(FBP)

Role: EVP and CRO
Signature: /s/ Adolfo Sepulveda, Esq. as attorney-in-fact
Stock symbol: FBP
Transactions as of: Nov 8, 2022
Transactions value $: -$393,238
Form type: 4
Date filed: 11/10/2022, 03:10 PM
Previous filing: Aug 16, 2022
Next filing: Mar 20, 2023

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	-$77K	-5K	-1.95%	$15.40	252K	Nov 8, 2022	Direct
transaction	FBP	First BanCorp Common Stock, par value $0.10 per share.	Sale	-$316K	-20K	-7.94%	$15.81	232K	Nov 10, 2022	Direct	F1, 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 November 10, 2022 at prices ranging from $15.80 to $15.8350. 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 footnote (1).
F2	Includes 2,475 shares purchased through the Employee Stock Purchase Plan.

Content

This amount represents the weighted average sale price for the shares, which were sold in multiple transactions on November 10, 2022 at prices ranging from $15.80 to $15.8350. 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 footnote (1).

Includes 2,475 shares purchased through the Employee Stock Purchase Plan.