First Bancorp director sells 44,324 shares

FIRST BANCORP /NC/ director Michael Goodwin reported an open-market sale of common stock.

Rhea-AI Filing Summary

FIRST BANCORP /NC/ director Michael Goodwin reported an open-market sale of common stock. He sold 44,324 shares of First Bancorp common stock at a price of $58.58 per share. After this sale, his directly held position stands at 41,491.43 shares, and a separate indirect holding entry shows 1,017 shares held through his spouse.

Insights

Bank equity analyst

Director executes sizable open-market sale but retains a meaningful stake.

Director Michael Goodwin executed an open-market sale of 44,324 shares of FIRST BANCORP /NC/ common stock at $58.58 per share. Following the sale, he continues to hold 41,491.43 shares directly, plus 1,017 shares reported as indirectly owned through his spouse.

The transaction is a discretionary open-market sale, not tied to option exercises or tax withholding, and there are no remaining derivative positions listed. The filing does not indicate any pre-arranged trading plan, so the sale timing appears discretionary based on the information provided.

Because the filing does not disclose the company’s total shares outstanding or prior ownership context, the broader significance of this sale for First Bancorp is hard to gauge from this data alone. Subsequent company filings may offer additional context around insider ownership trends.

Insider Trade Summary

Net Seller: 44,324 shares

Net Sell 2 txns

Insider Mayer Michael Goodwin

Role Director

Sold 44,324 shs ($2.60M)

Type	Security	Shares	Price	Value
Sale	Common Stock	44,324	$58.58	$2.60M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 41,491.43 shares (Direct); Common Stock — 1,017 shares (Indirect, Spouse)

Key Figures

Shares sold: 44,324 shares Sale price per share: $58.58/share Direct shares after sale: 41,491.43 shares +2 more

5 metrics

Shares sold 44,324 shares Open-market sale of common stock

Sale price per share $58.58/share Price for 44,324 sold shares

Direct shares after sale 41,491.43 shares Direct ownership following transaction

Indirect spouse-held shares 1,017 shares Indirect ownership via spouse holding entry

Net shares sold 44,324 shares Net buy/sell shares in transaction summary

Key Terms

open-market sale, indirect ownership, Common Stock

3 terms

open-market sale financial

"transaction_action is described as an open-market sale of common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"An indirect holding entry shows 1,017 shares held through his spouse"

Common Stock financial

"He sold 44,324 shares of First Bancorp common stock at a price of $58.58"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FIRST BANCORP (FBNC) director Michael Goodwin report?

Director Michael Goodwin reported an open-market sale of 44,324 First Bancorp common shares at $58.58 per share. This Form 4 filing discloses a discretionary sale, not linked to option exercises or tax withholding, and updates his reported ownership position accordingly.

How many FIRST BANCORP (FBNC) shares does Michael Goodwin hold after this Form 4?

After the reported sale, Michael Goodwin holds 41,491.43 shares directly of First Bancorp common stock. The filing also shows an indirect holding of 1,017 shares attributed to his spouse, reported separately from his direct ownership stake.

At what price did Michael Goodwin sell FIRST BANCORP (FBNC) shares?

Michael Goodwin’s reported sale price was $58.58 per share for First Bancorp common stock. All 44,324 shares in this transaction used that price, indicating a single open-market sale price point disclosed in the Form 4 filing.

Does the FIRST BANCORP (FBNC) Form 4 show any option exercises or derivatives?

The Form 4 does not list any derivative or option exercises. The transaction is categorized as a non-derivative open-market sale of common stock, and the derivative summary section in the structured data is empty, indicating no option-related activity in this filing.

What indirect ownership in FIRST BANCORP (FBNC) is reported for Michael Goodwin?

The filing reports 1,017 First Bancorp common shares as indirectly owned, attributed to Goodwin’s spouse. This is recorded as a holding entry, separate from his direct 41,491.43-share position, and reflects shares beneficially linked through a family relationship.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/21/2026 - 02:35 PM EDT Learn about SEC filing dates

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^*

Mayer Michael Goodwin

(Last) (First) (Middle)

15 STATION AVE.

(Street)

SOUTHERN PINES NORTH CAROLINA 28387

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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

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

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	05/20/2026		S		44,324	D	$58.58	41,491.43	D
Common Stock								1,017	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	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)