Primis Financial (NASDAQ: FRST) director adds 250 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Primis Financial Corp. director Garrett F. L. III reported an open-market purchase of 250 shares of common stock at a weighted average price of about $15.03 per share. Following this transaction, he directly owns 48,184 shares, including 2,884 shares held in an IRA for his benefit.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 250 shares ($3,758)
Net Buy
1 txn
Insider
GARRETT F L III
Role
null
Bought
250 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 250 | $15.03 | $4K |
Holdings After Transaction:
Common Stock — 48,184 shares (Direct, null)
Footnotes (1)
- Price indicated is the weighted average sales price as a result of a series of transactions ranging in price from $15.00 to $15.05 per share. Total Ownership includes 2,884 shares held in an IRA for Mr. Garrett's benefit.
Key Figures
Shares purchased: 250 shares
Purchase price: $15.03 per share
Post-transaction holdings: 48,184 shares
+2 more
5 metrics
Shares purchased
250 shares
Open-market purchase of common stock
Purchase price
$15.03 per share
Weighted average price for the 250-share trade
Post-transaction holdings
48,184 shares
Total common shares owned after transaction
IRA holdings
2,884 shares
Portion of total held in an IRA for the director
Net buy shares
250 shares
Net change in common stock from this Form 4
Key Terms
open-market purchase, weighted average, IRA, non-derivative
4 terms
open-market purchase financial
"transaction_action":"open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average financial
"Price indicated is the weighted average sales price as a result"
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
IRA financial
"includes 2,884 shares held in an IRA for Mr. Garrett's benefit"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
non-derivative financial
""transaction_type":"non-derivative""
FAQ
What insider transaction did Primis Financial Corp. (FRST) disclose?
Primis Financial Corp. disclosed that director Garrett F. L. III made an open-market purchase of 250 shares of common stock at a weighted average price of about $15.03 per share, increasing his directly held stake reported in this filing.
Was the Primis Financial Corp. (FRST) insider transaction a buy or a sell?
The Form 4 shows a buy transaction. Director Garrett F. L. III executed an open-market purchase of 250 shares of Primis Financial Corp. common stock, classified with transaction code “P,” which denotes an open-market or private purchase transaction.
Does the Primis Financial Corp. (FRST) Form 4 show any derivative transactions?
No derivative transactions are listed in this Form 4. The filing reports only a single non-derivative open-market purchase of common stock and shows no remaining derivative positions in the derivativeSummary section for this reporting person.