New Peoples director buys 5,000 shares
NEW PEOPLES BANKSHARES INC director and ten percent owner Blaine Scott White reported an open-market purchase of 5,000 shares of common stock on June 4, 2026 at $4.342 per share.
Rhea-AI Filing Summary
NEW PEOPLES BANKSHARES INC director and ten percent owner Blaine Scott White reported an open-market purchase of 5,000 shares of common stock on June 4, 2026 at $4.342 per share. The transaction was made indirectly in an account where he serves as trustee, bringing that trust’s holdings to 259,950 shares after the trade.
In the same filing, White also reports substantial additional ownership in NEW PEOPLES BANKSHARES INC through various indirect entities and as trustee for multiple trusts, as well as 1,113,205 shares held directly, underscoring a large overall stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares
Net Buy
11 txns
Insider
White Blaine Scott
Role
Director, 10% Owner
Bought
5,000 shs ($22K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 5,000 | $4.342 | $22K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,088,436 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: 5,000 shares
Purchase price: $4.342 per share
Trust holdings after trade: 259,950 shares
+4 more
7 metrics
Shares purchased
5,000 shares
Open-market buy on June 4, 2026
Purchase price
$4.342 per share
Price paid for 5,000 NWPP shares
Trust holdings after trade
259,950 shares
Trustee account total after the purchase
Direct holdings
1,113,205 shares
Shares held directly by Blaine Scott White
SBTB, L.P. holdings
2,061,666 shares
Indirect ownership via SBTB, L.P.
Sky Investments LLC holdings
1,255,247 shares
Indirect ownership via Sky Investments LLC
Spouse account holdings
136,060 shares
Indirect ownership through spouse
Key Terms
open-market purchase, ten percent owner, indirect ownership, trustee, +1 more
5 terms
open-market purchase financial
"reported an open-market purchase of 5,000 shares of common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ten percent owner regulatory
"director and ten percent owner Blaine Scott White reported"
indirect ownership financial
"reports substantial additional ownership in NEW PEOPLES BANKSHARES INC through various indirect entities"
trustee financial
"transaction was made indirectly in an account where he serves as trustee"
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.
Form 4 regulatory
"In the same filing, White also reports substantial additional ownership"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NWPP director Blaine Scott White report?
Blaine Scott White reported buying 5,000 NEW PEOPLES BANKSHARES INC shares. The open-market purchase occurred on June 4, 2026 at $4.342 per share, increasing the holdings of a trust where he serves as trustee.
What types of indirect ownership in NWPP does the insider report?
The filing lists indirect ownership via SBTB, L.P., Sky Investments LLC, a spouse account, and several trusts. These include irrevocable trusts for a child and four irrevocable trusts for grandchildren, all contributing to his overall beneficial stake in NEW PEOPLES BANKSHARES INC.
Is this NWPP Form 4 transaction classified as a buy or sell?
The disclosed Form 4 transaction is classified as a buy. Specifically, it is an open-market purchase of 5,000 NEW PEOPLES BANKSHARES INC common shares, with no reported share sales in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
