Form 4: Director Fred L. Garrett III Increases Stake in Primis

Director Fred L. Garrett III acquired 250 shares of Primis Financial Corp. common stock at a weighted average price of $15.03.

Summary

• Director Fred L. Garrett III purchased 250 shares of Primis Financial Corp. (FRST) common stock.
• The transaction occurred on June 8, 2026.
• The shares were acquired at a weighted average price of $15.03 per share, with individual transactions ranging from $15.00 to $15.05.
• Following this transaction, the director's total beneficial ownership increased to 48,184 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a mildly positive signal, as it reflects internal confidence from a director, though the volume of the purchase is relatively small.

Positives

• Insider confidence is demonstrated by the director's decision to increase his equity position in the company.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

StockSavvy.ai notes that director share purchases are generally viewed as a positive signal of management's belief in the long-term value of the financial institution.

Comparison to Industry Standards

• Insider buying is a standard practice among regional bank directors to signal alignment with shareholder interests.

Stakeholder Impact

• Shareholders may view the director's increased investment as a sign of stability and confidence in the company's direction.

Next Steps

• None mentioned.

Key Dates

Keywords

Primis Financial Corp, FRST, Insider Trading, Form 4, Director Purchase