GURTIS JULIE R (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

GURTIS JULIE R

Filed: 12/12/2025ACC: 0001225208-25-009896

InsiderGURTIS JULIE RCIK 1929562

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IssuerUNITED BANKSHARES INC/WVCIK 729986

Officer· Executive Vice President

Since May 2022

-2.98K

Net shares

Net seller

$117.6K

Total sold

Open market trades

0B · 0S

Total transactions

3.20K acquired · 6.18K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+3.20K

Price / share

$35.04

Trade value

$112.13K

% of position

11.0%

12/11/2025

29.20K→32.40K

Common Stock

Direct

F · Tax Withholding

−2.98K

Price / share

$39.53

Trade value

$117.64K

% of position

9.2%

12/11/2025

32.40K→29.42K

Total

Net shares

+224.00

Net value

-$5.51K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/11/2025	M · Option Exercise	+3.20K	$35.04	$112.13K	11.0%	29.20K	32.40K
Common Stock Direct	12/11/2025	F · Tax Withholding	−2.98K	$39.53	$117.64K	9.2%	32.40K	29.42K
Total			+224.00		-$5.51K

Derivative Transactions1

Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

3.20K shares

−3.20K

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 Stock3.20K shares	12/11/2025	M · Option Exercise	−3.20K	35.0400	—	0.00

Non-Derivative Holdings (Post-Transaction)3

Common Stock

Indirect

Shares owned900.00

Common Stock

Indirect

Shares owned1.36K

Common Stock

Indirect

Shares owned13.47K

Total

15.73K indirect15.73K

Security Title	Shares Owned	Ownership Type
Common Stock	900.00	Indirect
Common Stock	1.36K	Indirect
Common Stock	13.47K	Indirect
Total	15.73K	15.73K indirect

Derivative Holdings (Post-Transaction)4

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

3.20K

Shares owned

3.20K

Exercise price

45.3000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

3.20K

Shares owned

3.20K

Exercise price

38.4900

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

3.20K

Shares owned

3.20K

Exercise price

37.6000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

1.45K

Shares owned

1.45K

Exercise price

32.5100

Expiration

—

Exercise window

—

Total

Underlying

11.05K

Owned

11.05K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option Direct	Common Stock	45.3000	—	—	3.20K	3.20K
Stock Option Direct	Common Stock	38.4900	—	—	3.20K	3.20K
Stock Option Direct	Common Stock	37.6000	—	—	3.20K	3.20K
Stock Option Direct	Common Stock	32.5100	—	—	1.45K	1.45K
Total					11.05K	11.05K