10% Owner Olivia Britton Holding Trims Depositary Shares in First Citizens BancShares

Insider Transaction Summary

On September 15, 2026, Olivia Britton Holding, a 10% Owner of First Citizens BancShares Inc ($FCNCA), executed open-market sales totaling 7,000 Depositary Shares indirectly held through Holding Properties, LLC.

Key Details:

• Security: Depositary Shares (each representing a 1/40th interest in 5.375% Non-Cumulative Perpetual Preferred Stock, Series A)
• Transactions:
  • 2,000 shares sold at $19.60
  • 5,000 shares sold at $19.50
• Total Consideration: $136,700
• Post-Transaction Holdings: Holding Properties, LLC retains 15,000 Depositary Shares, along with substantial direct and indirect holdings across Class A and Class B common stock.

Analysis & Context:

• Significance: Low. The disposition represents a routine, low-value sale in preferred/depositary shares rather than voting common stock.
• Overall Footprint: Olivia Britton Holding maintains massive beneficial stakes across multiple family entities, trusts, and holding companies in First Citizens BancShares Class A and Class B common stock.