First Citizens (NASDAQ: FCNCA) director logs 620-share GRAT gift transfers

Rhea-AI Filing Summary

FIRST CITIZENS BANCSHARES INC /DE/ director Ellen R. Alemany reported trust-related gifts of Class A Common stock, not open-market trades. A March 2024 GRAT #1 transferred a total of 620 Class A Common shares as bona fide gifts on March 13, 2026 at a stated price of $0.00 per share.

According to the filing, 310 shares were distributed from the March 2024 GRAT #1 to the Alemany Family Non-GST Exempt Trust, which now holds 4,660 Class A Common shares indirectly, and 1,985 Class A Common shares were previously distributed from the GRAT to Alemany and are reported as directly owned. Additional holdings include 4,559 Class A Common shares held indirectly through a Family GST Exempt Trust, various GRATs holding Class A Common shares, 30,000 shares of Class C Preferred Stock directly, and 300 Depositary Shares directly.

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

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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^*

Alemany Ellen R

(Last) (First) (Middle)

4300 SIX FORKS ROAD

(Street)

RALEIGH NC 27609

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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 A Common	03/13/2026		G		310	A	$0	4,660(1)	I	Family Non-GST Exempt Trust
Class A Common	03/13/2026		G		310	D	$0	0(1)(2)	I	March 2024 GRAT #1
Class A Common								1,985(2)	D
Class A Common								4,559	I	Family GST Exempt Trust
Class C Preferred Stock								30,000	D
Class A Common								1,325	I	Alemany August 2024 GRAT
Class A Common								4,716	I	Alemany September 2025 GRAT
Depositary Shares(3)								300	D

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. In connection with the termination of the March 2024 GRAT #1 ( the "GRAT") on March 13, 2026, 310 shares of Class A Common Stock were distributed to the Alemany Family Non-GST Exempt Trust and continue to be reported on this Form 4 as indirectly owned.

2. On March 12, 2026, 1,985 shares of indirectly owned Class A Common Stock were distributed from the March 2024 GRAT (the "GRAT") to the reporting person and are reported in this Form 4 as directly owned.

3. Each Depositary Share represents a 1/100th interest in a share of the Issuer's 7% Non-Cumulative Perpetual Preferred Stock, Series D.

	Ellen R. Alemany, By: E. Knox Proctor V, Attorney-in-fact	03/17/2026
	** 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).
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FAQ

What insider transactions did Ellen R. Alemany report for FIRST CITIZENS BANCSHARES (FCNCA)?

Ellen R. Alemany reported bona fide gifts totaling 620 Class A Common shares tied to the termination of a March 2024 GRAT. These were trust-related transfers at a reported price of $0.00 per share, not open-market purchases or sales.

Were the FCNCA transactions by Ellen R. Alemany open-market buys or sells?

No, the reported FCNCA transactions were coded as bona fide gifts, not open-market trades. Shares were distributed from a March 2024 GRAT to trusts and to Alemany, reflecting estate and trust movements rather than discretionary buying or selling in the market.

How many FCNCA Class A Common shares were transferred in the reported gifts?

The filing shows total gifts of 620 Class A Common shares. One 310-share block was distributed from the March 2024 GRAT to the Alemany Family Non-GST Exempt Trust, with another 310-share transfer also reported in connection with the GRAT’s termination.

What FCNCA Class A Common holdings does Ellen R. Alemany report after these transactions?

After these movements, Alemany reports 1,985 Class A Common shares held directly. Indirect holdings include 4,660 shares in the Alemany Family Non-GST Exempt Trust, 4,559 shares in a Family GST Exempt Trust, and additional shares in August 2024 and September 2025 GRATs.

What preferred and depositary share positions does Ellen R. Alemany report in FCNCA?

The filing lists 30,000 shares of Class C Preferred Stock held directly and 300 Depositary Shares held directly. Each Depositary Share represents a 1/100th interest in a share of the issuer’s 7% Non-Cumulative Perpetual Preferred Stock, Series D.

How is the March 2024 GRAT #1 involved in the FCNCA Form 4 transactions?

The March 2024 GRAT #1 was terminated on March 13, 2026, triggering distributions of Class A Common shares. A 310-share block went to the Alemany Family Non-GST Exempt Trust, and 1,985 shares were distributed earlier to Alemany, shifting them from indirect to direct ownership.