[Form 4] First Community Corp Insider Trading Activity

Rhea-AI Filing Summary

Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc. (NYSE: C), has filed a Rule 424(b)(2) pricing supplement for a small ($514,000 total) issuance of Autocallable Securities Linked to the Worst Performing of the Nasdaq-100 Index and the S&P 500 Index. The notes are part of the issuer’s Medium-Term Senior Notes, Series N program.

Key structural terms

• Stated principal: $1,000 per note; issue price equals par.
• Tenor: up to three years, pricing 30-Jun-2025, maturity 06-Jul-2028 unless called.
• Automatic early redemption: triggered on any of the first two annual valuation dates if the worst-performing underlying closes at or above its initial level. Redemption amount equals par plus a fixed premium of 11.15% (year 1) or 22.30% (year 2).
• Final payout if not redeemed: • Par + 33.45% premium if the worst performer closes ≥ initial level on the final valuation date.
  • Par only if final level is < initial but ≥ barrier (70% of initial).
  • 1-for-1 downside exposure below the barrier, potentially losing the entire principal.
• Underlyings & initial levels (30-Jun-2025): Nasdaq-100 22,679.01; S&P 500 6,204.95. Barrier levels are therefore 15,875.307 and 4,343.465 respectively.
• Listing: None; liquidity will rely solely on Citigroup Global Markets Inc. (CGMI) making a market.
• Estimated value: $983.00 (1.7% below issue price) reflecting internal funding rate and hedging costs; underwriting fee up to $12 per note.

Risk highlights

• No interest payments; limited upside to fixed premiums.
• Full downside to worst-performing index below 70% barrier; no basket averaging.
• Credit exposure to both Citigroup Global Markets Holdings Inc. and Citigroup Inc.
• No secondary exchange listing; investors may face illiquidity and bid/ask discounts.
• Estimated value below issue price points to negative carry at inception.

Materiality: Given Citigroup’s multi-billion-dollar balance sheet, the $0.5 million issuance is immaterial to shareholders. The document is chiefly relevant to prospective note purchasers seeking equity-linked yield with contingent protection.

Insights

Structured-Product Analyst

TL;DR Small, equity-linked notes offer 11-33% fixed upside, 70% barrier, but full downside and illiquidity; neutral for Citigroup, high risk for buyers.

The structure is a classic worst-of autocall with annual observation dates. Premiums aggregate to 33.45% maximum versus three-year horizon, translating to a simple yield ceiling of roughly 10% per annum if held to maturity. Because upside is capped while downside is uncapped below a 30% drawdown, risk/reward skews toward Citigroup. From a funding standpoint, the $514k proceeds are trivial for the bank and will not affect leverage, liquidity or earnings. Credit risk to investors remains investment-grade (A/A3), but noteholders rank pari passu with other senior debt. Estimated value is 1.7% under issue price, consistent with typical distribution costs. Overall company impact: neutral.

Risk Analyst

TL;DR Product embeds significant tail risk via 1-for-1 downside below 70% barrier; reliance on single worst index magnifies volatility.

Diversification benefit is absent because pay-off references the lowest performer. Historical correlation between NDX and SPX is high but not perfect; dispersion events could trigger barrier breach even if one index performs well. Liquidity risk is non-trivial: no listing, dealer market-making discretionary, bid/offer likely wide, especially in stressed markets. The 11-22-33% premiums are respectable versus today’s low-volatility implieds but compensate mainly for the embedded short-put position investors assume. Tax treatment as prepaid forward remains untested, adding complexity. From an enterprise standpoint, issuance diversifies funding but is economically de minimis; classification: not impactful.

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^*

CHAO CHIMIN J

(Last) (First) (Middle)

C/O FIRST COMMUNITY CORP

P O BOX 64

(Street)

LEXINGTON SC 29071

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST COMMUNITY CORP /SC/ [ FCCO ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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

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

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

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	06/30/2025		A		228(1)	A	$24.32(1)	58,821(2)	D
Common Stock								42,983	I	By Yuhjen Jane Caho Family Trust

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. The reporting person has elected to defer compensation in the form of deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"). Pursuant to the terms of the Plan, the reporting person was credited with 228 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the second quarter of 2025 divided by the First Community Corporation common stock consolidated closing bid price of $24.32 on June 30, 2025.

2. Includes 50,340 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 310 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the second quarter of 2025. Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units, and shares of First Community Corporation common stock will be issued on a one-for-one basis in respect of deferred stock units upon a distribution from the Plan.

	/s/ D. SHAWN JORDAN, AS ATTORNEY-IN-FACT	07/02/2025
	** Signature of Reporting Person	Date
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