United Bankshares (UBSI) EVP Shelli Adams reports insider stock moves

Rhea-AI Filing Summary

United Bankshares, Inc. Executive Vice President Shelli L. Adams reported insider transactions in the company’s common stock dated 12/11/2025. She acquired 2,000 shares in a transaction coded "M" at $35.04 per share and reported a separate disposition of 1,876 shares coded "F" at $39.53 per share.

After these transactions, she reported owning 14,290.4639 shares of common stock directly and an additional 9,381.6945 shares held indirectly through the UBSI 401K plan. The holdings include extra shares accumulated through the Dividend Reinvestment Plan and additional purchases in the UBSI 401K plan since her last ownership report.

Insider Trade Summary

2,000 shares exercised/converted

Mixed 8 txns

Insider Shaver Ami L

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
Tax Withholding	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 — 0 shares (Direct); Common Stock — 16,166.464 shares (Direct); Common Stock — 9,381.695 shares (Indirect, By 401k)

Footnotes (1)

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

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Form 4 Insider Transactions: What Each Field Means →

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^*

Shaver Ami L

(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	16,166.4639	D
Common Stock	12/11/2025	12/11/2025	F		1,876	D	$39.53	14,290.4639(1)	D
Common Stock								9,381.6945(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	906		906	D
Stock Option	$37.6							02/26/2018	02/26/2028	Common Stock	2,000		2,000	D
Stock Option	$38.49							02/25/2019	02/25/2029	Common Stock	2,000		2,000	D
Stock Option	$45.3							02/27/2017	02/27/2027	Common Stock	2,000		2,000	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 Shelli L. Adams of UBSI report?

Shelli L. Adams reported acquiring 2,000 shares of United Bankshares common stock on 12/11/2025 in a transaction coded "M" at $35.04 per share and disposing of 1,876 shares in a transaction coded "F" at $39.53 per share.

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

Shelli L. Adams is listed as an Officer of United Bankshares, Inc., serving as an Executive Vice President, and she filed this report as a single reporting person.

How many United Bankshares (UBSI) shares does Shelli L. Adams now own?

Following the reported transactions, Shelli L. Adams reported owning 14,290.4639 shares of United Bankshares common stock directly and 9,381.6945 shares indirectly, held by the UBSI 401K plan.

What stock options related to UBSI does Shelli L. Adams hold after this filing?

The filing shows a stock option with a $35.04 exercise price covering 2,000 shares that now has 0.0000 remaining after a transaction on 12/11/2025. She continues to hold options covering 906 shares at $32.51 expiring 02/24/2030, 2,000 shares at $37.6 expiring 02/26/2028, 2,000 shares at $38.49 expiring 02/25/2029, and 2,000 shares at $45.3 expiring 02/27/2027.

How were dividend reinvestment and the UBSI 401K plan reflected in this UBSI insider filing?

The explanation notes that Adams’s holdings include additional stock acquired in the Dividend Reinvestment Plan and that the indirect shares reflect additional shares acquired under the UBSI 401K plan since her last 401K ownership report.

Was this UBSI insider report filed jointly with other reporting persons?

No. The filing indicates that the form was filed by one reporting person, referring only to Shelli L. Adams.