HOLDING FRANK B JR 4
Research Summary
AI-generated summary
First Citizens (FCNCA) 10% Owner Frank B. Holding Jr Buys Shares
What Happened
- Frank B. Holding Jr., a reported 10% owner of First Citizens Bancshares (FCNCA), purchased 335 shares in multiple open-market transactions on June 5, 2026. The purchases were made in many small lots at prices ranging roughly from $1,860.00 to $1,998.00, totaling about $643,466. Notable lots include 111 shares at $1,898.00 ($210,678) and 60 shares at $1,860.00 ($111,600). These were purchases (code P), which are typically viewed as insider buying rather than selling.
Key Details
- Transaction date: 2026-06-05 (filed on 2026-06-08; filing appears timely within the Form 4 two-business-day window).
- Total purchased: 335 shares for approximately $643,466 total.
- Price range: approximately $1,860.00 to $1,998.00; some lots reported as weighted-average prices with narrower ranges (see footnotes).
- Footnotes: F1–F3 note that several reported prices are weighted averages for multiple trades (ranges given: e.g., $1,885.99–$1,886.00; $1,989.99–$1,990.00; $1,997.23–$1,998.00). F4 states the reporting person disclaims beneficial ownership of certain securities (the filing includes a disclaimer).
- Shares owned after the transaction: not disclosed in the provided extract of the filing.
Context
- As a 10% owner, Holding is a significant shareholder rather than necessarily an executive; such purchases can reflect increased ownership interest but do not by themselves indicate company-facing decisions or inside knowledge. The filing is a straightforward open-market purchase report; additional breakdowns of per-trade prices are available from the filer on request per the footnotes.