United Bankshares (UBSI) officer discloses 3,200-share option exercise

Rhea-AI Filing Summary

United Bankshares Inc. Executive Vice President Shelli L. Adams reported insider transactions involving company common stock. On 12/11/2025, she exercised stock options for 3,200 shares at an exercise price of $35.04 per share, and a related transaction coded "F" disposed of 2,976 shares at $39.53 per share.

After these transactions, Adams directly beneficially owned 29,421 shares of United Bankshares common stock and also held indirect interests, including 13,466.2128 shares through a UBSI 401(k) plan, 900 shares held by her spouse as power of attorney for a family member, and 1,364 shares in her spouse's IRA. She continues to hold several stock option awards with exercise prices between $32.51 and $45.3 and expiration dates from 02/27/2027 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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Gurtis Julie R

(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		3,200	A	$35.04	32,397	D
Common Stock	12/11/2025	12/11/2025	F		2,976	D	$39.53	29,421	D
Common Stock								13,466.2128(1)	I	By 401k
Common Stock								900	I	By Spouse as POA for Family Member
Common Stock								1,364	I	By Spouse IRA

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			3,200	02/29/2016	03/01/2026	Common Stock	3,200	$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	3,200		3,200	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	3,200		3,200	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.
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FAQ

What insider stock transactions did United Bankshares (UBSI) report for Shelli L. Adams?

The filing shows that Shelli L. Adams exercised stock options for 3,200 shares of United Bankshares common stock at an exercise price of $35.04 per share on 12/11/2025. It also reports a transaction coded "F" disposing of 2,976 shares at a price of $39.53 per share on the same date.

How many United Bankshares (UBSI) shares does Shelli L. Adams own after the 12/11/2025 transactions?

After the reported transactions, Shelli L. Adams directly beneficially owned 29,421 shares of United Bankshares common stock. She also had indirect beneficial ownership of 13,466.2128 shares through a UBSI 401(k) plan, 900 shares held by her spouse as power of attorney for a family member, and 1,364 shares held in her spouse's IRA.

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

Following the 12/11/2025 option exercise, the filing lists several remaining stock option awards for Shelli L. Adams. These include options to purchase 1,453 shares at $32.51 per share expiring on 02/24/2030, and options for 3,200 shares each at exercise prices of $37.6, $38.49, and $45.3 per share, with expiration dates of 02/26/2028, 02/25/2029, and 02/27/2027, respectively.

When did Shelli L. Adams execute the reported United Bankshares (UBSI) transactions?

The earliest transaction date reported is 12/11/2025. On that date, Shelli L. Adams both exercised stock options for 3,200 shares and had a transaction coded "F" involving the disposition of 2,976 shares of United Bankshares common stock.

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

Shelli L. Adams is reported as an officer of United Bankshares Inc., serving in the position of Executive Vice President.