Exec at Primis Financial (FRST) exercises 5,500 stock options

Rhea-AI Filing Summary

Primis Financial Corp. EVP and Chief Credit Officer Marie Taylor Leibson exercised employee stock options into common shares. On the reported date, she exercised 5,500 stock options and received 5,500 shares of Primis common stock at $11.99 per share.

Following these transactions, she directly holds 68,847.88 shares of common stock. Footnotes state that her direct holdings include 10,061.40 shares in an IRA and 3,000 shares of restricted stock. She also holds performance-based restricted stock units that are eligible to vest in 2027 and 2028 based on performance and time-based conditions.

In addition, 9,761.9171 shares of common stock are held indirectly through a 401(k) plan for her benefit.

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^*

Leibson Marie Taylor

(Last) (First) (Middle)

13021 HADDONFIELD LANE

(Street)

GAINESVILLE VA 20155

(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, Chief Credit Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026		M		5,500	A	$11.99	68,847.88(1)(2)	D
Common Stock								9,761.9171	I	By 401K Plan

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
Employee Stock Option (right to buy)	$11.99	03/09/2026		M			5,500	06/17/2017	06/17/2026	Common Stock	5,500	$0	0	D
Performance-Based Restricted Stock Units	(3)							(3)	(3)	Common Stock	8,531		8,531	D
Performance-Based Restricted Stock Units	(4)							(4)	(4)	Common Stock	5,000		13,531	D
Performance-Based Restricted Stock Units	(5)							(5)	(5)	Common Stock	7,000		20,531	D

Explanation of Responses:

1. Includes 10,061.40 shares held in an IRA for Ms. Leibson's benefit.

2. Includes 3,000 shares of Restricted Stock.

3. PSUs are eligible to vest in 2027 and 2028 based on the level of achievement of applicable performance metrics.

4. PSUs are eligible to vest in 2028.

5. PSUs are eligible to vest in 2027.

	/s/Marie Taylor Leibson	03/09/2026
	** 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 transaction did Primis Financial (FRST) report for Marie Taylor Leibson?

Marie Taylor Leibson reported exercising 5,500 employee stock options into 5,500 shares of Primis common stock. The Form 4 also updates her direct, IRA, restricted stock, PSU, and 401(k) share holdings as of the transaction date.

How many Primis Financial (FRST) shares does Marie Taylor Leibson now hold directly?

After the reported transactions, Marie Taylor Leibson directly holds 68,847.88 shares of Primis common stock. Footnotes state these direct holdings include 10,061.40 shares in an IRA and 3,000 shares of restricted stock awarded to her.

What price was used when Marie Taylor Leibson exercised Primis (FRST) stock options?

Her stock option exercise resulted in receiving 5,500 Primis common shares at $11.99 per share. The options themselves were recorded with a transaction price of $0.00, reflecting the exercise of a derivative security into common stock.

What performance-based RSUs does Marie Taylor Leibson hold at Primis Financial (FRST)?

She holds several tranches of performance-based restricted stock units, including positions totaling 8,531, 5,000, and 7,000 units. Footnotes state these PSUs are eligible to vest in 2027 and 2028 based on achievement of specified performance metrics.

What indirect Primis Financial (FRST) holdings does Marie Taylor Leibson report?

She reports 9,761.9171 Primis common shares held indirectly through a 401(k) plan. In addition, footnotes note 10,061.40 shares held in an IRA for her benefit, which are part of her overall reported ownership.

What is Marie Taylor Leibson’s role at Primis Financial (FRST)?

Marie Taylor Leibson serves as Executive Vice President and Chief Credit Officer at Primis Financial Corp. Her position is disclosed in the insider ownership filing that reports her option exercise, stock, PSU, IRA, and 401(k) share holdings.