PROCTOR MICHAEL (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

PROCTOR MICHAEL

Filed: 12/12/2025ACC: 0001225208-25-009894

InsiderPROCTOR MICHAELCIK 1929511

→

IssuerUNITED BANKSHARES INC/WVCIK 729986

Officer· Executive Vice President

Since May 2022

-1.40K

Net shares

Net seller

$55.1K

Total sold

Open market trades

0B · 0S

Total transactions

1.50K acquired · 2.90K disposed

Non-Derivative Transactions2

Common Stock

Direct

M · Option Exercise

+1.50K

Price / share

$35.04

Trade value

$52.56K

% of position

14.9%

12/11/2025

10.09K→11.59K

Common Stock

Direct

F · Tax Withholding

−1.40K

Price / share

$39.53

Trade value

$55.14K

% of position

12.0%

12/11/2025

11.59K→10.19K

Total

Net shares

+105.00

Net value

-$2.58K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/11/2025	M · Option Exercise	+1.50K	$35.04	$52.56K	14.9%	10.09K	11.59K
Common Stock Direct	12/11/2025	F · Tax Withholding	−1.40K	$39.53	$55.14K	12.0%	11.59K	10.19K
Total			+105.00		-$2.58K

Derivative Transactions1

Stock Option

Direct

M · Option Exercise

Converts to

Common Stock

1.50K shares

−1.50K

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 Stock1.50K shares	12/11/2025	M · Option Exercise	−1.50K	35.0400	—	0.00

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned4.45K

Total

4.45K indirect4.45K

Security Title	Shares Owned	Ownership Type
Common Stock	4.45K	Indirect
Total	4.45K	4.45K indirect

Derivative Holdings (Post-Transaction)4

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

906.00

Shares owned

906.00

Exercise price

32.5100

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

37.6000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

1.50K

Shares owned

1.50K

Exercise price

45.3000

Expiration

—

Exercise window

—

Stock Option

Direct

Underlying security

Common Stock

Underlying shares

Shares owned

Exercise price

38.4900

Expiration

—

Exercise window

—

Total

Underlying

6.41K

Owned

6.41K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option Direct	Common Stock	32.5100	—	—	906.00	906.00
Stock Option Direct	Common Stock	37.6000	—	—	2K	2K
Stock Option Direct	Common Stock	45.3000	—	—	1.50K	1.50K
Stock Option Direct	Common Stock	38.4900	—	—	2K	2K
Total					6.41K	6.41K