Director at First United (NASDAQ: FUNC) surrenders shares to cover taxes

Rhea-AI Filing Summary

FIRST UNITED CORP/MD/ director Carissa Lynn Rodeheaver reported a small tax-related share disposition. On February 25, 2026, she surrendered 164 shares of common stock at $35.42 per share to the issuer to satisfy tax withholding tied to vesting restricted stock units granted on February 25, 2025.

After this tax-withholding disposition, she directly holds 47,133.0042 shares of common stock. She also reports indirect ownership of 86.2452 shares held by her spouse as UTMA custodian for their son and 936.1499 shares held through a 401(k) plan.

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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		F		164(1)	D	$35.42	47,133.0042	D
Common Stock								86.2452	I	By spouse as UTMA custodian for son
Common Stock								936.1499	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 surrendered to the issuer in satisfaction of the tax withholding obligations associated with the vesting of time-vesting restricted stock units that were granted on February 25, 2025 as permitted by the related award agreement and approved by the issuer's Compensation Committee.

	/s/ Carissa L. Rodeheaver	02/25/2026
	** 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 did Carissa Lynn Rodeheaver report in this Form 4 for FIRST UNITED CORP/MD/ (FUNC)?

Carissa Lynn Rodeheaver reported surrendering 164 shares of FIRST UNITED CORP/MD/ common stock. The shares were delivered to the issuer to cover tax withholding triggered by the vesting of previously granted restricted stock units on February 25, 2026.

Was the FUNC Form 4 transaction by Rodeheaver an open-market sale?

No, the reported FUNC transaction was not an open-market sale. The 164 shares were surrendered directly to the issuer to satisfy tax withholding obligations related to vesting restricted stock units, as allowed under the award agreement and approved by the Compensation Committee.

How many FIRST UNITED CORP/MD/ (FUNC) shares does Rodeheaver hold after the reported transaction?

After the transaction, Rodeheaver directly holds 47,133.0042 FUNC common shares. She also reports indirect holdings of 86.2452 shares via her spouse as UTMA custodian for their son and 936.1499 shares through a 401(k) plan.

What is the nature of the tax-withholding disposition reported for FUNC?

The tax-withholding disposition involved surrendering 164 FUNC shares to the issuer. This satisfied tax obligations arising from the vesting of time-vesting restricted stock units originally granted on February 25, 2025, in accordance with the award agreement and Compensation Committee approval.

How is Rodeheaver’s indirect ownership in FIRST UNITED CORP/MD/ (FUNC) structured?

Rodeheaver’s indirect FUNC ownership includes 86.2452 shares held by her spouse as UTMA custodian for their son and 936.1499 shares held in a 401(k) plan. These positions are separate from her directly owned 47,133.0042 common shares.

What transaction code and description apply to Rodeheaver’s FUNC share surrender?

The transaction uses code F, defined as paying an exercise price or tax liability by delivering securities. In this case, Rodeheaver surrendered 164 FUNC shares to meet tax withholding obligations linked to vesting restricted stock units approved by the Compensation Committee.