First United director buys shares via reinvestment

Q: Was the recent FUNC insider share purchase a direct or indirect holding?

The filing shows the shares are held directly by director Brian R. Boal. The 74.865 shares were acquired through a dividend reinvestment program in a brokerage account he maintains, bringing his directly held ownership in First United Corp. to 20,838.928 shares.

First United Corp. director buys additional shares via dividend reinvestment Director Brian R. Boal reported acquiring 74.865 shares of First United Corp. common stock on 02/03/2026 at a price of $39.68 per share.

Accepted by SEC EDGAR 02/05/2026 - 09:28 AM EST

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Rhea-AI Filing Summary

First United Corp. director buys additional shares via dividend reinvestment

Director Brian R. Boal reported acquiring 74.865 shares of First United Corp. common stock on 02/03/2026 at a price of $39.68 per share. The purchase was made through a dividend reinvestment program in a brokerage account he maintains, bringing his directly held stake to 20,838.928 shares.

Insider Trade Summary

Net Buyer: 74.865 shares

Net Buy 1 txn

Insider Boal Brian R.

Role Director

Bought 74.865 shs ($3K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	74.865	$39.68	$3K

Holdings After Transaction: Common Stock — 20,838.928 shares (Direct)

Footnotes (1)

F1. The shares were purchased pursuant to a dividend reinvestment program offered through a brokerage account maintained by the reporting person.

FAQ

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What insider transaction did First United Corp. (FUNC) disclose?

First United Corp. director Brian R. Boal disclosed buying 74.865 common shares on February 3, 2026. The acquisition was reported at $39.68 per share and occurred through a dividend reinvestment program in a brokerage account he maintains, increasing his directly held position.

How many First United Corp. (FUNC) shares does Brian R. Boal now own?

After the reported transaction, director Brian R. Boal beneficially owns 20,838.928 First United Corp. common shares directly. This total reflects the additional 74.865 shares acquired on February 3, 2026 through a dividend reinvestment program in his brokerage account.

What was the purchase price in the latest FUNC insider stock acquisition?

The reported purchase price was $39.68 per share for First United Corp. common stock. Director Brian R. Boal acquired 74.865 shares at this price on February 3, 2026 via a dividend reinvestment program linked to his brokerage account.

How were the new FUNC shares acquired by director Brian R. Boal?

The new shares were acquired through a dividend reinvestment program associated with a brokerage account maintained by Brian R. Boal. Instead of taking cash dividends, those dividends were used to purchase 74.865 additional First United Corp. common shares on February 3, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Boal Brian R.

(Last)

(First)

(Middle)

19 S. SECOND STREET

(Street)

OAKLAND

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)
02/03/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/03/2026		P		74.865⁽¹⁾	A	$39.68	20,838.928	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

	/s/ Tonya K. Sturm, attorney-in-fact	02/04/2026
	** 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.

Source: View Original Filing on SEC EDGAR