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  4. [Form 3] First Carolina Financial Services, Inc. Initial Statement of Beneficial Ownership

Sandra Bell Boone discloses 297,782 FCBM shares and long-term RSAs

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

Rhea-AI Filing Summary

First Carolina Financial Services, Inc. director Sandra Bell Boone has reported beneficial ownership of 297,782 shares of common stock. This total includes several grants of restricted stock awards that vest over time, with tranches granted in 2019, 2024, 2025, and 2026 on multi-year schedules tied to grant anniversaries.

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Insider Boone Sandra Bell
Role null
Type Security Shares Price Value
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 297,782 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Total common shares owned 297,782 shares Beneficial ownership reported on Form 3
2019 restricted stock awards 1,000 shares RSAs granted January 1, 2019; vest over 10 years
2024 restricted stock awards 3,646 shares RSAs granted January 1, 2024; 5-year annual vesting
2025 restricted stock awards 4,028 shares RSAs granted January 1, 2025; 5-year annual vesting
2026 one-year vest RSAs 3,314 shares RSAs granted January 1, 2026; vest after one year
2026 five-year vest RSAs 2,686 shares RSAs granted January 1, 2026; 5-year annual vesting
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.
RSAs financial
"3,646 RSAs granted on January 1, 2024 that vest in five substantially equal annual installments"
vest financial
"that vest in ten substantially equal annual installments on the first ten anniversaries"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual installments financial
"that vest in five substantially equal annual installments on the first five anniversaries"
anniversaries of the grant date financial
"on the first five anniversaries of the grant date"
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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*
Boone Sandra Bell
(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 Stock297,782(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) 3,646 RSAs granted on January 1, 2024 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (iii) 4,028 RSAs granted on January 1, 2025 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (iv) 3,314 RSAs granted on January 1, 2026 that vest on the first anniversary of the grant date; and (v) 2,686 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

How many First Carolina Financial Services (FCBM) shares does Sandra Bell Boone report on Form 3?

Sandra Bell Boone reports beneficial ownership of 297,782 shares of First Carolina Financial Services common stock. This figure includes both unrestricted shares and multiple grants of restricted stock awards that vest over several years following their respective grant dates.

What restricted stock awards are included in Sandra Bell Boone’s FCBM holdings?

Her holdings include 1,000 RSAs granted in 2019, 3,646 RSAs granted in 2024, 4,028 RSAs granted in 2025, and two 2026 RSA grants of 3,314 and 2,686 shares. These awards vest in installments over several years.

How do Sandra Bell Boone’s 2019 restricted stock awards in FCBM vest?

The 1,000 restricted stock awards granted on January 1, 2019 vest in ten substantially equal annual installments. Vesting occurs on each of the first ten anniversaries of the original grant date, creating a long-term, gradually vesting equity position.

What is the vesting schedule for Sandra Bell Boone’s 2024 and 2025 FCBM restricted stock awards?

The 3,646 RSAs granted on January 1, 2024 and the 4,028 RSAs granted on January 1, 2025 each vest in five substantially equal annual installments. Vesting occurs on the first five anniversaries of each respective grant date.

How do the 2026 restricted stock awards for Sandra Bell Boone at FCBM vest?

For 2026, 3,314 RSAs granted on January 1, 2026 vest on the first anniversary of the grant date. An additional 2,686 RSAs granted the same day vest in five substantially equal annual installments over the first five anniversaries.

Does Sandra Bell Boone’s Form 3 show any recent FCBM stock purchases or sales?

The disclosure reflects holdings rather than specific purchases or sales, with transaction direction marked as unknown. It primarily establishes Sandra Bell Boone’s beneficial ownership position, including her restricted stock awards and total common shares reported.