United Bankshares EVP Shelli Adams exercises stock options

United Bankshares Inc/WV executive Shelli L. Adams reported equity transactions in company common stock.

Rhea-AI Filing Summary

United Bankshares Inc/WV executive Shelli L. Adams reported equity transactions in company common stock. On 12/11/2025, she reported an M-coded transaction in 2,000 shares of common stock at $35.04 and an F-coded transaction in 1,876 shares at $39.53. Following these, she directly beneficially owned 22,913.6293 common shares and indirectly owned 5,405.0971 shares through a 401k plan.

The direct holdings include additional stock acquired in the Dividend Reinvestment Plan, and the 401k balance includes additional shares acquired under the UBSI 401K plan since her last 401k ownership report. Adams also continues to hold stock options on United Bankshares common stock, including 1,453 options at an exercise price of $32.51 expiring on 02/24/2030, 3,000 options at $37.6 expiring on 02/26/2028, 3,200 options at $38.49 expiring on 02/25/2029, and 2,500 options at $45.3 expiring on 02/27/2027.

Insider Trade Summary

2,000 shares exercised/converted

Exercise 8 txns

Insider Draber Ross M

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise	Stock Option	2,000	$39.53	$79K
Exercise	Common Stock	2,000	$35.04	$70K
Exercise Price or Tax Liability	Common Stock	1,876	$39.53	$74K
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option — 10,153 contracts (Direct); Common Stock — 22,913.6293 shares (Direct); Common Stock — 5,405.0971 shares (Indirect, By 401k)

Footnotes (2)

1. F1. Additional stock acquired in the Dividend Reinvestment Plan.
2. F2. Includes additional shares acquired under the UBSI 401K plan since the date of the reporting person's last 401K ownership report.

FAQ

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

Who is the reporting person in this UBSI insider filing?

The reporting person is Shelli L. Adams, an Executive Vice President of United Bankshares Inc/WV (UBSI).

What United Bankshares stock transactions were reported on 12/11/2025?

On 12/11/2025, Shelli L. Adams reported an M-coded transaction in 2,000 shares of United Bankshares common stock at $35.04 and an F-coded transaction in 1,876 shares at $39.53.

How many United Bankshares shares does Shelli L. Adams own after these transactions?

After the reported transactions, Shelli L. Adams directly beneficially owned 22,913.6293 United Bankshares common shares and indirectly owned 5,405.0971 shares through a 401k plan.

What explains the changes in Shelli L. Adamss UBSI 401k holdings?

The filing notes that the 5,405.0971 indirectly owned shares include additional shares acquired under the UBSI 401K plan since the date of the reporting persons last 401k ownership report.

What United Bankshares stock options does Shelli L. Adams still hold?

Shelli L. Adams continues to hold United Bankshares stock options, including 1,453 options at $32.51 expiring 02/24/2030, 3,000 at $37.6 expiring 02/26/2028, 3,200 at $38.49 expiring 02/25/2029, and 2,500 at $45.3 expiring 02/27/2027.

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

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Accepted by SEC EDGAR 12/12/2025 - 02:18 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^*

Draber Ross M

(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		2,000	A	$35.04	24,789.6293	D
Common Stock	12/11/2025	12/11/2025	F		1,876	D	$39.53	22,913.6293(1)	D
Common Stock								5,405.0971(2)	I	By 401k

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			2,000	02/29/2016	03/01/2026	Common Stock	2,000	$39.53	0.0000	D
Stock Option	$32.51							02/24/2020	02/24/2030	Common Stock	1,453		1,453	D
Stock Option	$37.6							02/26/2018	02/26/2028	Common Stock	3,000		3,000	D
Stock Option	$38.49							02/25/2019	02/25/2029	Common Stock	3,200		3,200	D
Stock Option	$45.3							02/27/2017	02/27/2027	Common Stock	2,500		2,500	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.