PEBK (PEBK) director logs open-market sale and gift of company stock

Rhea-AI Filing Summary

PEOPLES BANCORP OF NORTH CAROLINA INC director James S. Abernethy reported an open-market sale of 523 shares of common stock at $38.91 per share and a bona fide gift of 500 shares. After these transactions, he directly owned 70,903 common shares, with additional indirect holdings reported through a son and an associated company.

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

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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)
02/27/2026

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	02/27/2026		S		523	D	$38.91	71,403	D
Common Stock	02/27/2026		G		500	D	$38.91	70,903	D
C ommon Stock								37,000	I	Son
Common Stock								70,441	I	VP, Sec & Chairman of Alexander Railroad Co.

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	02/27/2026
	** 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 insider transactions did PEBK director James S. Abernethy report?

Director James S. Abernethy reported an open-market sale of 523 shares of PEBK common stock and a bona fide gift of 500 shares. Both transactions occurred on February 27, 2026, at a reported price of $38.91 per share.

At what price did James S. Abernethy sell PEBK common stock?

He sold 523 shares of PEBK common stock at $38.91 per share. This open-market transaction was reported as a sale in the Form 4 and took place on February 27, 2026, alongside a separate gift transfer.

How many PEBK shares does James S. Abernethy own directly after these transactions?

After the reported sale and gift, James S. Abernethy directly owns 70,903 shares of PEBK common stock. This figure reflects his direct holdings only and excludes additional indirect holdings reported through related parties.

What was the gift transaction reported by James S. Abernethy in PEBK stock?

He reported a bona fide gift of 500 shares of PEBK common stock on February 27, 2026, at a reference price of $38.91 per share. This transaction is classified as a gift disposition rather than an open-market sale.

What indirect PEBK holdings are associated with James S. Abernethy?

Indirect holdings reported include 37,000 PEBK shares held in the name of his son and 70,441 shares associated with his role as VP, Secretary and Chairman of Alexander Railroad Co. These are classified as indirect ownership interests.

Does the Form 4 for PEBK show net buying or selling by James S. Abernethy?

The Form 4 shows net selling activity, with 523 PEBK shares sold in the open market and 500 shares transferred as a gift. Overall, reported net buy/sell activity reflects a net sale of 523 shares.