FUNC CEO Carissa Rodeheaver discloses insider buys at ~$35

Rhea-AI Filing Summary

First United Corporation (FUNC) reported insider share purchases by Chairman, President & CEO Carissa L. Rodeheaver. On 11/03/2025, she acquired 46.2267 shares at $35.42 and 131.638 shares at $35.15, with the filing noting purchases pursuant to a dividend reinvestment program. Following these transactions, she directly owned 46,998.6609 shares. Indirect holdings were 85.6557 shares by spouse as UTMA custodian for son and 929.4075 shares via a 401(k) plan.

Insider Trade Summary

Net Buyer: 177.865 shares ($6,264)

Net Buy 4 txns

Insider Rodeheaver Carissa Lynn

Role Chairman, President & CEO

Bought 177.865 shs ($6K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	46.227	$35.42	$2K
Purchase	Common Stock	131.638	$35.15	$5K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 46,867.023 shares (Direct); Common Stock — 85.656 shares (Indirect, By spouse as UTMA custodian for son)

Footnotes (1)

1. The shares were purchased pursuant to a dividend reinvestment program offered through a brokerage account maintained by the reporting person. Amount includes 145.1714 shares acquired with reinvested dividends pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan since the date of the last report. Amount includes 0.6147 shares acquired with reinvested dividends pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan since the date of the last report. Amount includes 6.1523 shares acquired with reinvested dividends pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan since the date of the last report.

Form 4 Insider Transactions: What Each Field Means →

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^*

Rodeheaver Carissa Lynn

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2025

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	11/03/2025		P		46.2267(1)	A	$35.42	46,867.0229(2)	D
Common Stock	11/03/2025		P		131.638(1)	A	$35.15	46,998.6609	D
Common Stock								85.6557(3)	I	By spouse as UTMA custodian for son
Common Stock								929.4075(4)	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 145.1714 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 0.6147 shares acquired with reinvested dividends pursuant to the First United Corporation Dividend Reinvestment and Stock Purchase Plan since the date of the last report.

4. Amount includes 6.1523 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/ Carissa L. Rodeheaver	11/05/2025
	** 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 FUNC’s CEO report in this Form 4?

Carissa L. Rodeheaver reported purchasing 46.2267 shares at $35.42 and 131.638 shares at $35.15 on 11/03/2025.

How many FUNC shares does the CEO own after the transactions?

She directly owned 46,998.6609 shares following the reported transactions.

Were the purchases part of a dividend reinvestment program?

Yes. The filing states the shares were purchased pursuant to a dividend reinvestment program.

Does the Form 4 show any indirect holdings for the CEO?

Yes. Indirect holdings include 85.6557 shares by spouse as UTMA custodian for son and 929.4075 shares via a 401(k) plan.

What is the reporting person’s role at First United (FUNC)?

Carissa L. Rodeheaver is Chairman, President & CEO and a Director.

Were any derivatives reported in the filing?

No derivative transactions were reported in Table II.