Donovan Richard M sold (to issuer) 46,787 shares of FSEA (indirect holdings)
Donovan Richard M (President and CFO) sold (to issuer) 46,787 indirectly-held shares of First Seacoast Bancorp, Inc. (FSEA) across 4 trades on 2026-10-01.
How this was made
The 30-second read
Why it matters
The sale reduces insider ownership to zero, which may be interpreted as a negative signal by the market.
Market read
A senior executive's complete divestiture could prompt short‑term price pressure, though the overall market impact is limited.
What to watch
No disclosed price or total value; the market may not react strongly without context.
Background
Form 4 filings disclose insider transactions to the SEC; this filing reports a complete divestiture by the CFO.
Ticker impact
President and CFO Donovan Richard M sold 46,787 shares of First Seacoast Bancorp in a Form 4 filing, reducing his holdings to zero.
likely downward pressure as the market prices the insider sell
Insider sales by senior officers often lead to short-term sell‑offs, especially when the sale size is material relative to the insider's holdings.
Market effects
Minimal impact on regional banking sector; isolated insider transaction.
Limited to investors tracking First Seacoast Bancorp.
None
Counterpoint
The sale could be a routine liquidity move unrelated to company outlook.
Key entities
- CompanyFirst Seacoast Bancorp, Inc.
U.S. regional bank (NASDAQ: FSEA) whose CFO sold his entire stake.
- PersonDonovan Richard M
President and CFO of First Seacoast Bancorp, reporting the insider sale.