[Form 4] First Bancorp/NC Insider Trading Activity

Rhea-AI Filing Summary

The Vanguard Group filed Amendment No. 10 to Schedule 13G for Green Plains Inc. (GPRE), disclosing its position as of 30 Jun 2025.

• Shares owned: 3,951,989 common shares.
• Ownership percentage: 6.04 % of the outstanding class.
• Voting power: sole 0; shared 26,816.
• Dispositive power: sole 3,902,403; shared 49,586.
• Filed under Rule 13d-1(b) as an investment adviser (IA).

Vanguard affirms the shares are held in the ordinary course of business for clients and not to influence control. The certification is signed by Ashley Grim, Head of Global Fund Administration, on 29 Jul 2025.

Positive

• Institutional ownership exceeds 6 %, indicating continued interest from a leading asset manager and potential support for share liquidity.

Negative

• None.

Insights

Portfolio Manager

TL;DR: Vanguard now holds 6.04 % of GPRE, a passive stake with minimal voting power; disclosure is informative but not thesis-changing.

Vanguard’s 3.95 million-share position signals continued institutional interest in Green Plains yet remains below levels that typically trigger activism. The firm retains virtually no sole voting rights, underscoring its passive intent, while its sizeable sole dispositive power reflects index-tracking mandates. Because the filing is routine and contains no valuation metrics or strategic commentary, it should be viewed as neutral from a price-moving standpoint. Nonetheless, investors may take comfort in the presence of a large, long-term passive holder that can support market liquidity.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Donnelly Abby Jill

(Last) (First) (Middle)

3503 SMOKETREE DRIVE

(Street)

GREENSBORO NC 27410

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST BANCORP /NC/ [ FBNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/24/2025		P		5.95	A	$49.413	10,527.124	D
Common Stock	07/24/2025		P		40.186	A	$49.416	10,567.31	D
Common Stock								5,774.186	I	Rabbi Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Anna L. Miller, Attorney in-fact	07/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Green Plains (GPRE) shares does Vanguard own?

Vanguard reports 3,951,989 common shares beneficially owned.

What percentage of GPRE’s outstanding stock does Vanguard control?

The filing shows 6.04 % beneficial ownership.

Does Vanguard have voting power over the GPRE shares?

Vanguard has 0 sole and 26,816 shared voting rights, indicating limited control intent.

Why did Vanguard file a Schedule 13G for Green Plains?

Crossing the 5 % ownership threshold requires disclosure; Vanguard filed under Rule 13d-1(b) as an investment adviser.

Who signed the Schedule 13G on behalf of Vanguard?

The document is signed by Ashley Grim, Head of Global Fund Administration, dated 29 Jul 2025.