New Peoples Bankshares director buys 1,716 shares
Blaine Scott White, a director and more than 10% owner of New Peoples Bankshares Inc (NWPP), purchased 1,716 shares of common stock on August 5, 2026 at $4.35 per share in an indirect trust account.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Blaine Scott White, a director and more than 10% owner of New Peoples Bankshares Inc (NWPP), purchased 1,716 shares of common stock on August 5, 2026 at $4.35 per share in an indirect trust account. He reported 1,113,205 shares held directly, plus substantial indirect holdings including 1,255,247 shares via Sky Investments LLC, 2,061,666 via SBTB, L.P., and 136,060 held by his spouse.
Insider Trade Summary
Net Buyer: 1,716 shares
Net Buy
1 txn
Insider
White Blaine Scott
Role
Director, 10% Owner
Bought
1,716 shs ($7K)
Increase in Position
0.66%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 1,716 | $4.35 | $7K |
| 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 — 1,090,152 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.)
Holdings Before and After:
Common Stock, 1,088,436 to 1,090,152 shares (Indirect, Trustee)
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: 1716.0000 shares
Purchase price per share: $4.3500 per share
Direct holdings after transaction: 1113205.0000 shares
+3 more
6 metrics
Shares purchased
1716.0000 shares
Common Stock bought on 2026-08-05 as an indirect trust holding
Purchase price per share
$4.3500 per share
Price paid for the 1,716 Common Stock shares on 2026-08-05
Direct holdings after transaction
1113205.0000 shares
Common Stock held directly by Blaine Scott White following the reported trade
Indirect holdings via Sky Investments LLC
1255247.0000 shares
Common Stock held indirectly through Sky Investments LLC
Indirect holdings held by spouse
136060.0000 shares
Common Stock reported as indirectly owned through spouse
Indirect holdings via SBTB, L.P.
2061666.0000 shares
Common Stock held indirectly through SBTB, L.P.
Key Terms
indirect ownership, Rule 10b5-1 trading plan, ten percent owner, trustee
4 terms
indirect ownership financial
"Ownership type indirect marks <b>indirect ownership</b> of shares reported for related entities."
Rule 10b5-1 trading plan regulatory
"The aff_10b5_one flag indicates whether trades were under a <b>Rule 10b5-1 trading plan</b>."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
ten percent owner financial
"Reporting person data list White as a director and <b>ten percent owner</b> of the issuer."
trustee financial
"Footnotes describe White acting as <b>trustee</b> for multiple personal and family trusts holding shares."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Blaine Scott White report for NWPP?
White reported purchasing 1,716 New Peoples Bankshares shares at $4.35 per share on August 5, 2026. The trade was recorded as an indirect holding in his role as trustee for the B. Scott White Trust. He is a director and more than 10% owner of the company.
What indirect NWPP holdings did Blaine Scott White disclose through entities and family?
White reported indirect ownership of 1,255,247 shares via Sky Investments LLC, 2,061,666 shares through SBTB, L.P., and 136,060 shares held by his spouse. He also serves as trustee for multiple personal and family trusts holding additional New Peoples Bankshares common stock.
Was Blaine Scott White’s NWPP trade made under a Rule 10b5-1 plan?
The transaction was not marked as executed under a Rule 10b5-1 trading plan, because the dedicated checkbox for such plans was left unchecked. The reported purchase is therefore presented as a discretionary trade rather than part of an automatic trading program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
