United Bankshares (UBSI) EVP reports option exercise and share ownership

Rhea-AI Filing Summary

United Bankshares Executive Vice President Shelli L. Adams exercised stock options for 1,500 shares of common stock at $35.04 on December 11, 2025, increasing her direct holdings. She also reported a disposition of 1,395 shares at $39.53, leaving 10,193.2962 shares owned directly, which includes additional stock acquired through the Dividend Reinvestment Plan. Adams additionally holds 4,448.1758 shares indirectly through the UBSI 401k plan and retains several other stock option grants covering 906, 2,000, 2,000 and 1,500 shares.

Insider Trade Summary

Net Buyer: 105 shares

Net Buy 8 txns

Insider Proctor Michael

Role Executive Vice President

Type	Security	Shares	Price	Value
Exercise	Stock Option	1,500	$39.53	$59K
Exercise	Common Stock	1,500	$35.04	$53K
Exercise Price or Tax Liability	Common Stock	1,395	$39.53	$55K
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option — 6,406 shares (Direct); Common Stock — 10,193.2962 shares (Direct); Common Stock — 4,448.1758 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/12/2025 - 02:02 PM Learn about SEC filing dates

FAQ

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

Shelli L. Adams, an Executive Vice President of United Bankshares, exercised stock options for 1,500 shares of common stock at $35.04 on December 11, 2025 and reported a separate disposition of 1,395 shares at $39.53.

How many United Bankshares (UBSI) shares does Shelli L. Adams own after the December 11, 2025 transaction?

After the reported transactions, Shelli L. Adams owns 10,193.2962 United Bankshares common shares directly, plus 4,448.1758 shares held indirectly through the UBSI 401k plan.

What stock options did Shelli L. Adams exercise in December 2025 for UBSI?

On December 11, 2025, Shelli L. Adams exercised a stock option with an exercise price of $35.04, originally exercisable from February 29, 2016 and expiring March 1, 2026, covering 1,500 shares of United Bankshares common stock.

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

Following the exercise, Adams still holds stock options on UBSI common stock with exercise prices of $32.51 (906 shares, expiring February 24, 2030), $37.6 (2,000 shares, expiring February 26, 2028), $38.49 (2,000 shares, expiring February 25, 2029), and $45.3 (1,500 shares, expiring February 27, 2027).

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

Shelli L. Adams is listed as an Officer of United Bankshares, serving as Executive Vice President, and files the Form 4 as a single reporting person.

How were additional UBSI shares accumulated in Shelli L. Adams’s direct and 401k holdings?

The filing notes that her direct holdings include additional stock acquired in the Dividend Reinvestment Plan, and her 401k position includes additional shares acquired under the UBSI 401K plan since her last 401k ownership report.

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^*

Proctor Michael

(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		1,500	A	$35.04	11,588.2962	D
Common Stock	12/11/2025	12/11/2025	F		1,395	D	$39.53	10,193.2962(1)	D
Common Stock								4,448.1758(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			1,500	02/29/2016	03/01/2026	Common Stock	1,500	$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	1,500		1,500	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.