[Form 4] First Bancorp/NC Insider Trading Activity

Rhea-AI Filing Summary

James C. Crawford III, a director of First Bancorp (FBNC), reported a sale of 3,475 shares of the issuer's common stock on 08/15/2025 at a reported price of $53.10 per share. After the reported transaction, Mr. Crawford is shown as directly holding 65,200 shares and indirectly holding additional shares through family and entities: 6,600 (children) and 8,325 (spouse), with an indirect LLC position listed as 0. The Form 4 was signed by an attorney-in-fact.

Positive

• Director retains significant ownership with 65,200 shares directly owned after the sale, indicating ongoing alignment with shareholders
• Only a modest number of shares sold (3,475 shares), suggesting the transaction is routine rather than a large exit

Negative

• None.

Insights

Financial Analyst

TL;DR Insider sale of a modest number of shares by a director; not clearly material to company fundamentals.

The sale of 3,475 shares at $53.10 represents a routine disposition by an insider and does not, by itself, indicate a material change to First Bancorp's capital structure or operations. The director retains a substantial direct stake of 65,200 shares plus indirect family holdings, which suggests continued alignment with shareholder interests. Absent additional context such as regular trading patterns or larger dispositions, this filing appears neutral for valuation.

Corporate Governance Expert

TL;DR A director reported a small open-market sale; governance implications are limited given ongoing significant ownership.

The Form 4 documents a single non-derivative sale by a director while leaving meaningful direct and indirect ownership intact. From a governance perspective, continued ownership by the director and family members supports ongoing alignment with shareholders. The filing includes an attorney-in-fact signature, which is a common administrative practice and does not alter substantive disclosure. Impact on control or governance is minimal.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CRAWFORD JAMES C III

(Last) (First) (Middle)

209 MCIVER STREET

(Street)

CHERAW SC 29520

(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)
08/15/2025

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	08/15/2025		S		3,475	D	$53.1	65,200	D
Common Stock								0	I	By LLC
Common Stock								6,600	I	Children
Common Stock								8,325	I	Spouse

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	08/19/2025
	** 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

What transaction did James C. Crawford III report for FBNC?

He reported a sale of 3,475 shares of First Bancorp (FBNC) common stock on 08/15/2025 at a price of $53.10 per share.

How many FBNC shares does the reporting director hold after the transaction?

65,200 shares directly are reported as beneficially owned following the transaction, plus 6,600 (children) and 8,325 (spouse) indirectly.

Was the Form 4 signed by the reporting person?

The form was signed by an attorney-in-fact (Anna L. Miller) on behalf of the reporting person.

Does the filing show any derivative transactions for FBNC?

No derivative securities are reported in Table II; only a non-derivative common stock sale is disclosed.

Is the reported transaction likely material to FBNC investors?

No material impact indicated; the sale size is modest and the director retains significant direct and indirect holdings.