First Citizens insider sells 7,000 depositary shares
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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.
Form Type
4
Rhea-AI Filing Summary
FIRST CITIZENS BANCSHARES INC (FCNCA) insider Olivia Britton Holding, a ten percent owner, reported selling 7,000 Depositary Shares indirectly through Holding Properties, LLC on September 15, 2026, in open-market or private transactions at prices between $19.50 and $19.60 per Depositary Share.
Each Depositary Share represents a 1/40th interest in the company’s 5.375% Non-Cumulative Perpetual Preferred Stock, Series A. The reporting person disclaims beneficial ownership of entity-held shares except to the extent of any pecuniary interest, and no Rule 10b5-1 trading plan is reported.
Insider Trade Summary
Net Seller: 7,000 shares
Net Sell
20 txns
Insider
Holding Olivia Britton
Role
10% Owner
Sold
7,000 shs ($137K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Depositary Shares F1, F2 | 2,000 | $19.60 | $39K |
| Sale | Depositary Shares F1, F2 | 5,000 | $19.50 | $98K |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
| holding | Class A Common F2 | -- | -- | -- |
| holding | Class A Common F2 | -- | -- | -- |
| holding | Class A Common F2 | -- | -- | -- |
| holding | Class A Common F2 | -- | -- | -- |
| holding | Class A Common F2 | -- | -- | -- |
| holding | Class A Common F2 | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common F2 | -- | -- | -- |
| holding | Class B Common F2 | -- | -- | -- |
| holding | Class B Common F2 | -- | -- | -- |
| holding | Class B Common F2 | -- | -- | -- |
| holding | Class B Common F2 | -- | -- | -- |
| holding | Depositary Shares F1, F2 | -- | -- | -- |
| holding | Depositary Shares F1, F2 | -- | -- | -- |
Holdings After Transaction:
Depositary Shares — 15,000 shares (Indirect, By Holding Properties, LLC);
Class A Common — 537,541 shares (Indirect, By Olivia B. Holding Revocable Trust);
Class A Common — 10,544 shares (Indirect, As beneficiary of a trust);
Class A Common — 12,152 shares (Indirect, CoTrustee of P. M. Bristow 2019 Irr Family Trust);
Class A Common — 2,675 shares (Indirect, By Holding Properties, LLC);
Class A Common — 827 shares (Indirect, By E&F Properties, Inc.);
Class A Common — 12,530 shares (Indirect, By Twin States Farming, Inc.);
Class A Common — 192,063 shares (Indirect, By Southern BancShares (N.C.), Inc and subsidiary);
Class A Common — 174,469 shares (Indirect, By YVC Holdings, Inc.);
Class A Common — 100,000 shares (Indirect, By Fidelity BancShares (N.C.), Inc.);
Class B Common — 122,094 shares (Indirect, By Olivia B. Holding Revocable Trust);
Class B Common — 1,225 shares (Indirect, As beneficiary of a trust);
Class B Common — 2,156 shares (Indirect, By Holding Properties, LLC);
Class B Common — 200 shares (Indirect, By E&F Properties, Inc.);
Class B Common — 1,764 shares (Indirect, By Twin States Farming, Inc.);
Class B Common — 22,619 shares (Indirect, By Southern BancShares (N.C.), Inc.);
Class B Common — 4,480 shares (Indirect, By YVC Holdings, Inc.);
Depositary Shares — 198,945 shares (Indirect, By Southern BancShares (N.C.), Inc.);
Depositary Shares — 200,000 shares (Indirect, By Fidelity BancShares (N.C.), Inc.)
Footnotes (2)
- F1. Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.
- F2. 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.
Key Figures
Depositary Shares sold: 7,000 shares
Sale price range per Depositary Share: $19.50–$19.60 per share
Depositary Share interest in preferred stock: 1/40th of one Series A preferred share
+3 more
6 metrics
Depositary Shares sold
7,000 shares
Indirect sales on September 15, 2026 by Holding Properties, LLC
Sale price range per Depositary Share
$19.50–$19.60 per share
Open-market or private transactions on September 15, 2026
Depositary Share interest in preferred stock
1/40th of one Series A preferred share
Each Depositary Share tied to 5.375% Non-Cumulative Perpetual Preferred Stock, Series A
Class A Common held by revocable trust
537,541 shares
Indirectly held by Olivia B. Holding Revocable Trust as of September 15, 2026
Class B Common held by revocable trust
122,094 shares
Indirectly held by Olivia B. Holding Revocable Trust as of September 15, 2026
Depositary Shares held by Southern BancShares (N.C.), Inc.
198,945 shares
Indirect holdings associated with the reporting person as of September 15, 2026
Key Terms
Depositary Shares, Non-Cumulative Perpetual Preferred Stock, pecuniary interest, beneficial ownership, +1 more
5 terms
Non-Cumulative Perpetual Preferred Stock financial
"interest in a share of the Issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
pecuniary interest financial
"she disclaims beneficial ownership of the listed shares except to the extent of her pecuniary interest therein"
beneficial ownership regulatory
"this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FCNCA report for Olivia Britton Holding on September 15, 2026?
FCNCA reported that Olivia Britton Holding, a ten percent owner, indirectly sold 7,000 Depositary Shares on September 15, 2026 through Holding Properties, LLC in open-market or private transactions at prices between $19.50 and $19.60 per share.
Were the FCNCA insider’s September 15, 2026 sales under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote stating that the September 15, 2026 sales were made pursuant to a Rule 10b5-1 trading plan.
What indirect FCNCA common stock holdings are reported for Olivia Britton Holding?
Reported indirect holdings as of September 15, 2026 include 537,541 Class A Common shares and 122,094 Class B Common shares held by the Olivia B. Holding Revocable Trust, along with additional Class A and Class B shares held through other entities and trusts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
