ADAMS RICHARD M SR

PrivateCIK: 1190512

Location

PARKERSBURG, WV

ADAMS RICHARD M SR (Executive Chairman) 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 SR

Filed: 12/12/2025ACC: 0001225208-25-009910

InsiderADAMS RICHARD M SRCIK 1190512

→

IssuerUNITED BANKSHARES INC/WVCIK 729986

DirectorOfficer· Executive Chairman

Since Feb 2026

-31.23K

Net shares

Net seller

$1.23M

Total sold

0

Open market trades

0B · 0S

3

Total transactions

33.30K acquired · 64.53K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

Shares

+33.30K

Price / share

$35.04

Trade value

$1.17M

% of position

3.9%

12/11/2025

860.86K→894.16K

Common Stock

Direct

F · Tax Withholding

Shares

−31.23K

Price / share

$39.53

Trade value

$1.23M

% of position

3.5%

12/11/2025

894.16K→862.93K

Total

Net shares

+2.07K

Net value

-$67.81K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/11/2025	M · Option Exercise	+33.30K	$35.04	$1.17M	3.9%	860.86K	894.16K
Common Stock Direct	12/11/2025	F · Tax Withholding	−31.23K	$39.53	$1.23M	3.5%	894.16K	862.93K
Total			+2.07K		-$67.81K

Derivative Transactions1

Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

33.30K shares

Shares

−33.30K

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 Stock33.30K shares	12/11/2025	M · Option Exercise	−33.30K	35.0400	—	0.00

Non-Derivative Holdings (Post-Transaction)5

Common Stock - Direct IRA

Direct

Shares owned7.96K

Common Stock

Indirect

Shares owned80.12K

Common Stock

Indirect

Shares owned1.40K

Common Stock

Indirect

Shares owned24.73K

Common Stock

Indirect

Shares owned4.22K

Total

7.96K direct·110.47K indirect118.43K

Security Title	Shares Owned	Ownership Type
Common Stock - Direct IRA	7.96K	Direct
Common Stock	80.12K	Indirect
Common Stock	1.40K	Indirect
Common Stock	24.73K	Indirect
Common Stock	4.22K	Indirect
Total	118.43K	7.96K direct·110.47K indirect

Derivative Holdings (Post-Transaction)5

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

44.08K

Shares owned

44.08K

Exercise price

32.5100

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

49.52K

Shares owned

49.52K

Exercise price

37.6000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

22.04K

Shares owned

22.04K

Exercise price

32.5100

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

49.52K

Shares owned

49.52K

Exercise price

45.3000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

33.91K

Shares owned

33.91K

Exercise price

38.4900

Expiration

—

Exercise window

—

Total

Underlying

199.07K

Owned

199.07K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option Direct	Common Stock	32.5100	—	—	44.08K	44.08K
Stock Option Direct	Common Stock	37.6000	—	—	49.52K	49.52K
Stock Option Direct	Common Stock	32.5100	—	—	22.04K	22.04K
Stock Option Direct	Common Stock	45.3000	—	—	49.52K	49.52K
Stock Option Direct	Common Stock	38.4900	—	—	33.91K	33.91K
Total					199.07K	199.07K

ADAMS RICHARD M SR — Insider Transaction (Form 4) Filed Dec 12, 2025 | Finecho