First Carolina Financial (FCBM) Director Vincent Andracchio Buys 8,000 Shares

What Happened
Vincent Charles Andracchio II, a director of First Carolina Financial Services, Inc. (FCBM), purchased 8,000 shares on 2026-06-18 at $12.50 per share, for a total of $100,000. The transaction is a purchase (a bullish-type insider activity) rather than a sale.

Key Details

• Transaction date and price: 2026-06-18 — Purchase of 8,000 shares at $12.50/share (total $100,000).
• Transaction type: P = Purchase (open market or private purchase per filing).
• Footnote: F1 — Shares were purchased pursuant to a directed share program in connection with the issuer's initial public offering.
• Filing date/timeliness: Form 4 was filed on 2026-06-22 for the 2026-06-18 transaction (appears to be filed after the typical two-business-day window).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
This purchase was part of a directed share allocation tied to the company’s IPO, a common mechanism for insiders and directors to acquire shares at offering-related allocations. Such purchases are factual indications of insider acquisition but do not, by themselves, reveal the insider’s investment motive.