(FBP)

Role: EVP and CFO
Signature: /s/Orlando Berges
Stock symbol: FBP
Transactions as of: May 5, 2021
Transactions value $: -$1,037,985
Form type: 4
Date filed: 5/7/2021, 05:56 PM
Next filing: May 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FBP	First BanCorp Common Stock, par value $0.10 per share.	Sale	-$645K	-50K	-11.79%	$12.90	374K	May 5, 2021	Direct	F1
transaction	FBP	First BanCorp Common Stock, par value $0.10 per share.	Sale	-$393K	-30K	-8.02%	$13.11	344K	May 6, 2021	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amount represents the weighted average sale price for the shares, which were sold in multiple transactions on May 5, 2021 at prices ranging from $12.8850 to $12.9050.
F2	This amount represents the weighted average sale price for the shares, which were sold in multiple transactions on May 6, 2021 at prices ranging from $13.1001 to $13.1101. The reporting person undertakes to provide to First BanCorp, any security holder of First BanCorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

Content

This amount represents the weighted average sale price for the shares, which were sold in multiple transactions on May 5, 2021 at prices ranging from $12.8850 to $12.9050.

This amount represents the weighted average sale price for the shares, which were sold in multiple transactions on May 6, 2021 at prices ranging from $13.1001 to $13.1101. The reporting person undertakes to provide to First BanCorp, any security holder of First BanCorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.