United Bankshares (UBSI) EVP details stock option exercise, holdings

Rhea-AI Filing Summary

UNITED BANKSHARES INC/WV Executive Vice President Shelli L. Adams reported insider stock transactions dated 12/11/2025. She acquired 9,130 shares of common stock at $35.04 through a stock option exercise and disposed of 8,564 shares at $39.53.

Following these transactions, she beneficially owned 89,080.8338 common shares directly, plus 9,003.6549 shares held through a UBSI 401K plan and 89.5771 shares held by her wife. The report also lists several outstanding stock options with exercise prices between $32.51 and $45.3 and expirations from 02/26/2027 to 02/24/2030.

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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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^*

Tatterson William Mark

(Last) (First) (Middle)

514 MARKET ST

(Street)

PARKERSBURG WV 26101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITED BANKSHARES INC/WV [ UBSI ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2025

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	12/11/2025	12/11/2025	M		9,130	A	$35.04	97,644.8338(1)	D
Common Stock	12/11/2025	12/11/2025	F		8,564	D	$39.53	89,080.8338(1)	D
Common Stock								9,003.6549(2)	I	By 401k
Common Stock								89.5771	I	By Wife

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
Stock Option	$35.04	12/11/2025	12/11/2025	M			9,130	02/29/2016	02/28/2026	Common Stock	9,130	$39.53	0.0000	D
Stock Option	$32.51							02/24/2021	02/24/2030	Common Stock	5,905		5,905	D
Stock Option	$37.6							02/26/2018	02/26/2028	Common Stock	12,453		12,453	D
Stock Option	$38.49							02/25/2019	02/25/2029	Common Stock	9,290		9,290	D
Stock Option	$45.3							02/27/2017	02/27/2027	Common Stock	12,453		12,453	D
Stock Option - United	$32.51							02/24/2020	02/24/2030	Common Stock	11,809		11,809	D

Explanation of Responses:

1. Additional stock acquired in the Dividend Reinvestment Plan.

2. Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.

	Shelli L. Adams	12/12/2025
	** 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 insider stock transactions did UNITED BANKSHARES INC/WV (UBSI) report for Shelli L. Adams?

Executive Vice President Shelli L. Adams reported a stock option exercise for 9,130 shares of UNITED BANKSHARES INC/WV common stock at an exercise price of $35.04, and a disposition of 8,564 shares at a price of $39.53, all dated 12/11/2025.

How many UNITED BANKSHARES INC/WV (UBSI) shares does Shelli L. Adams beneficially own after the reported transactions?

After the reported transactions, Shelli L. Adams beneficially owns 89,080.8338 UNITED BANKSHARES INC/WV common shares directly, plus 9,003.6549 shares held indirectly through a UBSI 401K plan and 89.5771 shares held indirectly by her wife.

What is Shelli L. Adamss role at UNITED BANKSHARES INC/WV (UBSI)?

Shelli L. Adams is an Officer of UNITED BANKSHARES INC/WV, serving as Executive Vice President, as indicated in the relationship section of the report.

What derivative securities does Shelli L. Adams hold in UNITED BANKSHARES INC/WV (UBSI)?

Shelli L. Adams holds several stock options on UNITED BANKSHARES INC/WV common stock, including grants with exercise prices of $32.51, $37.6, $38.49, $45.3, and another at $32.51, with amounts such as 5,905, 12,453, 9,290, 12,453, and 11,809 underlying shares, expiring between 02/26/2027 and 02/24/2030.

When did the reported UNITED BANKSHARES INC/WV (UBSI) insider transactions occur?

The earliest transaction date reported for Shelli L. Adams in this insider trading report is 12/11/2025, which applies to both the acquisition and disposition of UNITED BANKSHARES INC/WV common stock and the related stock option exercise.

What do the footnotes in Shelli L. Adamss UNITED BANKSHARES INC/WV (UBSI) holdings explain?

One footnote states that additional stock was acquired in the Dividend Reinvestment Plan, and another explains that the indirect 401K holdings include additional shares acquired under the UBSI 401K plan since the date of the reporting persons last 401K ownership report.