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

Rhea-AI Filing Summary

Juan Acosta Rebeyras, a director of First BanCorp (FBP), reported insider transactions dated 09/30/2025. He disposed of 189 shares at $22.05 per share through a sale coded F and acquired 1,814 shares at $22.05 under code A. Following the transactions his beneficial ownership rose to 24,515 shares from 22,701. The filing explains 189 shares were withheld to cover taxes on restricted stock that vested on 09/30/2025, and the 1,814 shares are newly issued restricted stock that will vest on 09/30/2026 solely by passage of time under the First BanCorp Omnibus Incentive Plan.

Positive

• 1,814 new restricted shares issued to the director, showing retention alignment
• Restricted shares vest solely by time on 09/30/2026, indicating clear vesting terms

Negative

• 189 shares were withheld/sold to cover taxes on vested restricted stock, reducing immediate ownership
• Filing shows no derivative holdings; limited liquidity events may be small relative to total holdings

Insights

Corporate Governance Expert

Insider received time‑vesting restricted stock; small tax withholding sale occurred.

The filing shows a typical equity compensation event: 1,814 shares were issued as restricted stock that vest on 09/30/2026 solely by time-based vesting, indicating retention incentives rather than performance conditions.

The 189 shares sold at $22.05 were withheld to satisfy taxes on the vested award, a common administrative step that reduces net beneficial ownership modestly.

Insider Transactions Analyst

Net change increases reported beneficial ownership to 24,515 shares after transactions.

Transactions dated 09/30/2025 record a disposal of 189 shares and an acquisition of 1,814 shares, both at $22.05. The net effect is an increase of 1,814 - 189 = 1,625 shares, raising total reported holdings to 24,515.

There are no derivative or option transactions reported, and the filing was signed by an attorney‑in‑fact on 10/02/2025.

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).

1. Name and Address of Reporting Person^*

ACOSTA REBOYRAS JUAN

(Last) (First) (Middle)

PO 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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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.	09/30/2025		F		189(1)	D	$22.05	22,701	D
First BanCorp Common Stock, par value $0.10 per share.	09/30/2025		A		1,814(2)	A	$22.05	24,515	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. Shares withheld to cover taxes related to restricted stock vested on September 30, 2025 pursuant to the terms of the restricted stock award made on September 30, 2024.

2. Represents shares of restricted stock issued on September 30, 2025 pursuant to the First BanCorp Omnibus Incentive Plan, as amended, which vest solely on the basis of the passage of time over a one-year period on September 30, 2026.

	/s/ Adolfo Sepulveda, Esq., Attorney-in-Fact	10/02/2025
	** 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 Juan Acosta Rebeyras report for FBP on 09/30/2025?

He reported a disposal of 189 shares at $22.05 and an acquisition of 1,814 restricted shares at $22.05 on 09/30/2025.

Why were 189 shares sold in the Form 4?

The filing states 189 shares were withheld to cover taxes related to restricted stock that vested on 09/30/2025.

When do the newly issued restricted shares vest?

The 1,814 restricted shares vest solely by passage of time on 09/30/2026 under the First BanCorp Omnibus Incentive Plan.

What is the reporting person's role at First BanCorp?

Juan Acosta Rebeyras is identified as a director of First BanCorp.

What is the director's total beneficial ownership after the transactions?

Following the reported transactions the director beneficially owned 24,515 shares.