[Form 4] First United Corp Insider Trading Activity

Rhea-AI Filing Summary

Form 4 – First United Corp. (FUNC)

SVP & COO Jason B. Rush bought 74.438 common shares on 08/04/2025 at $32.28 per share (transaction code "P") through the company’s dividend reinvestment program. His direct ownership therefore increased to 24,918.965 shares, which figure includes 78.3939 shares previously credited via dividend reinvestment.

No shares were sold and no derivative positions were reported. The gross purchase value is roughly US $2.4 k, a modest amount relative to the executive’s existing stake and FUNC’s market capitalisation. While insider accumulation by a senior officer can be interpreted as a vote of confidence, the filing provides no additional financial metrics or strategic commentary.

Positive

• SVP & COO added 74.438 shares, indicating continued personal investment in FUNC stock.

Negative

• Transaction size is immaterial (~US$2.4 k), reducing its significance for valuation or sentiment.

Insights

Securities Analyst

TL;DR: Modest DRIP buy; minimal dollar value; minor positive signal.

The automated dividend-reinvestment purchase lifts Mr. Rush’s stake by less than 0.5 % and totals only about US$2.4 k, limiting informational value compared with discretionary open-market buys. Nonetheless, continued accumulation—rather than selling—slightly enhances alignment with shareholders. Given the immaterial size, I view the market impact as low and largely symbolic.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rush Jason Barry

(Last) (First) (Middle)

19 SOUTH SECOND STREET

(Street)

OAKLAND MD 21550

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST UNITED CORP/MD/ [ FUNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & COO

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/04/2025		P		74.438(1)	A	$32.28	24,918.965(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were purchased pursuant to a dividend reinvestment program offered through a brokerage account maintained by the reporting person.

2. Amount includes 78.3939 shares acquired with reinvested dividends pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan since the date of the last report.

	/s/ Jason B. Rush	08/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many FUNC shares did Jason B. Rush purchase?

He bought 74.438 common shares on 08/04/2025.

What was the purchase price per share in the Form 4 filing?

The shares were acquired at $32.28 each.

What is the executive’s total direct ownership after the trade?

Rush now directly owns 24,918.965 FUNC shares.

Was the purchase part of a dividend reinvestment plan?

Yes, the filing states it occurred through the First United Corp. Dividend Reinvestment and Stock Purchase Plan.

Were any derivative securities or share sales reported?

No, the Form 4 reports no derivative positions and no dispositions.