ADAMS RICHARD M JR

PrivateCIK: 1190513

Location

PARKERSBURG, WV

ADAMS RICHARD M JR (Chief Executive Officer) exercised options at UNITED BANKSHARES INC/WV

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

ADAMS RICHARD M JR

Filed: 12/12/2025ACC: 0001225208-25-009909

InsiderADAMS RICHARD M JRCIK 1190513

→

IssuerUNITED BANKSHARES INC/WVCIK 729986

DirectorOfficer· Chief Executive Officer

Since Feb 2026

-10.41K

Net shares

Net seller

$411.5K

Total sold

0

Open market trades

0B · 0S

3

Total transactions

11.10K acquired · 21.51K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

Shares

+11.10K

Price / share

$35.04

Trade value

$388.94K

% of position

6.9%

12/11/2025

161.49K→172.59K

Common Stock

Direct

F · Tax Withholding

Shares

−10.41K

Price / share

$39.53

Trade value

$411.55K

% of position

6.0%

12/11/2025

172.59K→162.18K

Total

Net shares

+689.00

Net value

-$22.60K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/11/2025	M · Option Exercise	+11.10K	$35.04	$388.94K	6.9%	161.49K	172.59K
Common Stock Direct	12/11/2025	F · Tax Withholding	−10.41K	$39.53	$411.55K	6.0%	172.59K	162.18K
Total			+689.00		-$22.60K

Derivative Transactions1

Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

11.10K shares

Shares

−11.10K

Strike price

35.0400

Held after

0.00

Exercisable

—

12/11/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option Direct	Common Stock11.10K shares	12/11/2025	M · Option Exercise	−11.10K	35.0400	—	0.00

Non-Derivative Holdings (Post-Transaction)2

Common Stock

Indirect

Shares owned10.99K

Common Stock

Indirect

Shares owned16.25K

Total

27.23K indirect27.23K

Security Title	Shares Owned	Ownership Type
Common Stock	10.99K	Indirect
Common Stock	16.25K	Indirect
Total	27.23K	27.23K indirect

Derivative Holdings (Post-Transaction)6

Phantom Stock

Direct

Underlying security

Common Stock

Underlying shares

254.15

Shares owned

254.15

Exercise price

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

16.06K

Shares owned

16.06K

Exercise price

37.6000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

7.38K

Shares owned

7.38K

Exercise price

32.5100

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

16.06K

Shares owned

16.06K

Exercise price

45.3000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

11.61K

Shares owned

11.61K

Exercise price

38.4900

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

14.76K

Shares owned

14.76K

Exercise price

32.5100

Expiration

—

Exercise window

—

Total

Underlying

66.13K

Owned

66.13K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Phantom Stock Direct	Common Stock		—	—	254.15	254.15
Stock Option Direct	Common Stock	37.6000	—	—	16.06K	16.06K
Stock Option Direct	Common Stock	32.5100	—	—	7.38K	7.38K
Stock Option Direct	Common Stock	45.3000	—	—	16.06K	16.06K
Stock Option Direct	Common Stock	38.4900	—	—	11.61K	11.61K
Stock Option Direct	Common Stock	32.5100	—	—	14.76K	14.76K
Total					66.13K	66.13K