PEBK Form 144: Proposed sale of 600 shares valued $18,332

Form 144 notice for Peoples Bancorp of North Carol (PEBK) reports a proposed sale of 600 common shares to be executed through Wells Fargo Clearing Services on 09/03/2025 with an aggregate market value of $18,331.59.

Rhea-AI Filing Summary

Form 144 notice for Peoples Bancorp of North Carol (PEBK) reports a proposed sale of 600 common shares to be executed through Wells Fargo Clearing Services on 09/03/2025 with an aggregate market value of $18,331.59. The filing states these 600 shares were acquired by inheritance on 11/30/2020 from Christine Abernethy and the seller represents no undisclosed material adverse information about the issuer. The form also discloses three prior sales by related persons in the past three months: 600 shares on 08/04/2025 (gross proceeds $16,551.45), 600 shares on 07/31/2025 ($16,883.05), and 600 shares on 08/25/2025 ($18,414.07).

Insights

Securities Analyst

TL;DR: Routine Form 144 reporting planned sale of inherited shares; disclosed recent small-volume disposals by related persons.

This Form 144 documents a single planned sale of 600 common shares of PEBK with an indicated market value of $18,331.59, acquired by inheritance in 2020. The filing complies with Rule 144 disclosure requirements and includes prior related sales in the last three months totaling 1,800 shares. Based solely on the information provided, these are routine dispositions by insiders/related persons rather than corporate actions; the filing contains standard rep/attestation about no undisclosed material information.

Corporate Governance Expert

TL;DR: Properly completed notice showing insider-derived shares being sold; disclosures align with Rule 144 mechanics.

The form identifies the nature of acquisition as an inheritance and names the broker and planned sale date, meeting procedural requirements. It also lists three recent sales by related individuals with gross proceeds. The document includes the required attestation regarding material adverse information. No governance breaches or missing signatures are apparent within the provided content.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 for PEBK report?

The form reports a proposed sale of 600 common shares of PEBK valued at $18,331.59, to occur on 09/03/2025 through Wells Fargo Clearing Services.

How were the 600 shares being sold by the filer acquired?

The shares were acquired by inheritance on 11/30/2020 from Christine Abernethy.

Were there other recent sales by related persons disclosed?

Yes. The filing lists three sales in the past three months: 600 shares on 07/31/2025 ($16,883.05), 600 shares on 08/04/2025 ($16,551.45), and 600 shares on 08/25/2025 ($18,414.07).

Through which broker will the planned sale be executed?

The planned sale is to be executed through Wells Fargo Clearing Services, 1 N. Jefferson Ave., St. Louis, MO 63103.

Does the filer attest to possession of undisclosed material information?

Yes. The signer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/03/2025 - 04:19 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001244172
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PEOPLES BANCORP OF NORTH CAROLINA INC
SEC File Number	000-27205
Address of Issuer	518 WEST C STREET PO BOX 467 NEWTON NORTH CAROLINA 28658-4007
Phone	8284645620
Name of Person for Whose Account the Securities are To Be Sold	ABERNETHY JAMES S
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Wells Fargo Clearing Services 1 N. Jefferson Ave. St. Louis MO 63103	600	18331.59	5459441	09/03/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/30/2020	Inheritance	Christine Abernethy			600	11/30/2020	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
James Abernethy 518 West C. Street Newton SC 28658-4007	Common Shares of PEBK	08/04/2025	600	16551.45
Adrian Abernethy 518 West C. Street Newton SC 28658-4007	Common Shares of PEBK	07/31/2025	600	16883.05
James Abernethy 518 West C. Street Newton SC 28658-4007	Common Shares of PEBK	08/25/2025	600	18414.07

144: Remarks and Signature

Remarks	Shares sold today were sold by Adrian Abernethy.
Date of Notice	09/03/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	James S. Abernethy
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)