10% Owner Sells $7.7M in Shares, Reduces Stake to 5.4% Near 52-Week Highs

summarizeSummary

Castle Creek Capital Partners VII, LP, a 10% owner, sold 556,690 shares of Primis Financial Corp. common stock for $7.7 million, reducing its stake from 7.6% to 5.4%.

check_boxKey Events · Ownership and Investor Activity · FRST

• Significant Share Sale by 10% Owner

  Castle Creek Capital Partners VII, LP sold an aggregate of 556,690 shares of common stock between February 5 and April 10, 2026.

• $7.7 Million in Proceeds

  The sales generated net proceeds of $7,721,743.97 for the investment fund.

• Stake Reduced to 5.4%

  Following these transactions, Castle Creek Capital Partners VII, LP now beneficially owns 1,330,674 shares, representing approximately 5.4% of the outstanding common stock, down from a previously reported 7.6%.

• Sales Near 52-Week High

  Many of the sales occurred while the stock was trading near its 52-week high, indicating the investor capitalized on favorable market conditions.

auto_awesomeAnalysis · FRST · Finance

This Schedule 13D/A reports a significant reduction in ownership by Castle Creek Capital Partners VII, LP, a long-term institutional investor. The sale of over $7.7 million in shares, representing approximately 2.26% of the company's market capitalization, indicates a strategic reduction in exposure. The transactions occurred between February and April 2026, with many sales taking place while the stock was trading near its 52-week high, suggesting the investor is locking in gains. While not a complete exit, this substantial reduction in stake by a major shareholder could be perceived negatively by the market, especially given the company's recent turnaround to net income and EPS for 2025, as reported in its March 16, 2026 10-K.