Form 4: First Seacoast Bancorp CEO Boosts Stake with Recent Stock Purchases

First Seacoast Bancorp's Chief Executive Officer and Director, James R. Brannen, has increased his direct beneficial ownership in the company by acquiring 500 shares of common stock through multiple open market purchases on June 4, 2025.

Summary

• James R. Brannen, the Chief Executive Officer and a Director of First Seacoast Bancorp, Inc. (FSEA), acquired a total of 500 shares of the company's common stock on June 4, 2025.
• These purchases were executed at varying prices, ranging from $11.29 to $11.50 per share.
• Following these transactions, Mr. Brannen's direct beneficial ownership stands at 32,137 shares of common stock, which includes shares of restricted stock.
• His total beneficial ownership, encompassing direct holdings and indirect holdings through an IRA (9,179 shares), 401(k) (4,255 shares), and ESOP (3,646 shares), amounts to 49,217 shares.
• Additionally, Mr. Brannen holds 24,401 stock options with an exercise price of $8.06, which began vesting at a rate of 33 1/3% per year on May 25, 2024, and expire on May 25, 2033.
• He also holds 23,500 stock options with an exercise price of $9.29, which will begin vesting at a rate of 33 1/3% per year on December 2, 2025, and expire on December 2, 2034.

Sentiment

Score: 8

Explanation: The acquisition of shares by a key insider like the CEO typically signals strong confidence in the company's future, which is a positive indicator for investors.

Positives

• The Chief Executive Officer and Director, James R. Brannen, increased his direct ownership in First Seacoast Bancorp by purchasing 500 shares of common stock, signaling confidence in the company's future prospects.
• The purchases were made on the open market, indicating a voluntary investment by a key insider.

Future Outlook

This Form 4 filing is a disclosure of insider trading activity and does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook.

Industry Context

This filing is a routine disclosure of insider trading activity, which is a common regulatory requirement for all publicly traded companies. It does not provide broader insights into industry trends or competitive dynamics within the financial services sector.

Related Party Transactions

• James R. Brannen, as CEO and Director, purchased shares of First Seacoast Bancorp common stock, which constitutes an insider transaction.

Stakeholder Impact

• Shareholders may view the CEO's stock purchases as a positive signal of management's belief in the company's value and future performance, potentially increasing investor confidence.

Key Dates

Recommendation

Keywords

First Seacoast Bancorp, FSEA, Insider Trading, Form 4, Stock Purchase, CEO, Director, Beneficial Ownership, Common Stock, Stock Options, SEC Filing