Primis Financial (FRST) CFO Matthew Switzer purchases 2,500 shares at $14.06
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Primis Financial Corp. executive Matthew A. Switzer, EVP and CFO, purchased additional company stock. On February 3, 2026, he bought 2,500 shares of Primis Financial Corp. common stock at $14.06 per share, increasing his beneficial ownership to 96,226 common shares, held through a mix of individual, IRA, joint, trust, and restricted stock holdings.
He also beneficially owns performance-based restricted stock units that can settle in Primis common stock, with an aggregate of 32,750 derivative securities shown as beneficially owned in several awards scheduled with vesting and expiration dates on March 15, 2026, 2027, and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,500 shares ($35,150)
Net Buy
5 txns
Insider
Switzer Matthew Alan
Role
EVP, CFO
Bought
2,500 shs ($35K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,500 | $14.06 | $35K |
| holding | Performance-Based Restricted Stock Units | -- | -- | -- |
| holding | Performance-Based Restricted Stock Units | -- | -- | -- |
| holding | Performance-Based Restricted Stock Units | -- | -- | -- |
| holding | Performance-Based Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 96,226 shares (Direct);
Performance-Based Restricted Stock Units — 10,500 shares (Direct)
Footnotes (1)
- Shares held in an IRA for Mr. Switzer's benefit. Includes 40,000 shares held jointly with spouse. Includes 10,000 shares held in an irrevocable trust. Includes 22,500 shares held in an IRA for Mr. Switzer's benefit. Includes 16,976 shares held individually. Includes 6,750 shares of restricted stock. Market value at date of vesting.
FAQ
What insider transaction did FRST EVP, CFO Matthew Switzer report on this Form 4?
Matthew A. Switzer reported buying 2,500 shares of Primis Financial Corp. common stock. The purchase occurred on February 3, 2026 at a price of $14.06 per share, increasing his directly reported common stock holdings to 96,226 shares after the transaction.
What performance-based restricted stock units does the FRST CFO hold?
He holds several performance-based restricted stock unit awards tied to Primis common stock. The table shows derivative holdings totaling 32,750 units, with separate tranches linked to 10,500, 10,000, 9,000, and 3,250 shares, each with vesting and expiration dates on March 15 in 2026, 2027, and 2028.
Is the Primis Financial (FRST) CFO’s Form 4 transaction a purchase or a sale?
The filing reports a purchase transaction. The Form 4 lists a transaction code “P,” indicating that EVP, CFO Matthew A. Switzer bought 2,500 shares of Primis Financial Corp. common stock at $14.06 per share on February 3, 2026.