Form 4: First Seacoast Bancorp Director Mark Boulanger Increases Stake with $11,240 Common Stock Purchase

First Seacoast Bancorp Director Mark P. Boulanger has acquired 1,000 shares of common stock at $11.24 per share, increasing his beneficial ownership in the company.

Summary

• Director Mark P. Boulanger purchased 1,000 shares of First Seacoast Bancorp, Inc. (FSEA) common stock on June 5, 2025.
• The shares were acquired at a price of $11.24 per share, totaling $11,240.
• Following this transaction, Mr. Boulanger's beneficial ownership includes 5,301 shares held indirectly by IRA, 7,759 shares held directly (including restricted stock), and 4,000 shares held indirectly by Trust.
• He also holds derivative securities including 9,343 stock options with an exercise price of $8.06 and 10,250 stock options with an exercise price of $9.29, both subject to vesting schedules.
• Restricted stock and certain stock options vest at a rate of 33 1/3% per year commencing on December 2, 2025.
• Other stock options began vesting on May 25, 2024, at the same rate.

Sentiment

Score: 8

Explanation: The purchase of common stock by a director is a strong positive signal, indicating confidence in the company's future. While the amount is not exceptionally large, the act itself is significant.

Positives

• A director's purchase of company stock signals confidence in the company's future prospects and valuation.
• The acquisition increases the director's alignment of interests with those of other shareholders.

Future Outlook

The document primarily reports an insider transaction and does not contain explicit forward-looking statements or guidance regarding the company's future performance, beyond the vesting schedules for restricted stock and stock options.

Industry Context

Insider buying, particularly by a director, can be viewed positively by the market as it suggests management's belief in the company's intrinsic value and future prospects, potentially indicating undervaluation or strong upcoming performance. This is a common signal observed across various industries, including the financial sector where First Seacoast Bancorp operates.

Comparison to Industry Standards

• This document reports an individual insider transaction and does not provide company-wide financial results or operational metrics that would allow for a direct comparison to industry standards or global benchmarks. The transaction itself is a standard Form 4 disclosure for insider stock purchases.

Related Party Transactions

• Mark P. Boulanger, a director of First Seacoast Bancorp, Inc., purchased 1,000 shares of common stock from the issuer, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The director's purchase may instill confidence among existing and potential shareholders, potentially leading to increased investor interest.
• Management/Employees: Signals alignment of interests between the board and the company's performance.

Next Steps

• Continued vesting of 9,343 stock options at 33 1/3% per year, commencing May 25, 2024.
• Commencement of vesting for 7,759 shares of restricted stock at 33 1/3% per year on December 2, 2025.
• Commencement of vesting for 10,250 stock options at 33 1/3% per year on December 2, 2025.

Key Dates

Recommendation

Keywords

First Seacoast Bancorp, FSEA, Insider Trading, Form 4, Stock Purchase, Director, Mark P. Boulanger, Common Stock, Beneficial Ownership, Stock Options, Restricted Stock