[Form 4] Peoples Bancorp of North Carol Insider Trading Activity

Rhea-AI Filing Summary

James S. Abernethy, a director of Peoples Bancorp of North Carolina, reported an open-market sale of 600 shares of the issuer's common stock on 08/25/2025 at an average price of $31.15 per share. After the sale, Mr. Abernethy is shown as directly owning 68,026 shares; he also reports 39,400 shares indirectly for his son and 70,441 shares indirectly in a role listed as VP, Sec & Chairman of Alexander Railroad. The Form 4 is signed by Mr. Abernethy on 08/26/2025. The filing discloses a single non-derivative sale and lists current direct and indirect beneficial ownership amounts as reported.

Insights

Financial Analyst

TL;DR: A director executed a small open-market sale that reduces his direct stake modestly; overall ownership remains substantial.

The reported sale of 600 shares at $31.15 is a routine insider disposition relative to the reported post-transaction direct holding of 68,026 shares. The Form 4 reveals additional indirect holdings of 39,400 shares (son) and 70,441 shares (linked to an Alexander Railroad role), which together indicate continued significant insider ownership. There are no derivative transactions or other changes disclosed. From an analytical standpoint, this filing signals a minor liquidity event by the reporting person rather than a material corporate development.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 requirements and shows routine insider sale; no governance red flags in the filing itself.

The Form 4 is properly completed and signed, disclosing the director relationship and the disposition code. It reports both direct and indirect holdings, including family and related-entity interests, which is useful for transparency. There is no evidence in this filing of unusual timing, option exercises, or related-party transactions that would raise immediate governance concerns. The filing contains no amendments or explanatory notes beyond the standard signature block.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ABERNETHY JAMES S

(Last) (First) (Middle)

518 WEST C STREET

(Street)

NEWTON NC 28658

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PEOPLES BANCORP OF NORTH CAROLINA INC [ PEBK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/25/2025		S		600	D	$31.15	68,026	D
Common Stock								39,400	I	Son
Common Stock								70,441	I	VP, Sec & Chairman of Alexander Railraod

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ James S. Abernethy	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did James S. Abernethy report on the Form 4 for PEBK?

The Form 4 reports a sale of 600 shares of Peoples Bancorp of North Carolina common stock on 08/25/2025 at $31.15 per share.

How many PEBK shares does the reporting person own after the transaction?

Following the reported sale, the filing shows 68,026 shares beneficially owned directly by James S. Abernethy.

Are there any indirect holdings disclosed by the reporting person on this Form 4?

Yes. The filing discloses 39,400 shares held indirectly for his son and 70,441 shares held indirectly tied to a VP, Secretary & Chairman role at Alexander Railroad.

Did the Form 4 include any derivative transactions or option exercises?

No. Table II for derivative securities is blank, and the filing only reports a non-derivative sale in Table I.

When was the Form 4 signed by the reporting person?

The Form 4 bears the reporting person's signature dated 08/26/2025.