First BanCorp (FBP) EVP McDonald sells 34,122 shares at $22.11 average

Rhea-AI Filing Summary

First BanCorp (FBP) executive Michael McDonald reported a stock sale. On January 28, 2026, the EVP sold 34,122 shares of First BanCorp common stock in open-market transactions at a weighted average price of $22.11 per share, with individual trade prices ranging from $21.97 to $22.20.

After these sales, McDonald beneficially owns 62,937 shares of First BanCorp common stock in direct ownership. The footnote explains that detailed trade-by-trade pricing information is available to the company, its security holders, or the SEC staff upon request.

Insider Trade Summary

Net Seller: 34,122 shares ($754,437)

Net Sell 1 txn

Insider McDonald Michael

Role EVP

Sold 34,122 shs ($754K)

Type	Security	Shares	Price	Value
Sale	First BanCorp Common Stock, par value $0.10 per share	34,122	$22.11	$754K

Holdings After Transaction: First BanCorp Common Stock, par value $0.10 per share — 62,937 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

McDonald Michael

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

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	01/28/2026		S		34,122	D	$22.11(1)	62,937	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 January 28, 2026 at prices ranging from $21.97 to $22.20. The reporting person undertakes to provide to First BanCorp, any security holder of First BanCorp, or the staff of the Securities and Exchange Commission, upon request, full information 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	01/29/2026
	** 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 did First BanCorp (FBP) report for Michael McDonald?

First BanCorp EVP Michael McDonald reported selling 34,122 shares of First BanCorp common stock on January 28, 2026. The sales were disclosed on a Form 4 insider filing, detailing the transaction code, pricing, and share balances after the trades.

At what price did the First BanCorp (FBP) EVP sell his shares?

The EVP sold his First BanCorp shares at a weighted average price of $22.11 per share. Individual trades on January 28, 2026 occurred at prices ranging from $21.97 to $22.20, according to the footnote in the Form 4 filing.

How many First BanCorp (FBP) shares does the EVP own after the sale?

Following the reported sale, EVP Michael McDonald beneficially owns 62,937 shares of First BanCorp common stock. The Form 4 indicates these holdings are held directly, reflecting his updated ownership position after the January 28, 2026 transactions.

What does the Form 4 transaction code 'S' mean for First BanCorp (FBP)?

In the First BanCorp Form 4, transaction code “S” indicates an open-market or private sale of securities. Here, it shows the EVP sold 34,122 common shares, providing transparency into insider selling activity for investors reviewing ownership changes.

Can investors see the exact trade prices for the First BanCorp (FBP) insider sale?

Yes. The footnote states the EVP will provide full information on each separate trade price upon request. Shares were sold between $21.97 and $22.20, and detailed price breakdowns are available to First BanCorp, its security holders, or SEC staff.

What role does Michael McDonald hold at First BanCorp (FBP) in this Form 4?

Michael McDonald is identified as an officer of First BanCorp, serving as Executive Vice President (EVP). The Form 4 reflects his status as a reporting person required to disclose transactions in First BanCorp common stock under Section 16 rules.