United Bankshares (UBSI) EVP reports 5,000-option exercise, 4,690-share sale

Rhea-AI Filing Summary

United Bankshares executive vice president Shelli L. Adams reported insider transactions in United Bankshares common stock. On 12/11/2025 she exercised 5,000 stock options at $35.04 per share and disposed of 4,690 shares at $39.53.

After these transactions, she held 41,043 shares directly, 2,208 shares of common stock in a direct IRA and 4,939.1315 shares of common stock through a 401(k) plan. The exercised option covered 5,000 shares of common stock and now has a reported remaining balance of 0.0000 derivative securities, while she continues to hold several other stock option grants on United Bankshares common stock.

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

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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^*

Williams Darren K

(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		5,000	A	$35.04	45,733	D
Common Stock	12/11/2025	12/11/2025	F		4,690	D	$39.53	41,043	D
Common Stock - Direct IRA								2,208	D
Common Stock								4,939.1315(1)	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			5,000	02/29/2016	02/28/2026	Common Stock	5,000	$39.53	0.0000	D
Stock Option	$32.51							02/24/2020	02/24/2030	Common Stock	7,246		7,246	D
Stock Option	$32.51							02/24/2021	02/24/2030	Common Stock	3,623		3,623	D
Stock Option	$37.6							02/26/2018	02/26/2028	Common Stock	7,603		7,603	D
Stock Option	$38.49							02/25/2019	02/25/2029	Common Stock	5,419		5,419	D
Stock Option	$45.3							02/27/2017	02/27/2027	Common Stock	7,603		7,603	D

Explanation of Responses:

1. 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 transaction did Shelli L. Adams report for United Bankshares (UBSI)?

Shelli L. Adams reported that on 12/11/2025 she exercised 5,000 stock options for United Bankshares common stock at $35.04 per share and disposed of 4,690 shares at $39.53 per share.

How many United Bankshares shares does Shelli L. Adams own after the reported transaction?

After the reported 12/11/2025 transactions, Shelli L. Adams beneficially owns 41,043 shares of United Bankshares common stock directly, 2,208 shares in a direct IRA, and 4,939.1315 shares through a 401(k) plan.

What derivative securities did Shelli L. Adams exercise in this United Bankshares filing?

She exercised a stock option with an exercise price of $35.04 covering 5,000 shares of United Bankshares common stock, leaving a reported remaining balance of 0.0000 derivative securities for that specific option.

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

Following the 5,000-share option exercise, she continues to hold several stock options on United Bankshares common stock, including grants covering 7,246, 3,623, 7,603, 5,419 and 7,603 shares at exercise prices of $32.51, $37.60, $38.49 and $45.30.

What is Shelli L. Adams’s role at United Bankshares (UBSI)?

Shelli L. Adams is reported as an officer of United Bankshares with the title Executive Vice-President in the insider transaction filing.

Was the United Bankshares insider filing made by more than one reporting person?

No. The filing indicates it is a Form filed by One Reporting Person, identifying only Shelli L. Adams as the reporting person.