Peoples Bancorp (PEBK) chair gets 6,600 new shares from estate distribution

Rhea-AI Filing Summary

Peoples Bancorp of North Carolina, Inc. chairman Robert C. Abernethy reported acquiring 6,600 shares of common stock on August 8, 2025. The shares were received upon distribution from the estate of the late Christine S. Abernethy and carried no stated purchase price.

After this transaction, Abernethy directly beneficially owned 213,936 common shares, with additional indirect holdings of 7,416.1746 shares through his spouse and 118,363 shares through Carolina Gove Co., where he is President, Secretary and Treasurer.

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 ROBERT C

(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
X	Officer (give title below)		Other (specify below)
	Chairman of the Board

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

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	08/08/2025		W		6,600	A	(1)	213,936	D
Common Stock								7,416.1746	I	Spouse
Common Stock								118,363	I	Pres, Sec & Treas of Carolina Gove 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:

1. Received by Reporting Person upon the distribution of shares from the Estate of the late Christine S. Abernethy.

	/s/ Robert C. Abernethy	02/06/2026
	** 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 transaction did PEBK report for Robert C. Abernethy?

Robert C. Abernethy reported acquiring 6,600 shares of Peoples Bancorp of North Carolina common stock. The shares were received through a distribution from the estate of the late Christine S. Abernethy, rather than a market purchase, and increased his directly held stake.

How many PEBK shares does Robert C. Abernethy own after this transaction?

After the reported transaction, Robert C. Abernethy beneficially owned 213,936 Peoples Bancorp of North Carolina common shares directly. He also held 7,416.1746 shares indirectly through his spouse and 118,363 shares indirectly through Carolina Gove Co., reflecting significant overall ownership.

What was the source of the 6,600 PEBK shares Abernethy acquired?

The 6,600 Peoples Bancorp of North Carolina shares were received by Robert C. Abernethy upon distribution of shares from the estate of the late Christine S. Abernethy. This indicates an estate-related transfer rather than a purchase or sale transaction in the open market.

Did Robert C. Abernethy pay a price per share for the 6,600 PEBK shares?

The filing shows a transaction price per share of 0.0000 for the 6,600 shares. This aligns with the explanation that the shares were received via an estate distribution, indicating no cash consideration was paid in a typical purchase transaction.

What indirect PEBK shareholdings are reported for Robert C. Abernethy?

Indirectly, Robert C. Abernethy reported 7,416.1746 Peoples Bancorp of North Carolina shares through his spouse, and 118,363 shares through Carolina Gove Co., where he serves as President, Secretary, and Treasurer. These positions supplement his directly held 213,936 shares.

What roles does Robert C. Abernethy hold at Peoples Bancorp of North Carolina (PEBK)?

Robert C. Abernethy is identified as a director and officer, serving as Chairman of the Board of Peoples Bancorp of North Carolina, Inc. His substantial direct and indirect shareholdings align with this senior leadership position disclosed in the insider ownership filing.