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First Carolina Financial (FCBM) director reports 318,016 common shares and RSAs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

First Carolina Financial Services, Inc. director John Walter Gussenhoven filed an initial ownership report showing beneficial ownership of 318,016 shares of Common Stock held directly. This total includes several restricted stock awards that vest over multi-year schedules.

The holdings include 1,000 restricted stock awards granted on January 1, 2019 that vest in ten substantially equal annual installments, 3,806 awards granted on January 1, 2024 that vest in five substantially equal annual installments, 5,172 awards granted on January 1, 2025 that vest in five substantially equal annual installments, 2,800 awards granted on January 1, 2026 that vest on the first anniversary of the grant date, and 3,700 awards granted on January 1, 2026 that vest in five substantially equal annual installments.

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Insider Gussenhoven John Walter
Role null
Type Security Shares Price Value
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 318,016 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Common Stock beneficially owned 318,016 shares Total shares following transaction (Form 3, direct ownership)
2019 restricted stock awards 1,000 RSAs Granted January 1, 2019; vest in ten annual installments
2024 restricted stock awards 3,806 RSAs Granted January 1, 2024; vest in five annual installments
2025 restricted stock awards 5,172 RSAs Granted January 1, 2025; vest in five annual installments
2026 one-year RSAs 2,800 RSAs Granted January 1, 2026; vest on first anniversary
2026 five-year RSAs 3,700 RSAs Granted January 1, 2026; vest in five annual installments
restricted stock awards financial
"Includes (i) 1,000 restricted stock awards ("RSAs") granted on January 1, 2019..."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
vest in ten substantially equal annual installments financial
"RSAs granted on January 1, 2019 that vest in ten substantially equal annual installments..."
vest in five substantially equal annual installments financial
"RSAs granted on January 1, 2024 that vest in five substantially equal annual installments..."
grant date financial
"on the first five anniversaries of the grant date; (iv) 2,800 RSAs granted..."
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Gussenhoven John Walter
(Last)(First)(Middle)
C/O FIRST CAROLINA FINANCIAL SERVICES
2626 GLENWOOD AVENUE SUITE 200
(Street)
RALEIGH NORTH CAROLINA 27608
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
06/17/2026		3. Issuer Name and Ticker or Trading Symbol
First Carolina Financial Services, Inc. [ FCBM ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock318,016(1)D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes (i) 1,000 restricted stock awards ("RSAs") granted on January 1, 2019 that vest in ten substantially equal annual installments on the first ten anniversaries of the grant date; (ii) 3,806 RSAs granted on January 1, 2024 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (iii) 5,172 RSAs granted on January 1, 2025 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (iv) 2,800 RSAs granted on January 1, 2026 that vest on the first anniversary of the grant date; and (v) 3,700 RSAs granted on January 1, 2026 that vest in five substantially equal annual installments on the first five anniversaries of the grant date.
Remarks:
Exhibit 24.1 - Power of Attorney
/s/ Kristen Brabble, as attorney-in-fact06/17/2026
** Signature of Reporting PersonDate
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 5 (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.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does the Form 3 filing by John Walter Gussenhoven for FCBM show?

The Form 3 shows that director John Walter Gussenhoven beneficially owns 318,016 shares of Common Stock of First Carolina Financial Services, Inc., held directly, including several restricted stock awards that vest over time under specified schedules.

How many First Carolina Financial (FCBM) shares does Gussenhoven report owning?

Gussenhoven reports beneficial ownership of 318,016 shares of Common Stock. This figure includes time-based restricted stock awards granted in 2019, 2024, 2025, and 2026 with various multi-year vesting provisions described in the filing footnote.

What restricted stock awards are included in Gussenhoven’s FCBM holdings?

His holdings include 1,000 RSAs from January 1, 2019, 3,806 RSAs from January 1, 2024, 5,172 RSAs from January 1, 2025, 2,800 RSAs from January 1, 2026, and 3,700 RSAs from January 1, 2026, all with defined vesting schedules.

How do the 2019 and 2024 FCBM restricted stock awards vest for Gussenhoven?

The 1,000 RSAs granted January 1, 2019 vest in ten substantially equal annual installments. The 3,806 RSAs granted January 1, 2024 vest in five substantially equal annual installments on each of the first five anniversaries of the grant date.

What are the vesting terms for Gussenhoven’s 2025 and 2026 FCBM restricted stock awards?

The 5,172 RSAs granted January 1, 2025 vest in five substantially equal annual installments. The 2,800 RSAs granted January 1, 2026 vest on the first anniversary, and the 3,700 RSAs granted January 1, 2026 vest in five substantially equal annual installments.