PEBK Director Sells 600 Shares at $28.58, Retains 181k Stake

PEBK Form 4 filing: Director James S. Abernethy disclosed the sale of 600 common shares of Peoples Bancorp of North Carolina on 07/31/2025 at an average price of $28.576 per share (Code S).

Rhea-AI Filing Summary

PEBK Form 4 filing: Director James S. Abernethy disclosed the sale of 600 common shares of Peoples Bancorp of North Carolina on 07/31/2025 at an average price of $28.576 per share (Code S). Following the transaction, the insider still beneficially owns 72,276 shares directly and 109,241 shares indirectly (38,800 through his son and 70,441 via Alexander Railroad affiliations), totaling roughly 181,517 shares. The disposition equates to less than 0.4 % of his aggregate holdings, indicating a non-material change in ownership. No derivative transactions were reported, and the filing does not reference a Rule 10b5-1 trading plan.

Insights

Portfolio Manager

TL;DR: Immaterial 600-share sale; insider retains >181k shares—signal neutral for PEBK investors.

The reported transaction is minor relative to Director Abernethy’s overall stake, representing under 0.4 % of his beneficial ownership. With substantial direct (72 k) and indirect (109 k) holdings remaining, the sale does not alter insider alignment or suggest a shift in outlook. Lack of derivative activity or multiple sales reinforces a neutral reading. I view the filing as routine disclosure rather than a catalyst for valuation changes.

Insider Trade Summary

Net Seller: 600 shares

Net Sell 3 txns

Insider ABERNETHY JAMES S

Role Director

Sold 600 shs ($17K)

Type	Security	Shares	Price	Value
Sale	Common Stock	600	$28.576	$17K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 38,800 shares (Indirect, Son); Common Stock — 72,276 shares (Direct); Common Stock — 70,441 shares (Indirect, VP, Sec & Chairman of Alexander Railroad)

FAQ

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

How many PEBK shares did Director James S. Abernethy sell on 07/31/2025?

He disposed of 600 common shares.

What was the sale price of the PEBK shares?

The shares were sold at an average price of $28.576 per share.

How many PEBK shares does Abernethy own after the transaction?

He now holds 72,276 shares directly and 109,241 shares indirectly, totaling about 181,517 shares.

What percentage of his total holdings did the 600-share sale represent?

The sale equaled roughly 0.4 % of his aggregate beneficial ownership.

Did the Form 4 indicate a Rule 10b5-1 trading plan?

The filing does not specify that the transaction was made under a Rule 10b5-1 plan.

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

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Accepted by SEC EDGAR 07/31/2025 - 05:31 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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)
07/31/2025

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	07/31/2025		S		600	D	$28.576	38,800	I	Son
Common Stock								72,276	D
Common Stock								70,441	I	VP, Sec & Chairman of Alexander Railroad

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	07/31/2025
	** 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.