FUNC Form 4: Director Rudy Robert Sells 2,000 Shares at $37.35

Rhea-AI Filing Summary

Rudy Irvin Robert, a director of First United Corp (FUNC), reported a sale of 2,000 shares on 08/26/2025 at a price of $37.35 per share, reducing his beneficial ownership to 37,500 shares (direct). The filing notes that 1,500 shares had been transferred from the I.R. Rudy Business Trust to Mr. Robert's direct ownership on June 27, 2025. No derivative securities were reported. The Form 4 was signed by attorney-in-fact Tonya K. Sturm.

Insights

Corporate Governance Expert

TL;DR: Routine insider sale by a director with remaining direct ownership of 37,500 shares; includes prior trust-to-direct transfer.

This Form 4 discloses a standard Section 16 insider sale: a director sold 2,000 common shares at $37.35, leaving 37,500 shares beneficially owned directly. The filing also documents a prior internal transfer of 1,500 shares from a related trust to direct ownership, which is an ownership form change rather than a market disposition. No options, warrants, or other derivatives were reported, and there are no indications of unusual trading patterns or material corporate actions tied to the transaction.

Securities Analyst

TL;DR: Transaction appears routine and informational; the sale size is small relative to typical institutional blocks.

The reported sale of 2,000 shares at $37.35 is a discrete, disclosed insider sale and reduces the director's stake to 37,500 shares. The explanatory note clarifies that 1,500 shares were reclassified from indirect (I.R. Rudy Business Trust) to direct ownership earlier in June 2025, which affects reporting but not total economic ownership at that time. From an investor-materiality perspective, this filing provides transparency but does not, on its face, indicate a materially adverse development for the company.

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
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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^*

RUDY IRVIN ROBERT

(Last) (First) (Middle)

121 NORTH SECOND ST

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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	08/26/2025		S		2,000	D	$37.35	37,500(1)	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. Amount includes 1,500 shares that were previously reported as being indirectly owned by I.R. Rudy Business Trust and transferred to direct ownership on June 27, 2025.

	/s/ Tonya K. Sturm, attorney-in-fact	08/26/2025
	** 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

What did the Form 4 filed for First United Corp (FUNC) disclose?

The Form 4 discloses that director Rudy Irvin Robert sold 2,000 shares on 08/26/2025 at $37.35, leaving 37,500 shares beneficially owned directly.

How many shares does director Rudy Irvin Robert own after the reported sale?

Following the reported transaction, Mr. Robert beneficially owns 37,500 shares directly.

Were any derivative securities reported in this Form 4 for FUNC?

No. The Form 4 contains no reported derivative securities; only a non-derivative sale of common stock is disclosed.

What is the significance of the 1,500-share transfer mentioned in the filing?

The filing states 1,500 shares were transferred from the I.R. Rudy Business Trust to Mr. Robert's direct ownership on June 27, 2025, a reporting reclassification rather than a market sale.

Who signed the Form 4 for Rudy Irvin Robert?

The Form 4 was signed by attorney-in-fact Tonya K. Sturm on 08/26/2025.