New Peoples director buys 5,500 shares
Rhea-AI Filing Summary
NEW PEOPLES BANKSHARES INC (NWPP) director and ten percent owner Blaine Scott White reported open-market purchases of 5,000 common shares on September 15, 2026 at $4.85 per share and 500 shares on September 17, 2026 at $4.86 per share, both held indirectly as trustee for a trust. No Rule 10b5-1 trading plan is reported for these transactions. The Form 4 also lists substantial direct and indirect common stock holdings across personal, spouse, LLC, partnership, and trust accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,500 shares
Net Buy
12 txns
Insider
White Blaine Scott
Role
Director, 10% Owner
Bought
5,500 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 500 | $4.86 | $2K |
| Purchase | Common Stock F1 | 5,000 | $4.85 | $24K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,095,652 shares (Indirect, Trustee);
Common Stock — 1,113,205 shares (Direct);
Common Stock — 1,255,247 shares (Indirect, by Sky Investments LLC);
Common Stock — 136,060 shares (Indirect, Spouse);
Common Stock — 2,061,666 shares (Indirect, by SBTB, L.P.)
Footnotes (4)
- F1. As trustee for B. Scott White Trust
- F2. As trustee for IRA fbo B. Scott White
- F3. As trustee for irrevocable trust for child
- F4. As trustee for four irrevocable trusts for grandchildren
Key Figures
Shares purchased September 15, 2026: 5,000 shares
Shares purchased September 17, 2026: 500 shares
Purchase price September 15, 2026: $4.85 per share
+5 more
8 metrics
Shares purchased September 15, 2026
5,000 shares
Indirect purchase as trustee at $4.85 per share
Shares purchased September 17, 2026
500 shares
Indirect purchase as trustee at $4.86 per share
Purchase price September 15, 2026
$4.85 per share
5,000 NWPP common shares bought indirectly
Purchase price September 17, 2026
$4.86 per share
500 NWPP common shares bought indirectly
Direct holdings after transactions
1,113,205 shares
NWPP common stock held directly as of September 15, 2026
Indirect holdings via Sky Investments LLC
1,255,247 shares
NWPP common stock held indirectly by Sky Investments LLC
Indirect holdings by spouse
136,060 shares
NWPP common stock held indirectly through spouse
Indirect holdings via SBTB, L.P.
2,061,666 shares
NWPP common stock held indirectly by SBTB, L.P.
Key Terms
indirect ownership, Trustee, ten percent owner, Rule 10b5-1
4 terms
indirect ownership financial
"The filing classifies several positions as indirect ownership, including trustee, spouse, and entity-held shares."
Trustee financial
"Some common stock is held with Blaine Scott White listed as Trustee for various trusts and an IRA."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
ten percent owner financial
"Blaine Scott White is identified as a director and ten percent owner of NEW PEOPLES BANKSHARES INC."
Rule 10b5-1 regulatory
"The document-level checkbox indicates no Rule 10b5-1 trading plan is reported."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did NWPP report for Blaine Scott White in this Form 4?
The Form 4 reports that Blaine Scott White purchased 5,000 NWPP common shares on September 15, 2026 at $4.85 per share and 500 shares on September 17, 2026 at $4.86 per share, both classified as indirect ownership as trustee for a trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
