First Seacoast CFO shares convert at $17.25 in merger

The options carried cash rights equal to $17.25 less their exercise prices, while common shares carried a $17.25 cash right per share.

Rhea-AI Filing Summary

Richard M. Donovan, First Seacoast Bancorp, Inc.’s President and CFO, reported merger-related dispositions to the issuer on October 1, 2026. Common-stock entries were 23,358 shares held directly, 18,994 through a 401(k), 3,602 through an ESOP, 18,866 through an IRA and 5,325 through a Roth IRA; each carried a right to receive $17.25 cash consideration. Options covering 20,000 shares with an $8.06 exercise price and 23,000 shares with a $9.29 exercise price were converted into rights to receive $17.25 cash consideration less the applicable exercise price.

Insider Trade Summary

Disposition: 113,145 shares

Disposition 7 txns

Insider Donovan Richard M

Role President and CFO

Type	Security	Shares	Price	Value
Disposition	Stock Options F3	20,000	--	--
Disposition	Stock Options F3	23,000	--	--
Disposition	Common Stock F1	23,358	--	--
Disposition	Common Stock F2, F1	18,994	--	--
Disposition	Common Stock F2, F1	3,602	--	--
Disposition	Common Stock F1	18,866	--	--
Disposition	Common Stock F1	5,325	--	--

Holdings After Transaction: Stock Options — 0 contracts (Direct); Common Stock — 0 shares (Direct); Common Stock — 0 shares (Indirect, By 401(k)); Common Stock — 0 shares (Indirect, By ESOP); Common Stock — 0 shares (Indirect, By IRA); Common Stock — 0 shares (Indirect, By Roth IRA)

Footnotes (3)

1. F1. Pursuant to the Agreement and Plan of Merger, dated May 4, 2026, by and among the Issuer, First Seacoast Bank, Cambridge Financial Group Inc. and Cambridge Savings Bank (the "Merger Agreement"), each issued and outstanding share of Issuer common stock was converted into the right to receive $17.25 cash consideration.
2. F2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.
3. F3. Pursuant to the Merger Agreement, each stock option was converted into the right to receive $17.25 cash consideration less the exercise price of such option.

Key Figures

Merger cash consideration: $17.25 per share Direct common shares disposed: 23,358 shares Common shares held through 401(k): 18,994 shares +5 more

8 metrics

Merger cash consideration $17.25 per share Right to receive consideration for issuer common shares

Direct common shares disposed 23,358 shares October 1, 2026

Common shares held through 401(k) 18,994 shares October 1, 2026

Common shares held through ESOP 3,602 shares October 1, 2026

Common shares held through IRA 18,866 shares October 1, 2026

Common shares held through Roth IRA 5,325 shares October 1, 2026

Stock options and exercise price 20,000 options; $8.06 exercise price Converted into a right to receive $17.25 cash consideration less the exercise price

Stock options and exercise price 23,000 options; $9.29 exercise price Converted into a right to receive $17.25 cash consideration less the exercise price

Key Terms

Agreement and Plan of Merger, cash consideration, exercise price, Section 16

4 terms

Agreement and Plan of Merger technical

"Pursuant to the Agreement and Plan of Merger"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

cash consideration financial

"the right to receive $17.25 cash consideration"

Cash consideration is the actual money paid to buy a company, asset, or stake rather than payment in shares or other forms. For investors it matters because cash payments deliver immediate, certain value and affect the buyer’s and seller’s cash reserves and balance sheets—like selling a car for cash versus taking a trade-in, one side gets instant spending power while the other changes its liquidity and risk profile.

exercise price financial

"cash consideration less the exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

Section 16 regulatory

"not required to be reported pursuant to Section 16"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

FAQ

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

What FSEA share positions did Richard M. Donovan dispose of?

The reported common-stock positions were 23,358 shares held directly, 18,994 through a 401(k), 3,602 through an ESOP, 18,866 through an IRA and 5,325 through a Roth IRA. Each was converted into a right to receive $17.25 cash consideration.

Which FSEA transactions were identified as not required under Section 16?

The 18,994-share 401(k) position and the 3,602-share ESOP position were identified as transactions not required to be reported under Section 16 of the Securities Act of 1934, as amended.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/01/2026 - 10:02 AM Accepted by SEC EDGAR 10/01/2026 - 10:02 AM 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

X

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^*

Donovan Richard M

(Last) (First) (Middle)

633 CENTRAL AVENUE

(Street)

DOVER NEW HAMPSHIRE 03820

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
First Seacoast Bancorp, Inc. [ FSEA ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	10/01/2026		D		23,358	D	(1)	0	D
Common Stock	10/01/2026		D		18,994(2)	D	(1)	0	I	By 401(k)
Common Stock	10/01/2026		D		3,602(2)	D	(1)	0	I	By ESOP
Common Stock	10/01/2026		D		18,866	D	(1)	0	I	By IRA
Common Stock	10/01/2026		D		5,325	D	(1)	0	I	By Roth IRA

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
Stock Options	$8.06	10/01/2026		D			20,000	05/25/2024	05/25/2033	Common Stock	20,000	(3)	0	D
Stock Options	$9.29	10/01/2026		D			23,000	12/02/2025	12/02/2034	Common Stock	23,000	(3)	0	D

Explanation of Responses:

1. Pursuant to the Agreement and Plan of Merger, dated May 4, 2026, by and among the Issuer, First Seacoast Bank, Cambridge Financial Group Inc. and Cambridge Savings Bank (the "Merger Agreement"), each issued and outstanding share of Issuer common stock was converted into the right to receive $17.25 cash consideration.

2. Reflects transactions not required to be reported pursuant to Section 16 of the Securities Act of 1934, as amended.

3. Pursuant to the Merger Agreement, each stock option was converted into the right to receive $17.25 cash consideration less the exercise price of such option.

	/s/ Victor L. Cangelosi, pursuant to power of attorney	10/01/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)