United Bankshares, Inc. (UBSI) EVP details option exercise and holdings update

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 5,000 stock options at an exercise price of $35.04 per share, acquiring 5,000 shares of common stock. On the same date, she disposed of 4,690 common shares at $39.53 per share. Following these transactions, Adams directly owned 47,129.9601 shares of United Bankshares common stock, plus 8,017.0485 shares held indirectly through a 401(k) plan and 79 shares held indirectly by her spouse. The filing also notes that the 5,000-share stock option grant expiring on 02/28/2026 was fully exercised and that Adams continues to hold several other stock option awards, including grants for 7,295, 3,647, 7,676, 5,455, and 7,676 shares with exercise prices between $32.51 and $45.30.

Insider Trade Summary

5,000 shares exercised/converted

Mixed 10 txns

Insider Ernest Douglas Bryan

Role Executive Vice-President

Type	Security	Shares	Price	Value
Exercise	Stock Option	5,000	$39.53	$198K
Exercise	Common Stock	5,000	$35.04	$175K
Tax Withholding	Common Stock	4,690	$39.53	$185K
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Stock Option	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Option — 0 shares (Direct); Common Stock — 51,819.96 shares (Direct); Common Stock — 8,017.049 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.

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^*

Ernest Douglas Bryan

(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	51,819.9601	D
Common Stock	12/11/2025	12/11/2025	F		4,690	D	$39.53	47,129.9601(1)	D
Common Stock								8,017.0485(2)	I	By 401k
Common Stock								79	I	By Spouse

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	7,295		7,295	D
Stock Option	$32.51							02/24/2021	02/24/2030	Common Stock	3,647		3,647	D
Stock Option	$37.6							02/26/2018	02/26/2028	Common Stock	7,676		7,676	D
Stock Option	$38.49							02/25/2019	02/25/2029	Common Stock	5,455		5,455	D
Stock Option	$45.3							02/27/2017	02/27/2027	Common Stock	7,676		7,676	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

Who filed this insider transaction report for United Bankshares (UBSI)?

The report was filed by Shelli L. Adams, who serves as an Executive Vice-President of United Bankshares, Inc.

What stock option exercise did Shelli L. Adams report for United Bankshares (UBSI)?

On 12/11/2025, Shelli L. Adams exercised 5,000 stock options for United Bankshares common stock at an exercise price of $35.04 per share, receiving 5,000 shares.

How many United Bankshares (UBSI) shares did Shelli L. Adams dispose of in this filing?

On 12/11/2025, she reported disposing of 4,690 shares of United Bankshares common stock at a price of $39.53 per share.

What is Shelli L. Adams' United Bankshares (UBSI) share ownership after the reported transactions?

After the transactions, she directly owned 47,129.9601 shares of United Bankshares common stock, plus 8,017.0485 shares held through a 401(k) plan and 79 shares held indirectly by her spouse.

Which United Bankshares (UBSI) stock options were fully exercised in this report?

The filing shows a stock option for 5,000 shares of United Bankshares common stock with an exercise price of $35.04, exercisable from 02/29/2016 and expiring 02/28/2026, was exercised on 12/11/2025, leaving 0 of those options outstanding.

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

She continues to hold several stock option awards on United Bankshares common stock, including grants for 7,295 and 3,647 shares at an exercise price of $32.51 expiring on 02/24/2030, 7,676 shares at $37.6 expiring on 02/26/2028, 5,455 shares at $38.49 expiring on 02/25/2029, and 7,676 shares at $45.3 expiring on 02/27/2027, all held directly.