HOLDING FRANK B JR 4

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).