Alemany Ellen R 4

What Happened

• Ellen R. Alemany, a director of First Citizens BancShares, reported a gift transaction on March 13, 2026. The filing shows 310 shares of Class A common stock transferred as a gift (reported at $0.00). The same 310 shares are reported as both acquired and disposed on the Form 4 due to the internal distribution treatment and remain indirectly owned per the filing.

Key Details

• Transaction date: March 13, 2026 — Gift (code G) of 310 shares reported at $0.00.
• Related distribution on March 12, 2026: 1,985 shares were distributed from the March 2024 GRAT to the reporting person and are reported as directly owned (per footnote F2).
• Holdings after transactions (per the Form 4): 1,985 shares reported as directly owned; 310 shares reported as indirectly owned (held by Alemany Family Non-GST Exempt Trust) (per footnote F1).
• Filing date: March 17, 2026 — filing is within the required two business days and appears timely.
• Footnote notes: F1/F2 describe distributions from a March 2024 GRAT; F3 defines depositary shares (not directly relevant to these Class A common stock distributions).

Context

• These were gift/distribution transactions related to a family grantor retained annuity trust (GRAT) termination, not open-market buys or sells. Gifts and trustee distributions are estate/planning moves and do not necessarily signal the insider’s view of the company’s stock. No cash proceeds were reported.