[Form 4] First Bancorp/NC Insider Trading Activity

Rhea-AI Filing Summary

Form 4 snapshot: First Bancorp (FBNC) Chief Banking Officer Gregory A. Currie reported a tax-related share disposition. On 06/20/2025, 1,183 restricted shares were withheld (Transaction Code F) at $40.57 per share to satisfy tax obligations upon vesting. No derivative securities were involved.

After the transaction, Currie directly owns 19,193.84 FBNC shares. The gross value of shares withheld is roughly $48 k, representing a small fraction of his holdings and an immaterial percentage of FBNC’s outstanding shares. The filing appears to be a routine insider tax-withholding event with negligible impact on corporate strategy or market sentiment.

Insights

Financial Analyst

TL;DR: Minor, tax-driven share withholding; no signaling value, neutral for FBNC investors.

This Form 4 shows Currie disposed of 1,183 restricted shares solely to cover taxes (Code F). Post-transaction ownership remains sizeable at 19,193.84 shares, indicating continued alignment with shareholders. The ~$48 k value is immaterial relative to FBNC’s market cap and daily trading volume, hence unlikely to influence valuation or trading dynamics. No derivatives, purchases, or open-market sales were disclosed, reinforcing the view that the event is routine rather than a change in insider sentiment.

Corporate Governance Expert

TL;DR: Standard Rule 10b5-1 tax withholding; governance risk unchanged, impact negligible.

Code F transactions signal shares withheld by the issuer for statutory tax payments upon RSU vesting. Such dispositions are exempt from open-market sale optics and do not typically raise governance concerns. Currie’s remaining stake sustains meaningful skin in the game, supporting incentive alignment. Because the filing discloses no new trading plan adoption and involves a modest share count, it carries no material governance or disclosure risk.

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
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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^*

CURRIE GREGORY A

(Last) (First) (Middle)

204 ELMWOOD DR.

(Street)

GREENSBORO NC 27408

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

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
Restricted Stock	06/20/2025	06/23/2025	F		1,183(1)	D	$40.57	19,193.84	D

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:

1. Shares Used to Pay Taxes

	/s/ Anna L. Miller, Attorney in-fact	06/25/2025
	** 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

Who filed the latest Form 4 for First Bancorp (FBNC)?

Gregory A. Currie, Chief Banking Officer of FBNC.

How many FBNC shares were disposed of in the filing?

A total of 1,183 restricted shares were withheld.

What transaction code was reported on the Form 4?

The filing lists Code F, indicating shares withheld to pay taxes.

What is the insider’s ownership after the reported transaction?

Currie now directly owns 19,193.84 FBNC shares.

Were any derivative securities involved in this transaction?

No; Table II shows no derivative activity.