[Form 4] First Bancorp/NC Insider Trading Activity

Rhea-AI Filing Summary

First Bancorp (FBNC) President Michael Goodwin Mayer reported insider trading activity on June 20, 2025. The transaction involved the disposition of 7,699 shares of common stock at a price of $40.57 per share through a Form F transaction code, which typically indicates payment of tax withholdings by forfeiting shares.

Following the transaction, Mayer's holdings include:

• 102,539 shares held directly
• 1,296.508 shares in 401k Plan
• 1,017 shares held indirectly through spouse

The filing was submitted on June 25, 2025, within the required reporting window for insider transactions. The transaction appears to be a routine share forfeiture for tax obligations rather than an open market sale.

Positive

• None.

Negative

• President Michael Mayer disposed of 7,699 shares worth approximately $312,350 (at $40.57 per share) through a tax withholding transaction (Code F), retaining 102,539 direct shares

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 NC 28387

(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)
	President

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
Common Stock	06/20/2025	06/23/2025	F		7,699	D	$40.57	102,539	D
Common Stock								1,296.508	I	401k Plan
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	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

What insider transaction occurred at FBNC on June 20, 2025?

FBNC's President Michael Goodwin Mayer disposed of 7,699 shares of Common Stock at a price of $40.57 per share through a Form F transaction (payment of exercise price or tax liability using securities previously owned).

How many FBNC shares does Michael Mayer own after the June 2025 transaction?

After the transaction, Michael Mayer owns 102,539 shares directly, plus indirect ownership of 1,296.508 shares through a 401k plan and 1,017 shares through his spouse, for a total beneficial ownership of 104,852.508 shares.

What is Michael Mayer's position at FBNC?

Michael Mayer serves as the President of First Bancorp (FBNC), as indicated in Section 5 of the Form 4 filing.

What type of transaction code was used in FBNC insider trading on June 20, 2025?

The transaction used code 'F' which indicates the payment of exercise price or tax liability using securities previously owned, rather than a direct market sale or purchase.

What forms of FBNC stock ownership does Michael Mayer have?

Michael Mayer has three forms of FBNC stock ownership: Direct ownership (D) of 102,539 shares, Indirect ownership (I) through a 401k plan of 1,296.508 shares, and Indirect ownership through his spouse of 1,017 shares.