Peoples Bancorp director plans $51K stock sale

PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK) received a notice that director Robert C. Abernethy Jr. intends to sell 1,200 shares of common stock under Rule 144 through Wells Fargo Clearing Services.

Rhea-AI Filing Summary

PEOPLES BANCORP OF NORTH CAROLINA INC (PEBK) received a notice that director Robert C. Abernethy Jr. intends to sell 1,200 shares of common stock under Rule 144 through Wells Fargo Clearing Services. The shares, acquired by inheritance from Christine S. Abernethy on 11/30/2020, have an aggregate market value of $51,376.25. The filing lists 5,461,490 common shares outstanding and cites Nasdaq as the trading market, with an anticipated sale date of 09/01/2026. It also discloses several prior sales over the past three months.

Key Figures

Shares to be sold: 1,200 shares of common stock Aggregate market value of planned sale: $51,376.25 Shares outstanding: 5,461,490 shares +4 more

7 metrics

Shares to be sold 1,200 shares of common stock Planned Rule 144 sale by Robert C. Abernethy Jr.

Aggregate market value of planned sale $51,376.25 Value of 1,200 PEBK shares to be sold

Shares outstanding 5,461,490 shares Outstanding common shares of PEBK for the class being sold

Prior sale on 06/01/2026 1,200 shares for $49,184.57 PEBK common shares sold in past 3 months

Prior sale on 07/23/2026 1,200 shares for $49,356.02 PEBK common shares sold in past 3 months

Prior sale on 08/07/2026 950 shares for $39,803.52 PEBK common shares sold in past 3 months

Acquisition date of shares to be sold 11/30/2020 Inheritance from Christine S. Abernethy

Key Terms

Rule 144, aggregate market value, securities to be sold, securities sold during the past 3 months

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

aggregate market value financial

"Common ... 1200 | 51376.25 | 5461490"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

securities to be sold financial

"144: Securities To Be Sold"

securities sold during the past 3 months financial

"144: Securities Sold During The Past 3 Months"

FAQ

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

What does the Form 144 filing for PEBK disclose about planned share sales?

The Form 144 states that 1,200 PEBK common shares held by director Robert C. Abernethy Jr. may be sold under Rule 144 through Wells Fargo Clearing Services, with an aggregate market value of $51,376.25 and an anticipated sale date of 09/01/2026.

How many PEBK shares are outstanding according to this Form 144?

The notice lists 5,461,490 PEBK common shares as outstanding for the class covered by the planned Rule 144 sale, providing context for the relative size of the 1,200-share proposed transaction.

How were the PEBK shares to be sold under this Form 144 acquired?

The 1,200 PEBK shares covered by the Form 144 were acquired by inheritance from Christine S. Abernethy on 11/30/2020, as disclosed in the securities-to-be-sold section.

What prior PEBK share sales by Robert C. Abernethy Jr. are disclosed?

The filing lists three prior sales of PEBK common shares in the last three months: 1,200 shares for $49,184.57 on 06/01/2026, 1,200 shares for $49,356.02 on 07/23/2026, and 950 shares for $39,803.52 on 08/07/2026.

Through which broker are the PEBK shares expected to be sold under this Form 144?

The Form 144 identifies Wells Fargo Clearing Services, located at 1 N. Jefferson Ave., St. Louis, MO 63103, as the broker for the planned sale of 1,200 PEBK common shares on Nasdaq.

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

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Available on EDGAR 09/01/2026 - 03:06 PM EDT Accepted by SEC EDGAR 09/01/2026 - 03:06 PM EDT 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	0002052002
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 Robert C. JR
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	1200	51376.25	5461490	09/01/2026	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 S. Abernethy			1200	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
Robert C. Abernethy Jr. 518 West C Street Newton NC 28658	Common shaes of PEBK	08/07/2026	950	39803.52
Robert C. Abernethy Jr. 518 West C. Street Newton NC 28658	Common shares of PEBK	07/23/2026	1200	49356.02
Robert C. Abernethy Jr. 518 West C. Street Newton NC 28658	Common Shares of PEBK	06/01/2026	1200	49184.57

144: Remarks and Signature

Remarks
Date of Notice	09/01/2026
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	Robert C. Abernethy Jr.
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)