[Form 4] First Citizens BancShares Inc Insider Trading Activity

Rhea-AI Filing Summary

On 31-Jul-2025, 10% owner Olivia B. Holding filed a Form 4 for First Citizens BancShares (FCNCA). She bought 66 Class B common shares on 29-Jul-2025 at $1,735 each, a cash outlay of roughly $115 k. The purchase was coded “P,” indicating an open-market buy and no shares were sold. Following the trade, she now reports 121,926 Class B shares held indirectly through her revocable trust plus the newly acquired shares.

The filing also reiterates substantial indirect ownership: about 1.04 million Class A shares, an additional 34,000+ Class B shares through affiliated family entities and trusts, and 420,945 preferred-equivalent depositary shares, though she disclaims beneficial ownership beyond her pecuniary interest. No derivative positions or 10b5-1 trading plans were disclosed. Overall, the document reflects a small incremental insider purchase that mildly increases an already large stake without altering the broader ownership structure.

Positive

• Insider purchase: 66 Class B shares bought at $1,735 signals confidence.
• No insider sales: Filing shows only acquisitions, reinforcing a neutral-to-positive sentiment.

Negative

• Purchase size is immaterial: adds less than 0.1% to insider’s total holdings, limiting market significance.

Insights

Securities Analyst

TL;DR – Minor purchase; signals confidence but immaterial to ownership base.

The $115 k buy (66 Class B shares) is negligible versus the insider’s indirect control of ~1 mm Class A and 150 k+ Class B shares. No sales, derivatives, or 10b5-1 plan were reported, so the action reflects discretionary buying. While insider purchases are typically read as bullish, the <1% increase to her Class B position limits valuation impact. I view the filing as sentiment-positive but financially neutral for FCNCA shareholders.

Corporate Governance Expert

TL;DR – Filing clean; no red flags, routine compliance.

The report is timely, clearly itemized, and includes standard pecuniary-interest disclaimers. Absence of complex derivatives or pre-arranged plans simplifies oversight. With only one direct transaction, board-level governance risk is unchanged. The sizeable existing holdings continue to align insider and shareholder interests.

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^*

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)
07/29/2025

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	07/29/2025		P		66	A	$1,735	121,926	I	By Olivia B. Holding Revocable Trust
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								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								1,355	I(1)	By Twin States Farming, 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	07/31/2025
	** 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 FCNCA insider Olivia B. Holding buy on 29-Jul-2025?

She purchased 66 Class B common shares at $1,735 each.

How many FCNCA shares does Olivia B. Holding own after the transaction?

She reports 121,926 Class B shares via trust plus over 1.04 million Class A shares through affiliated entities.

Were any FCNCA shares sold in this Form 4 filing?

No. The filing lists only an open-market purchase; no dispositions were reported.

Did the filing disclose a Rule 10b5-1 trading plan?

No. The relevant checkbox was left blank, indicating the trade was not under a 10b5-1 plan.

Are there any derivative securities reported in this Form 4?

No derivative positions were listed in Table II.