Primis Financial director buys 1,300 shares
Primis Financial Corp. director F. L. Garrett III reported a series of open-market purchases of the company’s common stock.
Rhea-AI Filing Summary
Primis Financial Corp. director F. L. Garrett III reported a series of open-market purchases of the company’s common stock. Between June 1 and June 5, he bought a total of 1,300 shares at prices ranging from $14.30 to $15.00 per share.
After these transactions, he directly holds 47,934 common shares. A footnote also states that his total ownership includes 2,884 additional shares held in an IRA for his benefit, giving investors a clearer picture of his overall stake in Primis Financial.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,300 shares
Net Buy
5 txns
Insider
GARRETT F L III
Role
Director
Bought
1,300 shs ($19K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 125 | $15.00 | $2K |
| Purchase | Common Stock | 125 | $14.745 | $2K |
| Purchase | Common Stock | 450 | $14.50 | $7K |
| Purchase | Common Stock | 250 | $14.75 | $4K |
| Purchase | Common Stock | 350 | $14.30 | $5K |
Holdings After Transaction:
Common Stock — 47,934 shares (Direct)
Footnotes (2)
- F1. Total Ownership includes 2,884 shares held in an IRA for Mr. Garrett's benefit.
- F2. Price indicated is the weighted average sales price as a result of a series of transactions ranging in price from $14.40 to $14.60 per share.
Key Figures
Total shares purchased: 1,300 shares
Highest purchase price: $15.00 per share
Lowest purchase price: $14.30 per share
+3 more
6 metrics
Total shares purchased
1,300 shares
Open-market common stock purchases between June 1–5, 2026
Highest purchase price
$15.00 per share
Common stock purchase on June 5, 2026
Lowest purchase price
$14.30 per share
Common stock purchase on June 1, 2026
Weighted average price range
$14.40–$14.60 per share
Series of transactions referenced in a pricing footnote
Direct holdings after trades
47,934 shares
Common stock directly owned following June 5, 2026 purchase
IRA holdings
2,884 shares
Shares held in an IRA for Mr. Garrett’s benefit
Key Terms
open-market purchase, weighted average price, IRA, Form 4
4 terms
open-market purchase financial
"he bought a total of 1,300 shares at prices ranging from $14.30 to $15.00 per share."
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.
weighted average price financial
"Price indicated is the weighted average sales price as a result of a series of transactions ranging in price from $14.40 to $14.60 per share."
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.
IRA financial
"Total Ownership includes 2,884 shares held in an IRA for Mr. Garrett's benefit."
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
Form 4 regulatory
"Primis Financial Corp. director F. L. Garrett III reported a series of open-market purchases of the company’s common stock."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Primis Financial Corp. (FRST) disclose on this Form 4?
Primis Financial Corp. disclosed that director F. L. Garrett III made several open-market purchases of common stock. Over five days, he acquired 1,300 shares, signaling additional personal capital committed to the company’s equity during that period.
Were the Primis Financial (FRST) insider transactions open-market purchases or another type?
All reported insider transactions were coded as open-market purchases of common stock. Each entry lists transaction code “P,” described as a purchase in an open market or private transaction, indicating straightforward buying activity rather than option exercises or gifts.
Does the Form 4 mention any special pricing terms for the Primis Financial (FRST) trades?
One footnote states that the indicated price represents a weighted average price for a series of trades between $14.40 and $14.60 per share. This explains why one transaction line shows a blended price instead of individual execution prices for each share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
