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

First Carolina (NASDAQ: FCBM) director reports direct and indirect share holdings

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

Rhea-AI Filing Summary

First Carolina Financial Services director Paul Charles Albert III has filed an initial Form 3 reporting his ownership of the company’s common stock. The filing shows indirect ownership of 96,000 shares held by Harbor Island Capital, LLC, and direct ownership of 113,576 shares.

The direct holdings include several grants of restricted stock awards that vest over time, with awards granted on January 1 of 2019, 2024, 2025, and 2026 under varying multi‑year vesting schedules.

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Insider Paul Charles Albert III
Role null
Type Security Shares Price Value
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 113,576 shares (Direct, null); Common Stock — 96,000 shares (Indirect, By Harbor Island Capital, LLC)
Footnotes (1)
  1. [object Object]
Indirect common shares 96,000 shares Indirect ownership by Harbor Island Capital, LLC as of Form 3
Direct common shares 113,576 shares Direct ownership as of Form 3
2019 RSA grant 10,000 shares Restricted stock awards granted January 1, 2019
2024 RSA grant 6,048 shares Restricted stock awards granted January 1, 2024
2025 RSA grant 6,600 shares Restricted stock awards granted January 1, 2025
2026 RSA grant (single-year vest) 5,086 shares Restricted stock awards granted January 1, 2026, vesting after one year
2026 RSA grant (five-year vest) 4,914 shares Restricted stock awards granted January 1, 2026, vesting over five years
Form 3 regulatory
"First Carolina Financial Services director Paul Charles Albert III has filed an initial Form 3 reporting his ownership"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
restricted stock awards financial
"The direct holdings include several grants of restricted stock awards that vest over time"
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
"Includes (i) 10,000 restricted stock awards ("RSAs") granted on January 1, 2019"
indirect ownership financial
"The filing shows indirect ownership of 96,000 shares held by Harbor Island Capital, LLC"
Harbor Island Capital, LLC financial
"indirect ownership of 96,000 shares held by Harbor Island Capital, LLC"
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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*
Paul Charles Albert III
(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 Stock113,576(1)D
Common Stock96,000IBy Harbor Island Capital, LLC
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) 10,000 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) 6,048 RSAs granted on January 1, 2024 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (iii) 6,600 RSAs granted on January 1, 2025 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (iv) 5,086 RSAs granted on January 1, 2026 that vest on the first anniversary of the grant date; and (v) 4,914 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 Paul Charles Albert III at FCBM report?

The Form 3 filing reports Paul Charles Albert III’s initial ownership of First Carolina Financial Services common stock, including 96,000 shares held indirectly through Harbor Island Capital, LLC and 113,576 shares held directly, some of which are restricted stock awards that vest over multiple years.

How many First Carolina Financial Services (FCBM) shares does Paul Charles Albert III hold directly and indirectly?

He reports indirect ownership of 96,000 shares of First Carolina Financial Services common stock through Harbor Island Capital, LLC and direct ownership of 113,576 shares. The direct total includes multiple restricted stock award grants with different vesting terms and schedules disclosed in the filing footnote.

What restricted stock awards are included in Paul Charles Albert III’s FCBM direct holdings?

His direct holdings include 10,000 restricted stock awards granted January 1, 2019, plus additional RSAs of 6,048 in 2024, 6,600 in 2025, and two 2026 grants of 5,086 and 4,914 shares, all subject to specified multi‑year vesting schedules outlined in the filing.

Does the FCBM Form 3 show any recent stock purchases or sales by Paul Charles Albert III?

No specific purchases or sales are identified; the Form 3 primarily reports his existing holdings in First Carolina Financial Services common stock, both direct and indirect. The transactions are coded as holdings entries rather than open‑market buys, sells, or derivative exercises.

How are indirect FCBM shares held for Paul Charles Albert III structured?

The filing shows 96,000 First Carolina Financial Services common shares held indirectly, described as "By Harbor Island Capital, LLC." This indicates the shares are owned through that entity rather than in his individual name, reflecting an indirect ownership structure in the disclosure.