[Form 4] FIRST BANCORP /PR/ Insider Trading Activity

Rhea-AI Filing Summary

Reporting person: Dedrick Tracey A, identified as a Director of First BanCorp (FBP). The Form 4 shows three non-derivative acquisitions of First BanCorp common stock executed through the reporting person's personal Dividend Reinvestment Plan.

Transactions: on 03/07/2025 acquired 250.89 shares at $18.5092 (holding 31,544.1093 shares after); on 06/13/2025 acquired 233.176 shares at $20.1627 (holding 31,777.2853); on 09/12/2025 acquired 216.204 shares at $21.91 (holding 31,993.4893). The filer explains these were acquired through a personal DRIP not linked to First BanCorp. The form was filed individually and signed by an attorney-in-fact on 09/16/2025.

Positive

• Director increased beneficial ownership through systematic reinvestment, reaching 31,993.4893 shares after the latest transaction
• Clear disclosure of share counts, transaction prices, and that acquisitions were via a personal DRIP not linked to the issuer

Negative

• None.

Insights

Securities Analyst

TL;DR: Director modestly increased holdings via a personal DRIP across three dates, raising insider ownership gradually.

The transactions are routine purchases under a dividend reinvestment plan and appear to be small incremental acquisitions rather than a concentrated buying campaign. The reported holdings after the last purchase total 31,993.4893 shares. Pricing indicates purchases between $18.5092 and $21.91, reflecting purchases over several months rather than a single event. There is no indication of stock option exercises, dispositions, or linked trading plans in this Form 4.

Corporate Governance Expert

TL;DR: Disclosure is standard and complete for DRIP acquisitions; no governance red flags are apparent from the form.

The reporting person is identified as a director and filed individually, with an explanatory note that the shares came from a personal DRIP not tied to the issuer. The Form 4 lists exact share counts and prices for each transaction and includes a signature by an attorney-in-fact. Absent other filings, these entries are administrative and do not signal a change in board composition or control.

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^*

Dedrick Tracey A

(Last) (First) (Middle)

P.O. 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2025

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	03/07/2025		L		250.89(1)	A	$18.5092	31,544.1093	D
First BanCorp Common Stock, par value $0.10 per share	06/13/2025		L		233.176(1)	A	$20.1627	31,777.2853	D
First BanCorp Common Stock, par value $0.10 per share	09/12/2025		L		216.204(1)	A	$21.91	31,993.4893	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. Represents shares acquired by reporting person through a personal Dividend Reinvestment Plan that is not linked to First BanCorp.

	/s/ Adolfo Sepulveda, Esq., Attorney-in-Fact	09/16/2025
	** 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 transactions did Dedrick Tracey A report on Form 4 for FBP?

The Form 4 reports three DRIP acquisitions: 250.89 shares on 03/07/2025 at $18.5092, 233.176 shares on 06/13/2025 at $20.1627, and 216.204 shares on 09/12/2025 at $21.91.

How many First BanCorp (FBP) shares does the reporting person own after these transactions?

The reporting person beneficially owned 31,544.1093 shares after the first reported purchase, 31,777.2853 after the second, and 31,993.4893 after the third.

Were these purchases part of a company-linked plan or a personal plan?

The filer states these shares were acquired through a personal Dividend Reinvestment Plan (DRIP) that is not linked to First BanCorp.

Who filed and signed the Form 4 for these transactions?

The Form was filed by one reporting person and the signature on the filing is by Adolfo Sepulveda, Esq., Attorney-in-Fact dated 09/16/2025.

Do the reported transactions include derivative securities or dispositions?

No. The Form 4 lists only non-derivative acquisitions (common stock purchases) and shows no dispositions or derivative securities.