Form 4: Director Sells FSEA Shares Under 10b5-1 Plan

First Seacoast Bancorp Director Thomas J. Jean sold 3,450 shares of common stock in multiple transactions under a pre-arranged trading plan.

Summary

• Director Thomas J. Jean of First Seacoast Bancorp, Inc. (FSEA) reported multiple sales of common stock.
• A total of 3,450 shares were sold directly across three transactions on June 17, 2025, and November 18, 2025.
• The sales were executed under a Rule 10b5-1(c) plan, indicating pre-planned transactions.
• The shares were sold at prices ranging from $11.0818 to $11.6001 per share.
• Following these transactions, Jean beneficially owns 5,146 shares of common stock directly, which includes restricted stock vesting 33 1/3% annually commencing December 2, 2025.
• Jean also holds 9,343 stock options with an exercise price of $8.06, vesting 33 1/3% annually from May 25, 2024, and expiring May 25, 2033.
• Additionally, Jean holds 10,250 stock options with an exercise price of $9.29, vesting 33 1/3% annually from December 2, 2025, and expiring December 2, 2034.

Sentiment

Score: 5

Explanation: Neutral. While insider selling can be perceived negatively, the transactions were pre-planned under a Rule 10b5-1(c) plan, which mitigates concerns about opportunistic selling based on non-public information. The director still retains a significant number of shares and options, indicating continued alignment with shareholder interests.

Positives

• The sales were conducted under a Rule 10b5-1(c) plan, which suggests the transactions were pre-scheduled and not based on new, non-public information, mitigating concerns about opportunistic selling.

Negatives

• A director reducing their direct equity stake in the company, even if pre-planned, decreases their direct alignment with common shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The director's reduction in direct share ownership might be viewed with slight caution, though the pre-arranged 10b5-1 plan mitigates immediate concerns about the underlying health of the company.

Key Dates

Recommendation

This filing details routine insider stock sales executed under a pre-arranged 10b5-1 plan. Such transactions typically do not signal a change in the company's fundamental outlook or the insider's long-term view. The director retains a substantial equity interest through remaining shares and options. Therefore, this specific filing alone does not warrant a change in investment recommendation.

Keywords

First Seacoast Bancorp, FSEA, Insider Trading, Form 4, Director Stock Sale, Equity Transaction, Rule 10b5-1, Stock Options, Restricted Stock