First Citizens (FCNCA) Form 4: Trust and Depositary Share Holdings

Rhea-AI Filing Summary

Olivia B. Holding filed a Form 4 reporting indirect holdings of both Class A and Class B common stock of First Citizens BancShares, Inc. (FCNCA) and related depositary shares. The filing identifies the reporting person as a director and lists substantial indirect positions: 537,667 Class A shares held by the Olivia B. Holding Revocable Trust and 121,926 Class B shares held by the same trust, plus additional indirect holdings through multiple entities and trusts (including 192,063 Class A by Southern BancShares (N.C.), Inc., 174,469 Class A by YVC Holdings, Inc., and others). The report also lists depositary shares of the issuer's preferred stock held indirectly (22,000, 198,945, and 200,000 by named entities). The filer disclaims beneficial ownership of listed shares except to the extent of any pecuniary interest, and the form notes each depositary share represents a 1/40th interest in the issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.

Positive

• Transparent disclosure of indirect holdings across trusts and entities, including 537,667 Class A and 121,926 Class B shares.
• Clarification on depositary shares: each depositary share represents a 1/40th interest in the issuer's 5.375% Series A preferred stock.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine Form 4 disclosing extensive indirect holdings via trusts and entities, with large disclosed positions in Class A, Class B, and depositary shares.

The filing is a detailed ownership disclosure rather than a clear purchase or sale signaling a change in control. The most prominent positions are 537,667 Class A shares and 121,926 Class B shares held indirectly by the Olivia B. Holding Revocable Trust, plus sizable holdings reported for related entities. The report includes multiple indirect holdings across trusts and corporate entities, which is typical for family and estate-related ownership structures. The explanatory note explicitly disclaims direct beneficial ownership except for pecuniary interest, which is material for Section 16 interpretation. Impact rating: 0 (neutral).

Corporate Governance Expert

TL;DR: Comprehensive insider disclosure reflects complex, indirect ownership through trusts and entities, and includes depositary shares tied to Series A preferred.

The form identifies the reporting person as a director and documents indirect interests held through several trusts and entities, detailing counts for Class A, Class B, and depositary shares. The statement that each depositary share equals a 1/40th interest in the Series A preferred is explicit and clarifies the preferred exposure. The filer’s disclaimer of beneficial ownership is standard for multi-entity family holdings. This filing is informational for governance and compliance but does not by itself indicate a material corporate action. Impact rating: 0 (neutral).

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
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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^*

Holding Olivia Britton

(Last) (First) (Middle)

POST OFFICE BOX 1352

(Street)

SMITHFIELD NC 27577

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST CITIZENS BANCSHARES INC /DE/ [ FCNCA ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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
Class B Common	08/07/2025		P		409	A	$1,630	1,764	I(1)	By Twin States Farming, Inc.
Class A Common								537,667	I	By Olivia B. Holding Revocable Trust
Class A Common								10,544	I	As beneficiary of a trust
Class A Common								12,152	I	CoTrustee of P. M. Bristow 2019 Irr Family Trust
Class A Common								2,675	I(1)	By Holding Properties, LLC
Class A Common								827	I(1)	By E&F Properties, Inc.
Class A Common								12,530	I(1)	By Twin States Farming, Inc.
Class A Common								192,063	I(1)	By Southern BancShares (N.C.), Inc and subsidiary
Class A Common								174,469	I(1)	By YVC Holdings, Inc.
Class A Common								100,000	I(1)	By Fidelity BancShares (N.C.), Inc.
Class B Common								121,926	I	By Olivia B. Holding Revocable Trust
Class B Common								1,225	I	As beneficiary of a trust
Class B Common								2,156	I(1)	By Holding Properties, LLC
Class B Common								200	I(1)	By E&F Properties, Inc.
Class B Common								22,619	I(1)	By Southern BancShares (N.C.), Inc.
Class B Common								4,480	I(1)	By YVC Holdings, Inc.
Depositary Shares(2)								22,000	I(1)	By Holding Properties, LLC
Depositary Shares(2)								198,945	I(1)	By Southern BancShares (N.C.), Inc.
Depositary Shares(2)								200,000	I(1)	By Fidelity BancShares (N.C.), Inc.

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 is a director, officer, manager and/or shareholder of the companies that own these shares, but she disclaims beneficial ownership of the listed shares except to the extent of her pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

2. Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.

	Olivia B. Holding, By: E. Knox Proctor V , Attorney-in-fact	08/11/2025
	** 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.

FAQ

What did the FCNCA Form 4 filed by Olivia B. Holding disclose?

The form discloses indirect holdings of FCNCA stock and depositary shares, notably 537,667 Class A shares and 121,926 Class B shares held by the Olivia B. Holding Revocable Trust, plus additional holdings by related entities and trusts.

Is the reporting person identified as an insider of FCNCA?

Yes; the filing identifies the reporting person as a director of the issuer.

How many depositary shares are reported and what do they represent?

The filing lists depositary shares held indirectly: 22,000, 198,945, and 200,000 by named entities, and states each depositary share represents a 1/40th interest in the issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.

Does the filer claim direct beneficial ownership of the disclosed shares?

The filer includes an explanatory note disclaiming beneficial ownership of the listed shares except to the extent of any pecuniary interest.

Are the disclosed holdings direct or indirect?

Most positions are reported as indirect (I), held through trusts and corporate entities such as the Olivia B. Holding Revocable Trust, Southern BancShares (N.C.), Inc., YVC Holdings, Inc., and others.