HOLDING FRANK B JR 4
4 · FIRST CITIZENS BANCSHARES INC /DE/ · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
First Citizens (FCNCA) 10% Owner Frank B. Holding Jr. Buys Shares
What Happened
Frank B. Holding Jr., reported as a 10% owner of First Citizens BancShares, made a series of open-market purchases on June 4, 2026. He acquired 225 shares in multiple trades at prices ranging roughly from $1,712.99 to $1,779.99, spending approximately $394,190 in total. Several groups of purchases are reported with weighted-average prices (see footnotes).
Key Details
- Transaction date: June 4, 2026 (Form filed June 8, 2026 — filed within the Section 16 two-business-day window).
- Total shares purchased: 225 shares. Total cash spent: ~$394,190.
- Price range shown across trades: about $1,712.99 to $1,779.99; some blocks reported as weighted averages (footnotes F3 and F4 specify narrower sub‑ranges).
- Post-transaction holdings: the filing also reports GRAT distributions on June 5 that increase directly owned shares — e.g., 38,111 Class B shares (F1), 22,370 Class B shares (F2) and 4,825 Class A shares (F5); remaining shares held in the GRATs continue to be reported as indirectly owned (see F2, F5, F7).
- Reporting nuances: F3/F4 note weighted-average pricing and offer to provide per-price breakdown on request. F6 states the reporting person disclaims beneficial ownership of certain securities. F7 notes distributions to the reporting person’s spouse remain indirectly owned.
- Transaction code: P = Purchase (open-market).
Context
These are straight open-market purchases by a reported 10% owner, not a grant or option exercise. Purchases are factual signals of buying but do not by themselves indicate the reporting person's motivations. The filing appears timely and includes footnotes about GRAT distributions and beneficial‑ownership disclaimers that affect how holdings are reported (direct vs. indirect).
Insider Transaction Report
- Purchase
Class B Common
[F1][F2]2026-06-04$1712.99/sh+3$5,139→ 63,325 total - Purchase
Class B Common
2026-06-04$1721.99/sh+1$1,722→ 63,326 total - Purchase
Class B Common
2026-06-04$1727.99/sh+1$1,728→ 63,327 total - Purchase
Class B Common
[F3]2026-06-04$1730.29/sh+31$53,639→ 63,358 total - Purchase
Class B Common
2026-06-04$1731.99/sh+35$60,620→ 63,393 total - Purchase
Class B Common
2026-06-04$1733.00/sh+15$25,995→ 63,408 total - Purchase
Class B Common
2026-06-04$1734.00/sh+26$45,084→ 63,434 total - Purchase
Class B Common
2026-06-04$1744.00/sh+12$20,928→ 63,446 total - Purchase
Class B Common
2026-06-04$1765.00/sh+15$26,475→ 63,461 total - Purchase
Class B Common
2026-06-04$1770.00/sh+15$26,550→ 63,476 total - Purchase
Class B Common
2026-06-04$1775.00/sh+6$10,650→ 63,482 total - Purchase
Class B Common
2026-06-04$1778.00/sh+20$35,560→ 63,502 total - Purchase
Class B Common
[F4]2026-06-04$1779.99/sh+45$80,100→ 63,547 total
- 206,942
Class A Common
[F5] - 11,140(indirect: By Trust)
Class A Common
- 3,728(indirect: By Spouse)
Class A Common
[F6] - 3,416(indirect: As custodian for James Freeman Bailey, Jr.)
Class A Common
[F6] - 1,591(indirect: As custodian for Royall Holding Bailey)
Class A Common
[F6] - 317(indirect: As custodian for Jones Powell Bailey)
Class A Common
[F6] - 95,829(indirect: Frank B. Holding Jr. 2025 #1 GRAT)
Class A Common
[F5] - 106,000(indirect: Frank B. Holding Jr. 2025 #2 GRAT)
Class A Common
- 115,000(indirect: By Trust)
Class A Common
[F6] - 2,527(indirect: By Trust)
Class B Common
- 9,160(indirect: By Spouse)
Class B Common
[F7][F6] - 4,957(indirect: As custodian for James Freeman Bailey, Jr.)
Class B Common
[F6] - 4,800(indirect: As custodian for Royall Holding Bailey)
Class B Common
[F6] - 5,158(indirect: As custodian for Jones Powell Bailey)
Class B Common
[F6] - 0(indirect: Frank B. Holding Jr. 2025 #1 GRAT)
Class B Common
[F1] - 9,780(indirect: Frank B. Holding Jr. 2025 #2 GRAT)
Class B Common
[F2] - 24,300(indirect: By Trust)
Class B Common
[F7][F6]
Footnotes (7)
- [F1]On June 5, 2026, 38,111 shares of Class B Common Stock were distributed from the Frank B. Holding, Jr. 2025 GRAT #1 (the "GRAT") to the reporting person and continue to be reported in this Form 4 as directly owned.
- [F2]On June 5, 2026, 22,370 shares of Class B Common Stock were distributed from the Frank B. Holding, Jr. 2025 GRAT #2 (the "GRAT") to the reporting person and continue to be reported in this Form 4 as directly owned, and the remaining 9,780 shares held by the GRAT continue to be reported in the Form 4 as indirectly owned.
- [F3]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1,729.99 to $1,730.91, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (3) through (4) to this Form 4.
- [F4]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1,779.97 to $1,780.00, inclusive.
- [F5]On June 5, 2026, 4,825 shares of Class A Common Stock were distributed from the Frank B. Holding, Jr. 2025 GRAT #1 (the "GRAT") to the reporting person and continue to be reported in this Form 4 as directly owned, and the remaining 95,829 shares held by the GRAT continue to be reported in the Form 4 as indirectly owned.
- [F6]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
- [F7]On June 5, 2026, 8,000 shares of Class B Common Stock were distributed from the Ruth P. Holding 2025 GRAT (the "GRAT") to the reporting person's spouse and continue to be reported in this Form 4 as indirectly owned, and the remaining 24,300 shares held by the GRAT continue to be reported in the Form 4 as indirectly owned.