First Seacoast COO shares convert at $17.25 in merger

The merger terms provide $17.25 per common share and option consideration less the applicable exercise price.

Rhea-AI Filing Summary

First Seacoast Bancorp, Inc. EVP and COO John E. Swenson reported merger-related dispositions dated October 1, 2026. His 17,704 directly held common shares were converted into a right to receive $17.25 cash consideration per share; reported direct holdings afterward were zero. Shares held through a 401(k) (1,478) and ESOP (2,800) were also disposed, with zero reported afterward for each. Option positions covering 15,000 and 20,500 shares became rights to receive $17.25 less exercise prices of $8.06 and $9.29, respectively. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Disposition: 57,482 shares

Disposition 5 txns

Insider Swenson John E.

Role EVP and COO

Type	Security	Shares	Price	Value
Disposition	Stock Options F3	15,000	--	--
Disposition	Stock Options F3	20,500	--	--
Disposition	Common Stock F1	17,704	--	--
Disposition	Common Stock F2, F1	1,478	--	--
Disposition	Common Stock F2, F1	2,800	--	--

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)

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

Direct common shares disposed: 17,704 shares Cash consideration per common share: $17.25 per share 401(k) shares disposed: 1,478 shares +5 more

8 metrics

Direct common shares disposed 17,704 shares October 1, 2026; reported direct holdings afterward were zero

Cash consideration per common share $17.25 per share Merger consideration

401(k) shares disposed 1,478 shares October 1, 2026; reported holdings afterward were zero

ESOP shares disposed 2,800 shares October 1, 2026; reported holdings afterward were zero

Option position 15,000 underlying shares Converted into a right to receive $17.25 less an $8.06 exercise price

Exercise price $8.06 per share Option position covering 15,000 shares

Option position 20,500 underlying shares Converted into a right to receive $17.25 less a $9.29 exercise price

Exercise price $9.29 per share Option position covering 20,500 shares

Key Terms

Merger Agreement, cash consideration, exercise price, issued and outstanding

4 terms

Merger Agreement regulatory

"Pursuant to the Merger Agreement"

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

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

"less the exercise price of such option"

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.

issued and outstanding financial

"each issued and outstanding share of Issuer common stock"

Issued and outstanding refers to two related counts of a company's stock: "issued" is the total number of shares the company has created and ever sold, while "outstanding" is the number of those shares currently held by outside investors (issued shares minus any the company holds in its treasury). Investors use outstanding shares to calculate ownership percentages, voting power, earnings per share and market capitalization — think of issued shares as all slices baked and outstanding as the slices actually on the table for people to eat.

FAQ

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

How many FSEA shares did EVP and COO John E. Swenson dispose?

On October 1, 2026, 17,704 directly held common shares, 1,478 shares held through a 401(k), and 2,800 shares held through an ESOP were disposed in connection with the merger. Each issued and outstanding common share was converted into the right to receive $17.25 cash consideration. No Rule 10b5-1 plan is reported.

What happened to John E. Swenson's FSEA stock options?

Two option positions covering 15,000 and 20,500 shares were converted into rights to receive $17.25 cash consideration less each option's exercise price. The exercise prices were $8.06 and $9.29, respectively.

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

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Available on EDGAR 10/01/2026 - 10:21 AM Accepted by SEC EDGAR 10/01/2026 - 10:20 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^*

Swenson John E.

(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)
	EVP and COO

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		17,704	D	(1)	0	D
Common Stock	10/01/2026		D		1,478(2)	D	(1)	0	I	By 401(k)
Common Stock	10/01/2026		D		2,800(2)	D	(1)	0	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	10/01/2026		D			15,000	05/25/2024	05/25/2033	Common Stock	15,000	(3)	0	D
Stock Options	$9.29	10/01/2026		D			20,500	12/02/2025	12/02/2034	Common Stock	20,500	(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)