Form 4: SEC Form 4: Holding Reports Ownership Changes

Frank B. Holding Jr. reports changes in beneficial ownership of First Citizens Bancshares Inc. Class A and Class B common stock.

Summary

• Frank B. Holding Jr., a Director, 10% Owner, and Officer (Chairman and CEO) of First Citizens Bancshares Inc. (/DE/) (FCNCA), has filed a Form 4 detailing changes in beneficial ownership of the company's Class A and Class B common stock.
• The transactions occurred on April 10, 2026, and involved various forms of ownership, including direct holdings, indirect holdings through trusts and custodianships, and holdings by a spouse.
• Specific amounts of Class A common stock held directly and indirectly are listed, along with holdings in various GRATs (Grantor Retained Annuity Trusts).
• Similarly, specific amounts of Class B common stock are listed as directly and indirectly held, including holdings in GRATs and trusts.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine ownership changes and transactions under a 10b5-1 plan without indicating significant new financial information or strategic shifts.

Positives

• The filing indicates continued significant beneficial ownership by a key executive and director, Frank B. Holding Jr., across both Class A and Class B common stock.
• The reporting of these transactions suggests transparency in executive and insider ownership.
• The transactions are reported under a Rule 10b5-1(c) plan, indicating a pre-arranged trading strategy designed to comply with insider trading regulations.

Negatives

• The filing does not provide specific details on the nature of the transactions (e.g., purchase, sale, gift) beyond indicating acquisition (A) or disposition (D) codes, which are not fully detailed in the provided text.
• The exact value of the transactions is not disclosed, only the amount of securities and a price of '$0' for some acquisitions, suggesting these might be non-sale transfers or allocations.

Risks

• While not explicitly stated as risks, the complexity of indirect beneficial ownership through various trusts and custodianships could lead to confusion or misinterpretation of actual control or influence.
• The filing does not detail any specific risks associated with these ownership changes.

Future Outlook

No specific forward-looking statements or guidance are provided in this Form 4 filing, which primarily reports past transactions.

Management Comments

• The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for significant shareholders and executives in the banking and financial services industry, providing transparency on ownership structures and potential insider activity.

Related Party Transactions

• The filing details beneficial ownership held through various custodianships and trusts, which may involve related parties, but specific transaction details are not provided.

Stakeholder Impact

• Shareholders: The filing provides transparency on the holdings of a key executive and director, which can influence investor confidence.
• Management: Reinforces the reporting person's significant stake and role within the company.
• Regulatory Bodies: Ensures compliance with SEC reporting requirements.

Next Steps

• Continued monitoring of future Form 4 filings by Frank B. Holding Jr. to track any further changes in beneficial ownership.
• Analysis of subsequent company reports for any strategic implications that may arise from executive ownership patterns.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Insider Trading, First Citizens Bancshares, FCNCA, Class A Common Stock, Class B Common Stock, Frank B. Holding Jr., GRAT, 10b5-1 Plan