Was the reported UWHR share acquisition an open-market buy by Vernon A. Russell?

The acquisition was not an open-market buy. It is coded as a grant or award transaction related to Vernon A. Russell’s Annual Retainer for serving as a director, with the number of shares determined from the retainer amount and the weighted average share price.

Uwharrie director granted 132 UWHR shares as retainer

Uwharrie Capital Corp director Vernon A. Russell received additional shares of common stock as part of his board compensation.

Filing Impact

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Filing Sentiment

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Sentiment and the balance of points

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Form Type

Rhea-AI Filing Summary

Uwharrie Capital Corp director Vernon A. Russell received additional shares of common stock as part of his board compensation. On June 17, 2026, he acquired 132 shares of common stock held by self at a weighted average price of $11.293 per share.

This award represents payment for a portion of his Annual Retainer for serving as a director, rather than an open-market purchase. After this grant, one directly held position shows 2,989 shares of common stock. The filing also lists separate direct and indirect holdings in various IRA and custodial accounts.

Insider Trade Summary

Grant/Award: 132 shares

Grant/Award 4 txns

Insider Russell Vernon A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock (Held by Self)	132	$11.293	$1K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock (Held by Self) — 2,989 shares (Direct); Common Stock — 6,422 shares (Direct); Common Stock — 2,015 shares (Indirect, By IRA FBO Edith Bridges Russell (Spouse of Reporting Person) Pershing LLC As Custodian); Common Stock — 442 shares (Indirect, By Pershing LLC Safekeeper for Edith B. Russell (Spouse of Reporting Person) TOD Dtd 03/14/2023)

Footnotes (6)

F1. This acquisition represents payment for a portion of the reporting person's Annual Retainer for serving in the capacity of Director.
F2. The number of shares acquired by the reporting person is based on the amount of the Annual Retainer being paid divided by a weighted average price of the issuer's common stock acquired for this specific payment.
F3. Represents a weighted average price of the issuer's common stock acquired for this specific payment.
F4. Held by Cede & Co., Depository for IRA FBO Vernon A. Russell Pershing LLC As Custodian
F5. Held by Cede & Co., Depository for IRA FBO Edith Bridges Russell Pershing LLC As Custodian
F6. Held by Cede & Co., Depository for Pershing LLC Safekeeper for Edith B. Russell TOD DTD 03/14/2023

Key Figures

Director share grant: 132 shares Grant price: $11.293 per share Direct holding after grant: 2,989 shares +3 more

6 metrics

Director share grant 132 shares Common Stock (Held by Self) grant on June 17, 2026

Grant price $11.293 per share Weighted average price used to calculate Annual Retainer shares

Direct holding after grant 2,989 shares Common Stock (Held by Self) total following acquisition

Additional direct holding 6,422 shares Separate directly held common stock position

Indirect holding – safekeeper account 442 shares Pershing LLC safekeeper for Edith B. Russell TOD 03/14/2023

Indirect holding – spouse IRA 2,015 shares IRA FBO Edith Bridges Russell, Pershing LLC as custodian

Key Terms

Annual Retainer, weighted average price, IRA FBO, TOD

4 terms

Annual Retainer financial

"This acquisition represents payment for a portion of the reporting person's Annual Retainer for serving in the capacity of Director."

weighted average price financial

"The number of shares acquired by the reporting person is based on the amount of the Annual Retainer being paid divided by a weighted average price of the issuer's common stock."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

IRA FBO financial

"Held by Cede & Co., Depository for IRA FBO Edith Bridges Russell Pershing LLC As Custodian"

TOD financial

"Held by Cede & Co., Depository for Pershing LLC Safekeeper for Edith B. Russell TOD DTD 03/14/2023"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did UWHR director Vernon A. Russell report?

Director Vernon A. Russell reported acquiring 132 shares of Uwharrie Capital Corp common stock. The shares were received on June 17, 2026 as part of his Annual Retainer for board service, and are held directly in his own account rather than as an open-market purchase.

At what price were the new UWHR shares granted to Vernon A. Russell?

The 132 shares granted to Vernon A. Russell were valued at a weighted average price of $11.293 per share. This price reflects the issuer’s common stock acquired specifically for this portion of his Annual Retainer, as described in the accompanying compensation-related footnotes.

How many UWHR shares does Vernon A. Russell hold directly after this grant?

After the 132-share grant related to his director retainer, one directly held position for Vernon A. Russell totals 2,989 shares of Uwharrie Capital Corp common stock. The filing also lists another separate directly held position of 6,422 shares, shown as a distinct entry.

Are Vernon A. Russell’s reported UWHR holdings only in his own name?

No. The filing shows direct holdings in his own name and indirect holdings tied to accounts for his spouse. Indirect positions include 442 shares in a Pershing LLC safekeeper account and 2,015 shares in an IRA for Edith Bridges Russell, both held through custodial arrangements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/18/2026 - 03:48 PM EDT

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^*

Russell Vernon A

(Last)

(First)

(Middle)

PO BOX 338

(Street)

ALBEMARLE

NORTH CAROLINA

28002-0338

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UWHARRIE CAPITAL CORP [ UWHR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock (Held by Self)	06/17/2026		A⁽¹⁾		132⁽²⁾	A	$11.293⁽³⁾	2,989	D
Common Stock⁽⁴⁾								6,422	D
Common Stock⁽⁵⁾								2,015	I	By IRA FBO Edith Bridges Russell (Spouse of Reporting Person) Pershing LLC As Custodian
Common Stock⁽⁶⁾								442	I	By Pershing LLC Safekeeper for Edith B. Russell (Spouse of Reporting Person) TOD Dtd 03/14/2023

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This acquisition represents payment for a portion of the reporting person's Annual Retainer for serving in the capacity of Director.

2. The number of shares acquired by the reporting person is based on the amount of the Annual Retainer being paid divided by a weighted average price of the issuer's common stock acquired for this specific payment.

3. Represents a weighted average price of the issuer's common stock acquired for this specific payment.

4. Held by Cede & Co., Depository for IRA FBO Vernon A. Russell Pershing LLC As Custodian

5. Held by Cede & Co., Depository for IRA FBO Edith Bridges Russell Pershing LLC As Custodian

6. Held by Cede & Co., Depository for Pershing LLC Safekeeper for Edith B. Russell TOD DTD 03/14/2023

	Vernon A. Russell by Tamara M. Singletary, EVP, Uwharrie Capital Corp	06/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR