First Carolina (FCBM) Chief Banking Officer Ford Douglas IV Buys 4,000 Shares

What Happened
Ford Douglas IV, Chief Banking Officer of First Carolina Financial Services, purchased 4,000 shares on 2026-06-18 at $12.50 per share, a total cost of $50,000. The transaction is recorded as a purchase (code P), which is a direct acquisition of stock rather than a sale.

Key Details

• Transaction date: 2026-06-18; Price: $12.50 per share; Total value: $50,000.
• Transaction type/code: Purchase (P) — reported as an open market/private purchase but annotated as directed shares.
• Footnote: F1 — shares were purchased pursuant to a directed share program in connection with the issuer’s initial public offering (IPO).
• Filing: Reported on Form 4 filed 2026-06-22. This filing date is within the typical two-business-day reporting window for Form 4 (timely).
• Shares owned after the transaction: Not specified in the supplied filing details.

Context
Directed share programs are allocations related to an IPO that let company insiders and other participants buy shares, often at or near the offering terms; they differ from routine open-market buys. Insider purchases can be seen as a positive signal, but this was a modest $50k acquisition tied to the IPO process rather than a large-scale market buy.