[144] First BanCorp. SEC Filing

Rhea-AI Filing Summary

First BanCorp (FBP) filing a Form 144 notifies a proposed sale of 50,000 shares of First BanCorp common stock through Merrill Lynch on or about 08/22/2025, with an aggregate market value of $1,100,000.00. The filing records that these shares were originally acquired as restricted stock granted as compensation: 40,240 shares on 03/31/2024 and 9,760 shares on 03/18/2022. The filer also reported a prior sale on 06/11/2025 of 22,871 shares for gross proceeds of $467,672.40. The notice includes the required representation that the seller is not aware of undisclosed material adverse information about the issuer.

Positive

• Planned sale disclosed with broker, sale date, and aggregate market value, improving market transparency
• Acquisition details provided showing shares were received as restricted stock on specific dates (03/31/2024 and 03/18/2022)
• Prior sale reported for 22,871 shares on 06/11/2025 with gross proceeds of $467,672.40, fulfilling three-month sales disclosure

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider sale notice under Rule 144 for 50,000 shares; provides transaction dates and prior sales.

The Form 144 disclosure is procedural, documenting a planned sale of 50,000 First BanCorp shares via Merrill Lynch with stated acquisition dates and amounts tied to restricted stock compensation. It also records a recent sale of 22,871 shares generating $467,672.40. For investors, this filing supplies transparency about share disposals by an insider or person required to report under Rule 144. The filing contains no operational, earnings, or forward-looking information.

Corporate Governance Expert

TL;DR: Compliance-focused filing that meets Rule 144 disclosure requirements; not a material corporate event.

The document meets statutory disclosure obligations by identifying the broker, sale date, share counts, acquisition method (restricted stock as compensation) and prior sales within three months. It includes the seller's certification regarding material information. There is no information here about board changes, governance actions, or regulatory matters; the filing should be viewed as a compliance notice rather than a corporate development.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
First BanCorp Common Stock	Merrill Lynch Millenium ParkPlaza, #15 Second Street Metro Office Park Suite 210 Guaynabo PR 00968	50000	1100000.00	160469644	08/22/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
First BanCorp Common Stock	03/31/2024	Restricted Stock Acquired as compensation	FIRSTBANCORP/ PR			40240	03/31/2024	Restricted Stock Acquired as compensation
First BanCorp Common Stock	03/18/2022	Restricted Stock Acquired as compensation	FIRSTBANCORP/ PR			9760	03/18/2022	Restricted Stock Acquired as compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Aurelio Aleman Millenium Park Plaza, #15 Second Street Metro Office Park Suite 210 Guaynabo PR 00968	First BanCorp Common Stock	06/11/2025	22871	467672.40

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for First BanCorp (FBP) disclose?

The filing discloses a proposed sale of 50,000 First BanCorp shares via Merrill Lynch on or about 08/22/2025 with aggregate market value $1,100,000.00.

How were the shares to be sold acquired according to the filing?

The shares were acquired as restricted stock granted as compensation: 40,240 shares on 03/31/2024 and 9,760 shares on 03/18/2022.

Did the filer report any recent sales of FBP shares in the past three months?

Yes. The filing reports a sale on 06/11/2025 of 22,871 shares for gross proceeds of $467,672.40.

Who is the broker handling the proposed sale listed in the Form 144?

The broker named is Merrill Lynch, address noted as Millenium Park Plaza, Suite 210, Guaynabo, PR.

Does the Form 144 include any undisclosed material company information?

The signer represents they do not know any material adverse information about the issuer that has not been publicly disclosed, as stated in the notice.