Alemany Ellen R 4

What Happened

• Ellen R. Alemany, a director of First Citizens Bancshares, sold a total of 2,520 depositary shares (each representing a 1/100th interest in the Issuer's 7% Non‑Cumulative Perpetual Preferred Stock, Series D) in multiple open‑market transactions on 2026-06-04.
• The disposals were reported in eight lots with weighted-average prices and reported proceeds as follows:
  • 183 shares @ $2,033.33 = $372,099
  • 604 shares @ $2,048.21 = $1,237,119
  • 456 shares @ $2,050.78 = $935,156
  • 37 shares @ $2,052.43 = $75,940
  • 93 shares @ $2,033.52 = $189,117
  • 1,136 shares @ $2,048.20 = $2,326,755
  • 10 shares @ $2,050.60 = $20,506
  • 1 share @ $2,051.11 = $2,051
• Total proceeds across all lots: approximately $5,158,743. These were sales (code S) — routine liquidation of holdings rather than purchases (not an explicit buy/hold signal).

Key Details

• Transaction date: 2026-06-04. Form 4 filed: 2026-06-08 (filed four days after the trades; Form 4 is typically due within two business days, so this filing appears later than the usual reporting window).
• Prices: reported as weighted averages; the filing notes the shares were sold in multiple executions with trade price ranges roughly from $2,033.32 up to $2,051.24 across the lots (see footnotes for per-lot ranges).
• Shares owned after the transaction: not specified in the provided excerpt.
• Footnote: each Depositary Share = 1/100th interest in the Issuer's Series D preferred (footnote F6). Footnotes F1–F5 state the reported prices are weighted averages and that the reporter can provide per‑execution price breakdowns on request.

Context

• These were open‑market sales of depositary (preferred‑interest) shares by a director. Sales by insiders can be for many reasons (diversification, personal liquidity, estate/tax planning) and do not by themselves indicate management’s view of the company’s prospects.
• Because these are depositary shares (fractional interests in preferred stock) rather than common stock transactions, the dollar values per share are correspondingly higher; 100 depositary shares equal one preferred share.