MILDREN CHARLES J. (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

MILDREN CHARLES J.

Filed: 12/12/2025ACC: 0001225208-25-009895

InsiderMILDREN CHARLES J.CIK 1930006

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IssuerUNITED BANKSHARES INC/WVCIK 729986

Officer· Executive Vice President

Since May 2022

-3K

Net shares

Net seller

$118.4K

Total sold

Open market trades

0B · 0S

Total transactions

3.20K acquired · 6.20K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+3.20K

Price / share

$35.04

Trade value

$112.13K

% of position

16.3%

12/11/2025

19.64K→22.84K

Common Stock

Direct

F · Tax Withholding

−3K

Price / share

$39.53

Trade value

$118.39K

% of position

13.1%

12/11/2025

22.84K→19.84K

Total

Net shares

+205.00

Net value

-$6.26K

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	16.3%	19.64K	22.84K
Common Stock Direct	12/11/2025	F · Tax Withholding	−3K	$39.53	$118.39K	13.1%	22.84K	19.84K
Total			+205.00		-$6.26K

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)2

Common Stock

Indirect

Shares owned7.02K

Common Stock

Indirect

Shares owned646.01

Total

7.67K indirect7.67K

Security Title	Shares Owned	Ownership Type
Common Stock	7.02K	Indirect
Common Stock	646.01	Indirect
Total	7.67K	7.67K indirect

Derivative Holdings (Post-Transaction)4

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

1.45K

Shares owned

1.45K

Exercise price

32.5100

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

3.20K

Shares owned

3.20K

Exercise price

45.3000

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	38.4900	—	—	3.20K	3.20K
Stock Option Direct	Common Stock	32.5100	—	—	1.45K	1.45K
Stock Option Direct	Common Stock	37.6000	—	—	3.20K	3.20K
Stock Option Direct	Common Stock	45.3000	—	—	3.20K	3.20K
Total					11.05K	11.05K