FCBM (FCBM) director adds 19,180 IPO shares via trusts and direct stake

Rhea-AI Filing Summary

First Carolina Financial Services director James A. Lucas Jr reported multiple insider purchases tied to the company’s initial public offering. On June 18, 2026, entities associated with him bought a total of 19,180 shares of common stock at $12.50 per share in open-market transactions.

The purchases were made indirectly through the James A. Lucas Sr Testamentary Trusts C-1, C-2 and C-3, as well as through his direct holdings. Following these trades, direct ownership rose to 439,884 shares, while the three trusts together held more than 76,000 shares. The filing also updates other indirect holdings through The Brother’s Fund LLC, Springfield Development Corp, and his spouse, which are reported as existing positions.

A footnote explains that the reported shares were purchased under a directed share program connected to the company’s initial public offering, indicating participation in the IPO allocation rather than a discretionary trading plan.

Insider Trade Summary

Net Buyer: 19,180 shares

Net Buy 7 txns

Insider LUCAS JAMES A JR

Role Director

Bought 19,180 shs ($240K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	16,000	$12.50	$200K
Purchase	Common Stock	960	$12.50	$12K
Purchase	Common Stock	1,260	$12.50	$16K
Purchase	Common Stock	960	$12.50	$12K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 439,884 shares (Direct); Common Stock — 17,790 shares (Indirect, By James A. Lucas Sr Testamentary Trust C-3); Common Stock — 52,860 shares (Indirect, By James A. Lucas Sr Testamentary Trust C-2); Common Stock — 5,790 shares (Indirect, By James A. Lucas Sr Testamentary Trust C-1); Common Stock — 9,300 shares (Indirect, By spouse); Common Stock — 138,906 shares (Indirect, By Springfield Development Corp); Common Stock — 19,650 shares (Indirect, By The Brother's Fund, LLC)

Footnotes (1)

1. F1. Reflects shares purchased pursuant to a directed share program in connection with the Issuer's initial public offering.

Key Figures

Shares purchased (total): 19,180 shares Purchase price: $12.50 per share Direct holdings after purchase: 439,884 shares +3 more

6 metrics

Shares purchased (total) 19,180 shares Common Stock bought on June 18, 2026 across all P-code entries

Purchase price $12.50 per share Price for all reported P-code common stock purchases

Direct holdings after purchase 439,884 shares Common Stock held directly after June 18, 2026 transaction

Trust C-1 holdings after purchase 5,790 shares Common Stock held by James A. Lucas Sr Testamentary Trust C-1

Trust C-2 holdings after purchase 52,860 shares Common Stock held by James A. Lucas Sr Testamentary Trust C-2

Trust C-3 holdings after purchase 17,790 shares Common Stock held by James A. Lucas Sr Testamentary Trust C-3

Key Terms

directed share program, initial public offering, Testamentary Trust, indirect ownership, +1 more

5 terms

directed share program financial

"Reflects shares purchased pursuant to a directed share program in connection with the Issuer's initial public offering"

initial public offering financial

"purchased pursuant to a directed share program in connection with the Issuer's initial public offering"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

Testamentary Trust financial

"By James A. Lucas Sr Testamentary Trust C-1"

indirect ownership financial

"ownership_type": "indirect", "ownership_code": "I""

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 07:03 PM Accepted by SEC EDGAR 06/22/2026 - 07:03 PM Learn about SEC filing dates

FAQ

What insider activity did FCBM director James A. Lucas Jr report?

He reported buying common stock through several related entities. On June 18, 2026, trusts and his direct account acquired 19,180 shares at $12.50 per share, updating both direct and indirect ownership positions in First Carolina Financial Services.

How many FCBM shares does James A. Lucas Jr now hold directly and indirectly?

After the reported transactions, he directly holds 439,884 common shares. Indirectly, various entities including three testamentary trusts, The Brother’s Fund LLC, Springfield Development Corp, and his spouse together report additional holdings, with several positions individually exceeding 10,000 shares.

At what price were the FCBM shares purchased in this Form 4 filing?

All reported purchases were made at $12.50 per share. This price applies to the 19,180 common shares acquired on June 18, 2026, across direct holdings and three James A. Lucas Sr Testamentary Trusts identified in the insider trading report.

What is the significance of the directed share program mentioned for FCBM?

The footnote states the shares were bought through a directed share program connected to the initial public offering. This means allocations were made as part of the IPO process, rather than purely discretionary market trades, giving affiliated investors access to the offering.

Which entities associated with James A. Lucas Jr hold FCBM shares?

Reported holders include The Brother’s Fund LLC, Springfield Development Corp, the James A. Lucas Sr Testamentary Trusts C-1, C-2, and C-3, and his spouse. These entities collectively represent his indirect ownership positions alongside his substantial direct stake.

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^*

LUCAS JAMES A JR

(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. Issuer Name and Ticker or Trading Symbol
First Carolina Financial Services, Inc. [ FCBM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Common Stock	06/18/2026		P		16,000(1)	A	$12.5	439,884	D
Common Stock	06/18/2026		P		960(1)	A	$12.5	17,790	I	By James A. Lucas Sr Testamentary Trust C-3
Common Stock	06/18/2026		P		1,260(1)	A	$12.5	52,860	I	By James A. Lucas Sr Testamentary Trust C-2
Common Stock	06/18/2026		P		960(1)	A	$12.5	5,790	I	By James A. Lucas Sr Testamentary Trust C-1
Common Stock								9,300	I	By spouse
Common Stock								138,906	I	By Springfield Development Corp
Common Stock								19,650	I	By The Brother's Fund, LLC

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. Reflects shares purchased pursuant to a directed share program in connection with the Issuer's initial public offering.

	/s/ Kristen Brabble, as attorney-in-fact	06/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)