Uwharrie Capital risk chief sells 6,981 shares
UWHARRIE CAPITAL CORP (UWHR) reported an insider transaction by Chief Risk Officer R. David Beaver III.
Rhea-AI Filing Summary
UWHARRIE CAPITAL CORP (UWHR) reported an insider transaction by Chief Risk Officer R. David Beaver III. On 2026-08-19, he sold 6,981 shares of Common Stock held jointly with his spouse at $14.78 per share, leaving 0 shares in that joint account. A separate direct holding of 1,268 shares of Common Stock is reported as held jointly with his mother. Additional directly held positions are noted in brokerage and IRA accounts via Cede & Co., though share amounts for those accounts are not specified here.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,981 shares
Net Sell
4 txns
Insider
Beaver R David III
Role
Chief Risk Officer
Sold
6,981 shs ($103K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock (Held jointly with Spouse) | 6,981 | $14.78 | $103K |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock (Held jointly with Mother) | -- | -- | -- |
Holdings After Transaction:
Common Stock (Held jointly with Spouse) — 0 shares (Direct);
Common Stock — 34,286 shares (Direct);
Common Stock (Held jointly with Mother) — 1,268 shares (Direct)
Footnotes (2)
- F1. Held by Cede & Co., Depository for Pershing LLC Safekeeper for R. David Beaver, lll & Emily N. Beaver Jt Ten
- F2. Held by Cede & Co., Depository for IRA FBO R. David Beaver, lll Pershing LLC as Custodian
Key Figures
Shares sold: 6,981 shares
Sale price per share: $14.78 per share
Post-sale balance in joint-with-spouse account: 0 shares
+2 more
5 metrics
Shares sold
6,981 shares
Common Stock (Held jointly with Spouse) on 2026-08-19
Sale price per share
$14.78 per share
Sale of Common Stock held jointly with spouse on 2026-08-19
Post-sale balance in joint-with-spouse account
0 shares
Direct ownership after 2026-08-19 sale
Shares held jointly with mother
1,268 shares
Direct ownership balance as of 2026-08-19
Net shares sold in period
6,981 shares
Net-sell direction from transaction summary
Key Terms
Common Stock (Held jointly with Spouse), Cede & Co., IRA FBO
3 terms
Common Stock (Held jointly with Spouse) financial
"security_title: Common Stock (Held jointly with Spouse)"
Cede & Co. financial
"Held by Cede & Co., Depository for Pershing LLC Safekeeper"
Cede & Co. is the nominee name used by the central book‑entry clearinghouse that appears as the legal owner of most U.S. publicly traded shares, while actual investors are the beneficial owners recorded through brokers. Think of it like a landlord’s name on a building deed while tenants hold the living rights—this arrangement speeds trading and settlement but means investors rely on brokers and the clearinghouse to receive dividends, vote proxies and execute corporate actions.
IRA FBO financial
"Held by Cede & Co., Depository for IRA FBO R. David Beaver"
FAQ
What insider transaction did UWHR report for R. David Beaver III?
UWHR reported that Chief Risk Officer R. David Beaver III sold 6,981 shares of Common Stock held jointly with his spouse on 2026-08-19. The sale was reported at $14.78 per share and reduced that joint account’s holdings to zero.
Does R. David Beaver III still hold UWHR stock after this reported sale?
Yes. A separate line reports 1,268 shares of UWHARRIE CAPITAL CORP Common Stock held jointly with his mother. The filing also notes additional directly held positions in brokerage and IRA accounts via Cede & Co., though their share counts are not detailed here.
Was the UWHR insider sale by R. David Beaver III under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed for this filing. There is no footnote stating that the 6,981-share sale was conducted pursuant to a pre-arranged Rule 10b5-1 trading plan.
What roles and ownership types are reported for R. David Beaver III in UWHR?
R. David Beaver III is reported as Chief Risk Officer of UWHARRIE CAPITAL CORP. The transactions are characterized as direct ownership, including shares previously held jointly with his spouse and separately held jointly with his mother, plus directly held brokerage and IRA positions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
