ERNEST DOUGLAS BRYAN (Executive Vice-President) 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

ERNEST DOUGLAS BRYAN

Filed: 12/12/2025ACC: 0001225208-25-009898

InsiderERNEST DOUGLAS BRYANCIK 1624914

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IssuerUNITED BANKSHARES INC/WVCIK 729986

Officer· Executive Vice-President

Since Feb 2026

-4.69K

Net shares

Net seller

$185.4K

Total sold

Open market trades

0B · 0S

Total transactions

5K acquired · 9.69K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+5K

Price / share

$35.04

Trade value

$175.20K

% of position

10.7%

12/11/2025

46.82K→51.82K

Common Stock

Direct

F · Tax Withholding

−4.69K

Price / share

$39.53

Trade value

$185.40K

% of position

9.1%

12/11/2025

51.82K→47.13K

Total

Net shares

+310.00

Net value

-$10.20K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/11/2025	M · Option Exercise	+5K	$35.04	$175.20K	10.7%	46.82K	51.82K
Common Stock Direct	12/11/2025	F · Tax Withholding	−4.69K	$39.53	$185.40K	9.1%	51.82K	47.13K
Total			+310.00		-$10.20K

Derivative Transactions1

Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

5K shares

−5K

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 Stock5K shares	12/11/2025	M · Option Exercise	−5K	35.0400	—	0.00

Non-Derivative Holdings (Post-Transaction)2

Common Stock

Indirect

Shares owned79.00

Common Stock

Indirect

Shares owned8.02K

Total

8.10K indirect8.10K

Security Title	Shares Owned	Ownership Type
Common Stock	79.00	Indirect
Common Stock	8.02K	Indirect
Total	8.10K	8.10K indirect

Derivative Holdings (Post-Transaction)5

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

3.65K

Shares owned

3.65K

Exercise price

32.5100

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

7.68K

Shares owned

7.68K

Exercise price

45.3000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

7.68K

Shares owned

7.68K

Exercise price

37.6000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

5.46K

Shares owned

5.46K

Exercise price

38.4900

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

7.29K

Shares owned

7.29K

Exercise price

32.5100

Expiration

—

Exercise window

—

Total

Underlying

31.75K

Owned

31.75K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option Direct	Common Stock	32.5100	—	—	3.65K	3.65K
Stock Option Direct	Common Stock	45.3000	—	—	7.68K	7.68K
Stock Option Direct	Common Stock	37.6000	—	—	7.68K	7.68K
Stock Option Direct	Common Stock	38.4900	—	—	5.46K	5.46K
Stock Option Direct	Common Stock	32.5100	—	—	7.29K	7.29K
Total					31.75K	31.75K