[144] First Bancorp, Inc. (ME) SEC Filing

Rhea-AI Filing Summary

First Bancorp, Inc. (FNLC) submitted a Form 144 notifying a proposed sale of 175 shares of common stock with an aggregate market value of $4,607.75. The filing names Broadridge as the broker and lists the securities as traded on Nasdaq. The table shows 17,877 shares outstanding for this class, indicating the planned sale is a small fraction of the outstanding common stock.

The shares were originally acquired on 12/30/2020 through an Employee Stock Purchase Plan (178 shares purchased) with payment by payroll deduction. The filer reports nothing to report for securities sold in the past three months and makes the standard representation that they do not possess undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Small, routine insider sale disclosed; unlikely to be material given the low dollar amount and small share count.

The Form 144 reports a proposed sale of 175 shares valued at $4,607.75 through Broadridge, with the stock listed on Nasdaq and 17,877 shares shown as outstanding for this class. The underlying shares were acquired via an Employee Stock Purchase Plan on 12/30/2020, suggesting this is a planned disposition of previously issued employee-held stock rather than a financing or liquidity event. No securities were reported sold in the prior three months. From a trading-impact perspective, the size and value are immaterial to market capitalization and unlikely to move market pricing.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 compliance and standard insider certification; procedural, not a governance red flag.

The notice documents compliance with Rule 144 procedures by identifying the broker and supply of acquisition details (ESPP purchase date and payroll deduction). The filer affirms absence of undisclosed material adverse information and indicates no recent sales. Given the modest size and that the shares were obtained through an employee plan, this appears to be a routine compliance filing rather than an event raising governance or disclosure concerns.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Broadridge PO Box 1342 Brentwood NY 11717	175	4607.75	17877	08/13/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	12/30/2020	Through Employee Stock Purchase Plan	Employee Stock Purchase Plan			178	12/30/2020	Payroll deduction

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the FNLC Form 144 disclose?

The filing discloses a proposed sale of 175 shares of First Bancorp common stock with an aggregate market value of $4,607.75, to be handled by Broadridge on Nasdaq.

When is the approximate sale date listed on the FNLC Form 144?

The filing lists the approximate date of sale as 08/13/2025.

How were the shares being sold originally acquired?

The shares were acquired on 12/30/2020 through an Employee Stock Purchase Plan with payment by payroll deduction; the filer reports acquiring 178 shares then.

Has the filer sold any FNLC securities in the past three months?

The Form 144 states "Nothing to Report" for securities sold during the past three months.

Who is the broker named in the Form 144 and where will the shares trade?

The broker listed is Broadridge (PO Box 1342 Brentwood NY 11717) and the securities are listed to trade on Nasdaq.