Peoples Bancorp (PEBK) director adds 6,600 shares from estate distribution

Rhea-AI Filing Summary

Peoples Bancorp of North Carolina director James S. Abernethy reported receiving 6,600 shares of Common Stock on August 8, 2025 through a distribution from the estate of the late Christine S. Abernethy. The shares were acquired at no stated price and increased his directly held stake to 73,526 shares.

In addition to his direct ownership, the filing lists 37,600 shares held indirectly through his son and 70,441 shares held indirectly in connection with his role as Vice President, Secretary and Chairman of Alexander Railroad. These indirect positions reflect additional beneficial ownership associated with his relationships and roles.

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)
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)	73,526	D
Common Stock								37,600	I	Son
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:

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

	/s/ James S. 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 director James S. Abernethy report?

Director James S. Abernethy reported receiving 6,600 shares of Peoples Bancorp of North Carolina Common Stock. The shares came via distribution from the estate of the late Christine S. Abernethy, increasing his directly owned holdings to 73,526 shares after the transaction.

How did James S. Abernethy acquire the 6,600 PEBK shares on August 8, 2025?

He acquired 6,600 Peoples Bancorp of North Carolina shares through a distribution from the estate of the late Christine S. Abernethy. The Form 4 lists this as transaction code W, with no price per share reported for the estate distribution.

What is James S. Abernethy’s direct ownership in PEBK after the reported transaction?

After receiving 6,600 shares from the estate distribution, James S. Abernethy directly owns 73,526 shares of Peoples Bancorp of North Carolina Common Stock. This figure is explicitly listed as the amount beneficially owned following the reported transaction.

What indirect PEBK holdings are reported for James S. Abernethy?

The Form 4 reports 37,600 Peoples Bancorp of North Carolina shares held indirectly through his son and 70,441 shares held indirectly in connection with his role as Vice President, Secretary and Chairman of Alexander Railroad, reflecting additional beneficial ownership beyond his direct holdings.

What role does James S. Abernethy hold at Peoples Bancorp of North Carolina?

James S. Abernethy is identified as a director of Peoples Bancorp of North Carolina. The Form 4 indicates his relationship to the issuer by checking the Director box, with no officer title or 10% owner status selected in the filing.

What does transaction code W signify in the PEBK Form 4 filing?

Transaction code W in this Form 4 corresponds to the 6,600-share acquisition tied to an estate distribution. The explanation states the shares were received upon distribution from the estate of the late Christine S. Abernethy, with no per-share price reported in the filing.