What is the directed share program mentioned in the FCBM Form 4 footnote?

The filing notes that the 14,000 purchased shares were bought under a directed share program. This program is described as being connected to First Carolina Financial Services’ initial public offering, allocating shares to certain participants.

FCBM director buys 14,000 IPO program shares

First Carolina Financial Services director Charles Austin Robbins Jr. reported buying additional common stock.

Filing Impact

(Moderate)

Filing Sentiment

(Positive)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

First Carolina Financial Services director Charles Austin Robbins Jr. reported buying additional common stock. He purchased 14,000 shares of common stock at $12.50 per share in an open-market or private transaction, described as part of a directed share program connected to the company’s initial public offering.

After this purchase, Robbins directly owns 369,492 shares of common stock. The filing also shows an indirect holding of 16,000 shares held by his spouse, giving investors a clearer view of his combined direct and family-related ownership in the newly public company.

Insider Trade Summary

Net Buyer: 14,000 shares

Net Buy 2 txns

Insider Robbins Charles Austin Jr

Role Director

Bought 14,000 shs ($175K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	14,000	$12.50	$175K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 369,492 shares (Direct); Common Stock — 16,000 shares (Indirect, By spouse)

Footnotes (1)

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

Key Figures

Shares purchased: 14,000 shares Purchase price: $12.50 per share Direct holdings after transaction: 369,492 shares +2 more

5 metrics

Shares purchased 14,000 shares Common Stock, transaction on 2026-06-18

Purchase price $12.50 per share Open-market or private purchase

Direct holdings after transaction 369,492 shares Common Stock directly owned by Robbins after 2026-06-18

Indirect holdings by spouse 16,000 shares Common Stock held indirectly by spouse

Net buy shares 14,000 shares Net buy direction per transaction summary

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 spouse""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Charles Austin Robbins Jr. report in his Form 4 for FCBM?

He reported a purchase of common stock. Robbins acquired 14,000 First Carolina Financial Services shares at $12.50 each and now directly holds 369,492 shares, with an additional 16,000 shares indirectly owned through his spouse.

How many First Carolina Financial (FCBM) shares did Robbins buy and at what price?

Robbins bought 14,000 common shares at $12.50 per share. The transaction was classified as an open-market or private purchase and tied to a directed share program linked to the company’s initial public offering.

What are Charles Austin Robbins Jr.’s total reported FCBM holdings after this transaction?

After the transaction, he directly owns 369,492 common shares. The filing also lists 16,000 additional shares held indirectly by his spouse, giving a fuller picture of his combined direct and family-related ownership stake.

Was the FCBM insider transaction an open-market buy or another type of trade?

The transaction is classified as an open-market or private purchase. The Form 4 uses transaction code P, indicating a purchase, and the footnote adds that it was executed through a directed share program in connection with the initial public offering.

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

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Accepted by SEC EDGAR 06/22/2026 - 07:03 PM EDT

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^*

Robbins Charles Austin 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/18/2026		P		14,000⁽¹⁾	A	$12.5	369,492	D
Common Stock								16,000	I	By spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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)

Source: View Original Filing on SEC EDGAR