First BanCorp insider sells 50,000 shares; CEO still owns 1.06M

First BanCorp (FBP) insider transaction: Director and President & CEO Aurelio Aleman reported selling 50,000 shares of First BanCorp common stock on 08/22/2025 at a weighted average price of $22.2985 per share.

Rhea-AI Filing Summary

First BanCorp (FBP) insider transaction: Director and President & CEO Aurelio Aleman reported selling 50,000 shares of First BanCorp common stock on 08/22/2025 at a weighted average price of $22.2985 per share. After the sale, the reporting person beneficially owned 1,059,547 shares, reported as direct ownership. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.

The filing states the shares were sold in multiple transactions at prices ranging from $22.27 to $22.33 and offers to provide a breakdown of the amounts sold at each price upon request.

Positive

• Continued substantial ownership: Reporting person retained 1,059,547 shares after the sale, indicating ongoing alignment with shareholders.
• Clear disclosure: Form 4 specifies the weighted average sale price and the transaction price range ($22.27–$22.33) and offers to provide detailed per-price breakdowns upon request.

Negative

• Insider sale reported: The CEO and director sold 50,000 shares on 08/22/2025, which may prompt investor questions about the reason for the disposition.

Insights

Securities Analyst

TL;DR: CEO/director sold a modest block of shares but retains large direct ownership, making the transaction informationally neutral for most investors.

The sale of 50,000 shares (weighted average price $22.2985) represents a transaction by a named executive who remains a large shareholder with 1,059,547 shares post-sale. The filing provides the required footnote that sales occurred across a narrow price range and commits to supplying detailed breakdowns if requested. From a market-impact perspective, the transaction appears routine: the size relative to total outstanding shares is not disclosed here, and the filing does not indicate a 10b5-1 plan or other planned-sale certification. The signature by an attorney-in-fact is procedural and common for Form 4 filings.

Corporate Governance Expert

TL;DR: Insider disclosed sale with clear pricing range and continues to hold substantial direct equity, supporting alignment with shareholders.

The report meets Section 16 disclosure requirements by specifying the transaction date, amount sold, weighted average price, and resulting beneficial ownership. The filing clarifies the sale occurred in multiple transactions between $22.27 and $22.33 and notes availability of a per-price breakdown. No indication of a planned-sale defence (Rule 10b5-1) is checked on the form, so the sale appears to be an open-market or other unscheduled disposition. Continued direct ownership of over one million shares suggests ongoing alignment with shareholders; however, the filing does not provide context on percent ownership or any change in executive role.

Insider Trade Summary

Net Seller: 50,000 shares

Net Sell 1 txn

Insider ALEMAN AURELIO

Role President and CEO

Sold 50,000 shs ($1.11M)

Type	Security	Shares	Price	Value
Sale	First BanCorp Common Stock, par value $0.10 per share	50,000	$22.2985	$1.11M

Holdings After Transaction: First BanCorp Common Stock, par value $0.10 per share — 1,059,547 shares (Direct)

Footnotes (1)

1. F1. This amount represents the weighted average sale price for the shares, which were sold in multiple transactions on August 22, 2025 at prices ranging from $22.27 to $22.33. Thereporting person undertakes to provide to First BanCorp, any security holder of First BanCorp, or the staff of the Securities and Exchange Commission, upon request, fullinformation regarding the number of shares sold at each separate price within the ranges set forth in footnote (1).

FAQ

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

What did First BanCorp (FBP) insider Aurelio Aleman report on Form 4?

The Form 4 reports Aurelio Aleman sold 50,000 shares on 08/22/2025 at a weighted average price of $22.2985, leaving him with 1,059,547 shares beneficially owned.

At what prices were the FBP shares sold according to the filing?

The filing states the shares were sold in multiple transactions at prices ranging from $22.27 to $22.33, with a weighted average price of $22.2985.

Does the Form 4 indicate the sale was part of a 10b5-1 trading plan?

No box indicating a transaction pursuant to a 10b5-1 plan is checked in the provided filing text.

Who signed the Form 4 for the reporting person?

The Form 4 was signed by an attorney-in-fact, /s/ Adolfo Sepulveda, Esq., on behalf of the reporting person on 08/26/2025.

Where can I get a breakdown of the number of shares sold at each price?

The reporting person offers to provide, upon request to First BanCorp, any security holder, or the SEC staff, the full information on the number of shares sold at each separate price within the stated range.

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

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Accepted by SEC EDGAR 08/26/2025 - 06:01 AM 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^*

ALEMAN AURELIO

(Last) (First) (Middle)

P.O. BOX 9146

(Street)

SAN JUAN PR 00908-0146

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST BANCORP /PR/ [ FBP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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
First BanCorp Common Stock, par value $0.10 per share	08/22/2025		S		50,000	D	$22.2985(1)	1,059,547	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. This amount represents the weighted average sale price for the shares, which were sold in multiple transactions on August 22, 2025 at prices ranging from $22.27 to $22.33. Thereporting person undertakes to provide to First BanCorp, any security holder of First BanCorp, or the staff of the Securities and Exchange Commission, upon request, fullinformation regarding the number of shares sold at each separate price within the ranges set forth in footnote (1).

	/s/ Adolfo Sepulveda, Esq., Attorney-in-Fact	08/26/2025
	** 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.