First United (FUNC) CFO boosts stock stake through dividend reinvestment

Rhea-AI Filing Summary

First United Corporation executive Tonya K. Sturm, EVP & CFO, modestly increased her stake through a dividend reinvestment transaction. On 02/03/2026 she acquired 2.815 shares of common stock at $39.68 per share under a dividend reinvestment program in her brokerage account.

After this transaction, she directly beneficially owns 10,826.9988 common shares and indirectly beneficially owns 5.4999 common shares through a 401(k) plan. Footnotes explain that these amounts include fractional shares accumulated from reinvested dividends under First United Corporation’s Dividend Reinvestment and Stock Purchase Plan since the prior report.

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

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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^*

Sturm Tonya K.

(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)
	EVP & CFO

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/03/2026		P		2.815(1)	A	$39.68	10,826.9988(2)	D
Common Stock								5.4999(3)	I	By 401(k) plan

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 61.4678 shares acquired with reinvested dividends pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan since the date of the last report.

3. Amount includes 0.0396 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/ Tonya K. Sturm	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.

FAQ

What insider transaction did FUNC executive Tonya K. Sturm report?

Tonya K. Sturm, EVP & CFO of First United Corporation, reported buying 2.815 common shares on February 3, 2026 at $39.68 per share. The purchase occurred through a dividend reinvestment program in a brokerage account she maintains, rather than an open-market discretionary trade.

How many FUNC shares does Tonya K. Sturm own after this Form 4?

After the reported transaction, Tonya K. Sturm beneficially owns 10,826.9988 First United common shares directly. She also beneficially owns 5.4999 additional common shares indirectly through a 401(k) plan, reflecting accumulated holdings and fractional shares from dividend reinvestment activity.

At what price were the newly acquired FUNC shares purchased?

The 2.815 First United common shares reported on the Form 4 were acquired at a price of $39.68 per share. This price applied within a dividend reinvestment program, where cash dividends are automatically used to purchase additional company stock for the participant.

Was the FUNC insider purchase part of a dividend reinvestment plan?

Yes. The filing explains the shares were acquired through a dividend reinvestment program in a brokerage account. Footnotes further state the reported balances include additional fractional shares accumulated under the First United Corporation Dividend Reinvestment and Stock Purchase Plan since the last report.

What does the indirect FUNC ownership in Tonya K. Sturm’s Form 4 represent?

The indirect ownership of 5.4999 First United common shares is held through a 401(k) plan. This figure also includes a small fractional amount, 0.0396 shares, that was acquired via reinvested dividends under the company’s Dividend Reinvestment and Stock Purchase Plan since the previous filing.

Does this FUNC Form 4 report any derivative securities for the CFO?

No derivative securities are listed in the reported tables for this filing. Table II, which would detail options, warrants, or other derivatives, contains no entries, so the reported activity relates only to common stock and associated dividend reinvestment holdings.