First Seacoast Bancorp insider purchases increase EVP/COO stake

Rhea-AI Filing Summary

First Seacoast Bancorp insider purchases increased on August 21, 2025. John E. Swenson, EVP and COO, reported multiple open-market purchases of the company's common stock at prices between $11.54 and $11.74, increasing his direct holdings to 17,704 shares. The filing also shows 1,431 shares held indirectly via a 401(k) and 2,221 shares indirectly via an ESOP. Swenson holds outstanding stock options exercisable into 15,000 shares (exercise price $8.06) and 20,500 shares (exercise price $9.29). Restricted stock and option vesting schedules are disclosed, with vesting commencing in 2024 and 2025.

Positive

• Multiple insider purchases by the EVP and COO on 08/21/2025 indicate management buying shares at prices between $11.54 and $11.74.
• Meaningful in-the-money option positions: 15,000 options at $8.06 and 20,500 options at $9.29 align executive incentives with equity performance.
• Transparent disclosure of indirect holdings (401(k) and ESOP) and vesting schedules enhances governance clarity.

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchases by a senior executive suggest confidence in near-term equity value.

John Swenson, the EVP and COO, executed multiple purchases on the same date at modestly different prices, bringing his direct ownership to 17,704 shares while retaining material in-the-money option positions (exercise prices $8.06 and $9.29 versus purchase prices ~$11.5). The combination of purchases plus vested/unvested equity and option holdings aligns management incentives with shareholder outcomes and could be interpreted as a positive signal about management's view of valuation.

Corporate Governance Expert

TL;DR: Reporting is standard and includes clear vesting schedules and indirect holdings disclosures.

The Form 4 discloses direct purchases, indirect holdings via 401(k) and ESOP, and detailed vesting schedules for restricted stock and options, which supports transparency. Transactions were reported via a power of attorney signature, and no exemptions or unusual arrangements are disclosed. This is routine compliance-level disclosure without governance concerns raised by the filing itself.

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^*

Swenson John E.

(Last) (First) (Middle)

633 CENTRAL AVENUE

(Street)

DOVER NH 03820

(City) (State) (Zip)

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)
	EVP and COO

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		P		12	A	$11.54	17,116(1)	D
Common Stock	08/21/2025		P		99	A	$11.55	17,215(1)	D
Common Stock	08/21/2025		P		189	A	$11.57	17,404(1)	D
Common Stock	08/21/2025		P		300	A	$11.74	17,704(1)	D
Common Stock								1,431(2)	I	By 401(k)
Common Stock								2,221(2)	I	By ESOP

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							05/25/2024	05/25/2033	Common Stock	15,000(3)		15,000(3)	D
Stock Options	$9.29							12/02/2025	12/02/2034	Common Stock	20,500(4)		20,500(4)	D

Explanation of Responses:

1. Includes shares of restricted stock vest which at a rate of 33 1/3% per year commencing on December 2, 2025.

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

3. Stock options vest at a rate of 33 1/3% per year commencing on May 25, 2024.

4. Stock options vest at a rate of 33 1/3% per year commencing on December 2, 2025.

	/s/ Victor L. Cangelosi, pursuant to power of attorney	08/22/2025
	** 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.

FAQ

What transactions did John E. Swenson report on Form 4 for FSEA?

He reported multiple purchases of common stock on 08/21/2025 at prices between $11.54 and $11.74, increasing his direct holdings to 17,704 shares.

How many shares does John E. Swenson beneficially own after the reported transactions?

Following the reported transactions he directly beneficially owns 17,704 shares, plus 1,431 shares via a 401(k) and 2,221 shares via an ESOP.

What equity awards and options does the filing disclose for the reporting person?

The filing shows restricted stock with scheduled vesting and stock options for 15,000 shares at an $8.06 exercise price (expiring 05/25/2033) and 20,500 shares at a $9.29 exercise price (expiring 12/02/2034).

When do the disclosed equity awards begin vesting?

Vesting commencement dates are disclosed: one restricted stock tranche vests starting 12/02/2025; one option tranche vests starting 05/25/2024; another option tranche vests starting 12/02/2025.

Was the Form 4 filed individually or by multiple reporting persons?

The form was filed by one reporting person (John E. Swenson).