First United CFO Tonya K. Sturm buys 2.647 shares

The report also lists 11,900.9563 directly held shares and 5.6065 shares held through a 401(k) plan.

Available on EDGAR 11/03/2026 - 06:47 PM EST Accepted by SEC EDGAR 11/03/2026 - 06:47 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

FIRST UNITED CORP's EVP & CFO, Tonya K. Sturm, purchased 2.6470 common shares at $46.3080 per share on November 2, 2026, through a dividend reinvestment program. Her reported direct holding after the transaction was 11,900.9563 shares, including 63.2185 shares acquired with reinvested dividends since the date of the last report. The report also lists 5.6065 shares held indirectly through a 401(k) plan, including 0.0316 shares acquired with reinvested dividends. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 2.647 shares

Net Buy 1 txn

Insider Sturm Tonya K.

Role EVP & CFO

Bought 2.647 shs ($122.58)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1, F2	2.647	$46.308	$122.58
Holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 11,900.9563 shares (Direct); Common Stock — 5.6065 shares (Indirect, By 401(k) plan)

Footnotes (3)

1. F1. The shares were purchased pursuant to a dividend reinvestment program offered through a brokerage account maintained by the reporting person.
2. F2. Amount includes 63.2185 shares acquired with reinvested dividends pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan (the "DRSPP") since the date of the last report.
3. F3. Amount includes 0.0316 shares acquired with reinvested dividends pursuant to the DRSPP since the date of the last report.

Key Figures

Common shares purchased: 2.6470 shares Purchase price: $46.3080 per share Direct common shares following transaction: 11,900.9563 shares +3 more

6 metrics

Common shares purchased 2.6470 shares November 2, 2026

Purchase price $46.3080 per share November 2, 2026

Direct common shares following transaction 11,900.9563 shares Reported after the November 2, 2026 transaction

Shares acquired with reinvested dividends 63.2185 shares Included in the reported direct holding; acquired since the date of the last report

Indirect common shares 5.6065 shares Held by 401(k) plan

Shares acquired with reinvested dividends 0.0316 shares Included in the reported indirect holding

Key Terms

dividend reinvestment program, Dividend Reinvestment and Stock Purchase Plan, 401(k) plan

3 terms

dividend reinvestment program financial

"purchased pursuant to a dividend reinvestment program"

A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.

Dividend Reinvestment and Stock Purchase Plan financial

"First United Corporation Dividend Reinvestment and Stock Purchase Plan"

A dividend reinvestment and stock purchase plan lets investors automatically use cash dividends to buy additional shares and often make extra share purchases directly from the company, usually at low or no commission. Think of it as an automatic savings plan for stock: dividends and optional contributions are turned into more shares, helping ownership grow through compounding and making regular investing simple and low-cost—key for long-term investors.

401(k) plan financial

"By 401(k) plan"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many FUNC shares did Tonya K. Sturm buy?

Tonya K. Sturm, EVP & CFO of FIRST UNITED CORP, purchased 2.6470 common shares at $46.3080 per share on November 2, 2026, through a dividend reinvestment program. No Rule 10b5-1 plan is reported.

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^*

Sturm Tonya K.

(Last) (First) (Middle)

19 SOUTH SECOND STREET

(Street)

OAKLAND MARYLAND 21550

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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

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

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

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	11/02/2026		P		2.647(1)	A	$46.308	11,900.9563(2)	D
Common Stock								5.6065(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 63.2185 shares acquired with reinvested dividends pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan (the "DRSPP") since the date of the last report.

3. Amount includes 0.0316 shares acquired with reinvested dividends pursuant to the DRSPP since the date of the last report.

	/s/ Tonya K. Sturm	11/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)