Harbor Island Capital linked to FCBM (FCBM) director buys 7,000 IPO shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Carolina Financial Services, Inc. director Paul Charles Albert III reported an indirect purchase of common stock through Harbor Island Capital, LLC. The LLC bought 7,000 shares on June 18, 2026 at $12.50 per share, described as an open‑market or private transaction and noted as part of a directed share program in connection with the company’s initial public offering.
Following this transaction, Harbor Island Capital, LLC held 103,000 shares indirectly attributable to Albert, while he also reported 113,576 shares held directly in a separate entry classified as a holding.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,000 shares ($87,500)
Net Buy
2 txns
Insider
Paul Charles Albert III
Role
null
Bought
7,000 shs ($88K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 7,000 | $12.50 | $88K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 103,000 shares (Indirect, By Harbor Island Capital, LLC);
Common Stock — 113,576 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 7,000 shares
Purchase price: $12.50 per share
Indirect holdings after: 103,000 shares
+1 more
4 metrics
Shares purchased
7,000 shares
Common stock bought on June 18, 2026
Purchase price
$12.50 per share
Price for 7,000 common shares
Indirect holdings after
103,000 shares
Common stock held by Harbor Island Capital, LLC after transaction
Direct holdings after
113,576 shares
Common stock held directly after holding entry
Key Terms
directed share program, initial public offering, open-market purchase, indirect ownership
4 terms
initial public offering financial
"Reflects shares 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.
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.
indirect ownership financial
"direct_or_indirect": "I","nature_of_ownership": "By Harbor Island Capital, LLC""
FAQ
What insider transaction did FCBM disclose for Paul Charles Albert III?
FCBM disclosed that an entity associated with director Paul Charles Albert III, Harbor Island Capital, LLC, purchased 7,000 shares of common stock. The shares were bought on June 18, 2026, as part of a directed share program tied to the company’s initial public offering.
Was the FCBM insider purchase connected to the company’s IPO?
Yes, a footnote states the 7,000-share purchase was made under a directed share program in connection with First Carolina Financial Services, Inc.’s initial public offering. Directed share programs typically allocate IPO shares to selected participants under specified terms.
Is the FCBM transaction a buy or sell, and what code was used?
The Form 4 shows a buy transaction coded “P” for purchase, indicating an open‑market or private acquisition of 7,000 FCBM shares. A separate entry is labeled as a holding, reflecting 113,576 directly held shares with an unknown code but no buy or sell classification.