First Citizens CEO buys 553 Class B shares
First Citizens BancShares Chairman and CEO Frank B. Holding Jr. reported a series of open-market purchases of Class B Common stock.
Rhea-AI Filing Summary
First Citizens BancShares Chairman and CEO Frank B. Holding Jr. reported a series of open-market purchases of Class B Common stock. On June 5, 2026 he bought 553 Class B shares across multiple trades at prices between about $1,743.80 and $1,853.92 per share, with several trades reported at weighted-average prices over narrow ranges. Following these transactions, he directly holds 64,100 Class B shares and 206,942 Class A shares, along with additional indirect holdings through spouse, GRATs, custodial accounts, and trusts for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 553 shares
Net Buy
30 txns
Insider
HOLDING FRANK B JR
Role
Chairman and CEO
Bought
553 shs ($1.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class B Common | 50 | $1,743.80 | $87K |
| Purchase | Class B Common | 15 | $1,750.00 | $26K |
| Purchase | Class B Common | 15 | $1,765.00 | $26K |
| Purchase | Class B Common | 1 | $1,790.00 | $2K |
| Purchase | Class B Common | 11 | $1,795.12 | $20K |
| Purchase | Class B Common | 61 | $1,798.99 | $110K |
| Purchase | Class B Common | 96 | $1,800.00 | $173K |
| Purchase | Class B Common | 2 | $1,808.09 | $4K |
| Purchase | Class B Common | 15 | $1,810.00 | $27K |
| Purchase | Class B Common | 50 | $1,836.13 | $92K |
| Purchase | Class B Common | 150 | $1,840.00 | $276K |
| Purchase | Class B Common | 21 | $1,851.81 | $39K |
| Purchase | Class B Common | 41 | $1,853.92 | $76K |
| Purchase | Class B Common | 25 | $1,794.99 | $45K |
| holding | Class A Common | -- | -- | -- |
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| holding | Class A Common | -- | -- | -- |
| holding | Class A Common | -- | -- | -- |
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| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
| holding | Class B Common | -- | -- | -- |
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Holdings After Transaction:
Class B Common — 64,100 shares (Direct);
Class A Common — 206,942 shares (Direct);
Class A Common — 11,140 shares (Indirect, As beneficiary of a trust);
Class A Common — 3,728 shares (Indirect, By Spouse);
Class A Common — 3,416 shares (Indirect, As custodian for James Freeman Bailey, Jr.);
Class A Common — 1,591 shares (Indirect, As custodian for Royall Holding Bailey);
Class A Common — 317 shares (Indirect, As custodian for Jones Powell Bailey);
Class A Common — 95,829 shares (Indirect, Frank B. Holding Jr. 2025 #1 GRAT);
Class A Common — 106,000 shares (Indirect, Frank B. Holding Jr. 2025 #2 GRAT);
Class A Common — 115,000 shares (Indirect, By Spouse as Trustee for the Ruth P. Holding 2025 GRAT);
Class B Common — 2,527 shares (Indirect, As beneficiary of a trust);
Class B Common — 9,160 shares (Indirect, By Spouse);
Class B Common — 4,957 shares (Indirect, As custodian for James Freeman Bailey, Jr.);
Class B Common — 4,800 shares (Indirect, As custodian for Royall Holding Bailey);
Class B Common — 5,158 shares (Indirect, As custodian for Jones Powell Bailey);
Class B Common — 9,780 shares (Indirect, Frank B. Holding Jr. 2025 #2 GRAT);
Class B Common — 24,300 shares (Indirect, By Spouse as Trustee for the Ruth P. Holding 2025 GRAT)
Footnotes (5)
- F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1,798.99 to $1,799.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1) through (4) to this Form 4.
- F2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1,799.99 to $1,800.00, inclusive.
- F3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1,808.08 to $1,808.09, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1,851.79 to $1,852.00, inclusive.
- F5. The reporting person disclaims beneficial ownership of these securities, 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
Class B shares purchased: 553 shares
Highest reported purchase price: $1,853.92 per share
Lowest reported purchase price: $1,743.80 per share
+4 more
7 metrics
Class B shares purchased
553 shares
Open-market buys on June 5, 2026
Highest reported purchase price
$1,853.92 per share
Class B Common open-market purchase
Lowest reported purchase price
$1,743.80 per share
Class B Common open-market purchase
Direct Class B holdings after trades
64,100 shares
Class B Common directly held
Direct Class A holdings
206,942 shares
Class A Common directly held as of June 4, 2026
Class B held via Ruth P. Holding 2025 GRAT
24,300 shares
Indirect ownership entry, spouse as trustee
Class A held via Ruth P. Holding 2025 GRAT
115,000 shares
Indirect ownership entry, spouse as trustee
Key Terms
weighted average price, grantor retained annuity trust (GRAT), beneficial ownership, Section 16, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
grantor retained annuity trust (GRAT) financial
"Ruth P. Holding 2025 GRAT; Frank B. Holding Jr. 2025 #2 GRAT"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these 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 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did First Citizens (FCNCA) CEO Frank B. Holding Jr. report in this Form 4?
He reported multiple open-market purchases of Class B Common stock. On June 5, 2026, he bought 553 Class B shares across several trades at prices around $1,744–$1,854 per share, increasing his directly held Class B position to 64,100 shares.
What are Frank B. Holding Jr.’s direct First Citizens (FCNCA) holdings after these trades?
After the reported transactions, he directly holds 64,100 shares of Class B Common and 206,942 shares of Class A Common. These figures reflect only direct ownership; separate entries describe additional indirect holdings through spouse, GRATs, custodial accounts, and trusts.
How are indirect First Citizens (FCNCA) holdings for the CEO described in this filing?
Indirect holdings are shown through entities such as the Ruth P. Holding 2025 GRAT, Frank B. Holding Jr. 2025 GRATs, custodial accounts for family members, a spouse, and a trust beneficiary interest. A footnote states he disclaims beneficial ownership of these securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
