Primis EVP converts PSUs into common stock

Primis Financial Corp. executive Rickey Allen Fulk exercised performance-based stock units into common shares.

Rhea-AI Filing Summary

Primis Financial Corp. executive Rickey Allen Fulk exercised performance-based stock units into common shares. On March 5, 2026, he converted 2,297 Performance-Based Restricted Stock Units into 2,297 shares of Primis common stock at an exercise price of $0.00 per share.

After this transaction, he directly held 9,953 performance-based restricted stock units and 18,074 common shares. The filing notes that performance-based restricted stock units convert into common stock on a 1-to-1 basis. One-third of the 2025 performance-based units vested on March 5, 2026 based on performance metrics, and remaining units are eligible to vest in 2028.

Insider Trade Summary

2,297 shares exercised/converted

Exercise 3 txns

Insider Fulk Rickey Allen

Role EVP, President

Type	Security	Shares	Price	Value
Exercise	Performance-Based Restricted Stock Units	2,297	$0.00	$0.00
Exercise	Common Stock	2,297	$0.00	$0.00
holding	Performance-Based Restricted Stock Units	--	--	--

Holdings After Transaction: Performance-Based Restricted Stock Units — 19,953 contracts for 10,000 underlying shares (Direct); Common Stock — 18,074 shares (Direct)

Footnotes (6)

1. F1. Includes 941 shares held jointly with spouse.
2. F2. Includes 1,626 shaes held in an IRA for Mr. Fulk's benefit.
3. F3. Includes 3,500 shares of Restricted Stock.
4. F4. Performance-based restricted stock units (PSUs) convert to shares of issuer common stock on a 1-to-1 basis.
5. F5. One-third of the 2025 PSUs vested on March 5, 2026, based on the level of achievement of applicable performance metrics.
6. F6. PSUs are eligible to vest in 2028.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FRST executive Rickey Allen Fulk report?

Rickey Allen Fulk reported exercising 2,297 performance-based restricted stock units into 2,297 shares of Primis Financial common stock. The exercise price was $0.00 per share, reflecting a conversion of previously granted equity awards rather than an open-market purchase.

How many Primis Financial (FRST) shares does Rickey Allen Fulk hold after this Form 4?

After the reported transactions, Rickey Allen Fulk directly holds 18,074 shares of Primis Financial common stock. This total includes jointly held shares, IRA holdings, and 3,500 shares of restricted stock, as described in the footnotes to the insider ownership disclosure.

What happens to Primis Financial performance-based restricted stock units (PSUs)?

Primis Financial performance-based restricted stock units convert into shares of issuer common stock on a 1-to-1 basis. They vest based on achievement of performance metrics and, once vested, are settled in an equivalent number of common shares for the reporting person.

When did Rickey Allen Fulk’s 2025 Primis Financial PSUs vest?

One-third of Rickey Allen Fulk’s 2025 performance-based restricted stock units vested on March 5, 2026. The vesting depended on the level of achievement of applicable performance metrics, triggering the conversion of a portion of those units into Primis Financial common shares.

When are Primis Financial PSUs eligible to vest in the future?

The filing states that the performance-based restricted stock units are eligible to vest in 2028. This indicates a multi-year vesting schedule, where remaining units may convert into common shares if specified performance conditions are achieved by that future vesting date.

What type of Form 4 transaction code is shown for FRST insider Rickey Allen Fulk?

The Form 4 lists transaction code "M" for Rickey Allen Fulk’s activity, meaning an exercise or conversion of a derivative security. Here, that code reflects the conversion of performance-based restricted stock units into an equivalent number of Primis Financial common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/06/2026 - 05:09 PM Learn about SEC filing dates

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^*

Fulk Rickey Allen

(Last) (First) (Middle)

1194 ELSOM MASCOT ROAD

(Street)

MATTAPONI VA 23110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Primis Financial Corp. [ FRST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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
Common Stock	03/05/2026		M		2,297	A	$0	18,074(1)(2)(3)	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
Performance-Based Restricted Stock Units	(4)	03/05/2026		M			2,297	(5)	(5)	Common Stock	2,297	$0	9,953	D
Performance-Based Restricted Stock Units	(6)							(6)	(6)	Common Stock	10,000		19,953	D

Explanation of Responses:

1. Includes 941 shares held jointly with spouse.

2. Includes 1,626 shaes held in an IRA for Mr. Fulk's benefit.

3. Includes 3,500 shares of Restricted Stock.

4. Performance-based restricted stock units (PSUs) convert to shares of issuer common stock on a 1-to-1 basis.

5. One-third of the 2025 PSUs vested on March 5, 2026, based on the level of achievement of applicable performance metrics.

6. PSUs are eligible to vest in 2028.

	/s/Rickey Allen Fulk	03/06/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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