026-05-12. He sold 5,346 shares at $1,918.69 each for $10,257,317 and purchased 5,940 shares at $1,726.82 each for $10,257,311. The two transactions were roughly equal in dollar value and produced a net increase of 594 shares.

Key Details

• Transaction date: 2026-05-12 (filed 2026-05-12 — appears timely).
• Sale: 5,346 shares at $1,918.69 — total $10,257,317. (Code S)
• Purchase: 5,940 shares at $1,726.82 — total $10,257,311. (Code P)
• Net change: +594 shares (purchase minus sale); net cash impact effectively negligible given nearly identical totals.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: F1 — the reporting person disclaims beneficial ownership; this filing is not an admission of beneficial ownership for Section 16 purposes.
• No 10b5-1, tax-withholding, or option-exercise footnotes reported.

Context
This filing is from a 10% owner (institutional-level holder), not necessarily an executive; such transactions can reflect portfolio rebalancing or other institutional activity and should not be read as direct executive sentiment. Because there was both a sale and a contemporaneous purchase of nearly equal value, the activity appears more like a swap/rebalancing than a straightforward directional bet.