[Form 4] First BanCorp. Insider Trading Activity

Donald Kafka, an Executive Vice President and director of First BanCorp (FBP), reported a sale of 40,000 shares of First BanCorp common stock on 08/12/2025.

Rhea-AI Filing Summary

Donald Kafka, an Executive Vice President and director of First BanCorp (FBP), reported a sale of 40,000 shares of First BanCorp common stock on 08/12/2025. The form lists a weighted average sale price of $20.9936 and notes the shares were sold in multiple transactions at prices ranging from $20.90 to $21.055.

After the reported sale, the reporting person beneficially owned 63,810 shares on a direct basis. The filing also states the reporting person will provide full details on the number of shares sold at each separate price within the stated ranges upon request.

Insights

Securities Analyst

TL;DR: EVP and director sold 40,000 shares at a ~$21 weighted average, leaving 63,810 shares; appears to be a routine disclosed sale.

The report shows a direct sale transaction coded as a sale with a weighted average price of $20.9936 executed in multiple trades at prices between $20.90 and $21.055. The insider retains 63,810 shares after the sale. Without additional context such as historical insider activity or percentage ownership relative to outstanding shares, this sale is a disclosed reduction in holdings but not, by itself, clearly material to the company’s capital structure.

Corporate Governance Expert

TL;DR: Officer sale reduces direct holdings but disclosure follows required Form 4 conventions; no governance change reported.

The filing identifies the reporting person as an officer (EVP) and director, and documents a direct sale of 40,000 shares. The explanatory note states the sale occurred across multiple transactions and commits to provide detailed per-price quantities if requested, which supports transparency. There are no indications in the form of any change in roles, plans, or arrangements affecting governance.

Insider Trade Summary

Net Seller: 40,000 shares

Net Sell 1 txn

Insider Kafka Donald

Role EVP

Sold 40,000 shs ($840K)

Type	Security	Shares	Price	Value
Sale	First BanCorp Common Stock, par value $0.10 per share	40,000	$20.9936	$840K

Holdings After Transaction: First BanCorp Common Stock, par value $0.10 per share — 63,810 shares (Direct)

Footnotes (1)

1. F1. This amount represents the weighted average sale price for the shares, which were sold in multiple transactions on Augsut 12, 2025 at prices ranging from $20.90 to $21.055.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).

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Accepted by SEC EDGAR 08/14/2025 - 02:30 PM 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^*

Kafka Donald

(Last) (First) (Middle)

PO BOX 9146

(Street)

SAN JUAN PR 00908

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		S		40,000	D	$20.9936(1)	63,810	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 Augsut 12, 2025 at prices ranging from $20.90 to $21.055.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	08/14/2025
	** 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.