GARRETT F L III 4

What Happened Garrett F L III, a director of Primis Financial Corp. (FRST), made a series of open-market purchases (transaction code P) totaling 1,300 shares between June 1 and June 5, 2026. The individual trades were: 350 shares at $14.30 ($5,005), 250 at $14.75 ($3,688), 450 at $14.50 ($6,525), 125 at $14.74 ($1,843), and 125 at $15.00 ($1,875). Total reported outlay across these purchases was $18,936, for an overall weighted average price of about $14.57 per share. These were purchases (acquisitions), which are commonly viewed as a more informative/“bullish” insider action than routine sales, though no motivation should be inferred.

Key Details

• Transaction dates and prices:
  • 2026-06-01: 350 sh @ $14.30 = $5,005
  • 2026-06-02: 250 sh @ $14.75 = $3,688
  • 2026-06-03: 450 sh @ $14.50 = $6,525
  • 2026-06-04: 125 sh @ $14.74 = $1,843
  • 2026-06-05: 125 sh @ $15.00 = $1,875
• Total shares acquired: 1,300; total spent: $18,936; weighted avg price ≈ $14.57.
• Shares owned after transaction: Form notes total ownership includes 2,884 shares held in an IRA for Mr. Garrett’s benefit (Footnote F1). The filing does not provide a separate consolidated “after” total in the summary provided here.
• Footnotes:
  • F1: Total ownership includes 2,884 shares held in an IRA for Mr. Garrett's benefit.
  • F2: Indicates a weighted average sales price from $14.40–$14.60 for a series of transactions (per the filing).
• Filing timeliness: Form was filed on 2026-06-08 covering transactions dated June 1–5, 2026. This appears outside the standard two-business-day Form 4 filing window for the earliest trades (filed 7 days after the first trade), which investors may note.

Context

• These were straightforward open-market purchases (code P). Purchases by directors can signal confidence, but they are one data point among many — do not assume motives.
• No options exercises, awards, gifts, or tax-withholding events are indicated for these transactions.
• If you track insider activity, note both the purchase size (1,300 shares / ~$19k) and the late filing date when assessing the timeliness and informational value of this report.