FBNC CEO sells shares for about $1.47 million

Posted by Mark Dietrich on Sep 30th, 2026

What happened

First Bancorp /Nc/ (NASDAQ: FBNC) CEO and director Richard H. Moore sold 23,343 shares over 2026-09-28 to 2026-09-29.

On 2026-09-28 he sold 16,000 shares at $63.167 each, and on 2026-09-29 he sold 7,343 shares at $62.168 each. The Form 4 was filed 2026-09-30, and it lists those as common stock sales. The two sales totaled about $1.47 million, and Moore held 82,863 shares afterward. The filing also lists 18,985.954 shares in a 401K plan and 42,151 restricted shares.

Key numbers

Metric	Latest	Source
Shares sold	23,343 shares	SEC Form 4
Sale price per share	$62.17 to $63.17 per share	SEC Form 4
Total sale value	about $1.47 million	SEC Form 4
Shares held after sale	82,863 shares	SEC Form 4
Sold as share of pre-trade holding	22.0%	Calculated from SEC Form 4

Read more: First Bancorp /Nc/ (FBNC) stock analysis and investment case

Why it matters

OptimistFi's case is that FBNC can lift recurring returns through deposit repricing, loan growth and securities-portfolio earnback without a credit-cycle surprise. Moore's sale weakens that case a bit. He sold 16,000 shares on 2026-09-28 at $63.167 and 7,343 shares on 2026-09-29 at $62.168, leaving 82,863 shares afterward.

The 22.0% figure is the key read-through because it measures the trim against the starting position. Moore sold 23,343 shares, about 22.0% of his pretrade holding, so the reduction was sizable for a CEO and director. He still held 82,863 shares afterward, and the filing shows more stock in a 401K plan and restricted form. Because the trade reduced a personal stake rather than the company's business mix, it is a signal about positioning, not performance.

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What's next

The next quarterly report is the next scheduled check on whether FBNC's recurring-return path is still improving. A stronger report would show the bank keeping that trend without fresh credit stress, while a weaker report would show deposit repricing, loan growth or securities-portfolio earnback losing traction.

That report will be the next dated update on deposit repricing, loan growth and securities-portfolio earnback. It will also show whether the rest of the insider position still sits in line with that path. That is the cleanest near-term read for investors. If the next report shows steadier returns and stable credit, the sale will matter less. If it does not, the trim will look more cautionary.